IATA estimates aviation’s pandemic losses at $201bn October 4, 2021 The International Air Transport Association has estimated that the aviation sector will return to profitability in 2023. As a result of the pandemic, aviation will lose around $201bn before returning profitable in 2023. As explained by International Air Transport Association’s (IATA) director general Willie Walsh, losses in 2021 are expected to be nearly $52bn – [...]
Coronavirus victory? New Zealand gives up its Covid elimination strategy October 4, 2021 New Zealand was one of only a handful of countries to successfully eliminate its coronavirus cases last year. Now its government says that strategy is no longer possible. Watch the full report.
Premiership: Five things we’ve learned as the east Midlands rise again October 4, 2021 The east Midlands are on the rugby rise again and more clubs than ever are competing for European places, here are five things we learned from this weekend’s Premiership action. The east Midlands heartlands are back The east Midlands duo of Leicester Tigers and Northampton Saints now occupy the top two Premiership spots. The pair [...]
Eurostar faces £400m losses after pandemic swerves passenger numbers off track October 3, 2021 Eurostar has reported more than £400m pandemic-induced losses and cautioned it faces “material uncertainties” in the future, after Covid travel restrictions derailed passenger numbers for the cross-channel train. After riding high with a £62.4m profit in 2019 before the pandemic hit, the French majority-owned train operator swung to a dizzying pre-tax loss of £427.8m in [...]
London, Paris and New York: The cities that migrate faster to flexible working October 3, 2021 New York, Paris, London, Berlin and Frankfurt are primed for a faster transition to hybrid working, given the comparatively high office costs, already flexible working practices and extended lockdowns earlier this year and in 2020. On the other hand, less flexible working cultures in Mumbai, Shanghai and Ho Chi Minh City mean that any transition [...]
New Covid-19 pill in Germany exceeds all expectations as it reduces Coronavirus deaths by half October 3, 2021 A new experimental Covid-19 pill reduced stays in hospital and deaths by half, according to German multinational science and technology company Merck. In fact, an independent group of medical experts that monitored the trial recommended stopping it early because the interim results were so strong, beating all expectations. The company said today it would soon [...]
Javid: Care workers should ‘get out and get another job’ if refuse vaccine October 2, 2021 UK health secretary Sajid Javid has said care workers who don’t want to get vaccinated should “get out and get another job” in the most hardline stance on the jab from a government minister yet. Trade bodies and care home providers have raised concerns that the deadline for the legal requirement for workers to be [...]
Pfizer and Moderna down: Merck’s stock skyrockets after its new Covid antiviral pill smashes all expectations October 1, 2021 Shares in US science giant Merck are up by more than 10 per cent this afternoon after the company revealed a newly developed Covid-19 pill smashes all expectations. As a result, vaccine giants across the board are down, Pfizer by nearly 2 per cent, Moderna 4.7 per cent and Novavax dropped by 7.5%. The companies [...]
Leicester City and JD Sports probed by watchdog over merchandise September 30, 2021 The Premier League’s Leicester City and retailer JD Sports are being investigated by the Competition and Markets Authority (CMA) over suspected anti-competitive behaviour relating to merchandise. The watchdog said in its case that it has “reasonable grounds to suspect one or more breaches of competition law” and that the CMA “has not yet reached a [...]
Boohoo: Long journey to win back investors after worker neglect September 27, 2021 Online fashion retailer Boohoo faces an uphill battle in overcoming its reputation after poor treatment of garment workers. The fast fashion giant has made moves to improve problems in its supply chain in recent months and to make itself more transparent to consumers – but it may not be enough. Analysts said the measures looked [...]