Donald Trump ready to take executive action to save airline jobs, says White House August 26, 2020 The White House today said that US President Donald Trump was preparing to act unilaterally to prevent a massive wave of job cuts at US airlines that have been ravaged by the coronavirus pandemic. According to chief of staff Mark Meadows, Trump is considering using an executive order to avoid the layoffs if Congress does [...]
UK quarantine list: Which European countries have the worst infection rates? August 26, 2020 Switzerland looks set to be added to the list of countries on the UK’s quarantine list after a surge in the number of coronavirus cases in the country. Scotland has already reimposed self-isolation measures on travellers from the country, with ministers in England due to review its list today. If it is added to the [...]
Gatwick Airport to cut nearly a quarter of its workforce August 26, 2020 Gatwick Airport this afternoon announced that it could cut up to 600 jobs as part of a major restructuring caused by the coronavirus pandemic. The airport is the latest company in the struggling aviation sector to announce such cuts, which account for 24 per cent of its workforce. The sector is one of the worst [...]
European electric vehicle sales surpass China for first time since 2015 August 26, 2020 Sales of European passenger electric vehicles in the first half of 2020 exceeded those in China for the first time in five years. According to a report from Bloomberg, around 380,000 electric vehicles were sold over the 16 main European markets in the first six months of the year. Meanwhile, in China, which is widely [...]
Tourism slump to cost UK £22bn with London worst-hit, says WTTC August 26, 2020 The UK economy could lose a “staggering” £22bn this year as the tourism industry is hit by a massive drop in international travel as a result of the coronavirus pandemic, a global tourism body has warned. The World Travel & Tourism Council (WTTC) also said that London’s position as a hub for business and leisure [...]
Virgin Atlantic creditors back crunch £1.2bn bailout deal August 25, 2020 An overwhelming majority of Virgin Atlantic’s creditors have this afternoon approved the embattled airline’s £1.2bn bailout package, a critical step in ensuring the carrier’s survival. In a statement, the carrier said that all four of its creditor classes had voted in favour of the proposal. The vote marks a huge step forward in Virgin’s bid [...]
AIM-listed Infrastrata swoops for historic Devon shipyard August 25, 2020 An historic shipyard in Devon is set to reopen after it was bought by AIM-listed Infrastrata in a deal worth £7m, in a rare boost for the UK’s manufacturing sector. Appledore shipyard, situated on the River Torridge near Bideford, shut last year when defence giant Babcock decided that the site had no future. However, the [...]
American Airlines to cut 19,000 jobs unless extra aid released August 25, 2020 American Airlines has warned that it will be forced to cut 19,000 jobs in October unless the US government provides the carrier with further financial assistance. In total, around 40,000 jobs – 30 per cent of the the airline’s workforce – will be lost, including voluntary redundancies and other departures. Back in March, US airlines [...]
Carnival-owned Cunard suspends all cruises until March next year August 25, 2020 Carnival-owned cruise operator Cunard has cancelled all of its sailings until March 2021 at the earliest due to continuing concerns over the coronavirus pandemic. In a statement, the luxury cruise ship line said that it was extending its suspension of all sailings from November this year until the spring, a year after first suspending its [...]
Thames Tideway ‘super sewer’ won’t open until 2025 due to coronavirus August 25, 2020 The construction of the Thames Tideway “super sewer” is now expected to cost £233m more as a result of coronavirus, with the mega-project now not expected to be completed until 2025. As a result of the increased cost, Thames Water customers may face slightly higher water bills, the Telegraph first reported. At the moment, customers [...]