A BBC report has claimed that Virgin Atlantic will be approaching the United Kingdom government for a bailout package worth hundreds of millions of pounds soon as it is hit very hard by the coronavirus pandemic. Other airlines also expected to ask the government for help. The government has said that it will intervene to…
The dire need to provide debt relief to the poorer countries that have been hit by the coronavirus pandemic was reiterated by the chiefs of the World Bank and International Monetary Fund on Friday while also insisting that major role has to be played by official bilateral creditors. Emergency programs to offer grants and loans…
The coronavirus pandemic has already pushed the global economy into a recession, said International Monetary Fund chief Kristalina Georgieva on Friday. She however said that the IMF was happy to finally see that the global leaders were at last realizing the a joint and coordinated effort was needed by them to help in preventing the…
Fashion brand Ralph Lauren will be now manufacturing medical masks and gowns. This is the latest fashion and designer brand that has come up ahead to support the global fight against the deadly coronavirus. The charitable arm of the fashioner designer will implement the shift from fashion products to masks, the company announced on Thursday.…
Senior administrators in the Trump administration have agreed to further tighten restrictions of semiconductors on Huawei Technologies. Under the newly proposed rules, foreign companies that use U.S. chipmaking equipment will now have to obtain a U.S. license before supplying certain chips to Huawei. According to one of the sources, rule will slash the supply of…
United states based auto giant Ford Motor announced on Thursday that it intends to start production again at one of its “key” assembly plants in North America as early as April 6. The unit was closed down last week because of intense pressure from workers’ union to do so in order to prevent the spread…
Cyber security specialists have formed an international group to fight hacking related activities revolving around China’s coronavirus. The international group consisting of nearly 400 volunteers with expertise in cybersecurity is called the COVID-19 CTI League. The group which monitors cyber threat intelligence spans across 40 countries and includes professionals in senior positions at major tech…
In a statement, Air New Zealand Ltd and Delta Air Lines Inc stated, they will now offer cargo charter services on passenger planes in a bid to boost revenues. The development comes as the U.S. Senate nears a vote on a bill to give U.S. carriers $58 billion in economic aid, which includes payroll support.…
Users in countries that have seen lockdowns because of the spread of the coronavirus pandemic have been using Facebook and its other social media platforms, said the social media giant Facebook There was a more than 1000 per cent spike in group calls in the last one month in Italy – a country that has…
The coronavirus pandemic has given a chance for investors to leverage it to put new limits on CEO pay packages and link such payments to a host of social and environmental aims and objectives when companies hold annual general meetings, some being held during the pandemic while others after the passage of the pandemic. It…
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