HONG KONG: Hong Kong’s Cathay Pacific Airways expects a first-half net loss of HK$9.9 billion (US$1.3 billion), including impairment charges on 16 planes, the airline said on Friday (Jul 17), as the coronavirus pandemic crushed travel demand. Earlier, the airline had flagged a “substantial” first-half loss and that it had […]
Day: July 16, 2020
MONTREAL: A 73-year-old man was killed by police in Canada just hours after refusing to wear a face mask in a grocery store, the country’s public broadcaster the CBC reported on Thursday (Jul 16). The man allegedly assaulted a grocery store employee on Wednesday after he was asked to follow […]
LONDON: British Airways, the world’s largest operator of Boeing’s 747, said on late Thursday (Jul 17) it would retire its entire jumbo jet fleet with immediate effect due to the downturn in travel industry caused by the coronavirus pandemic. Global curbs imposed to stem the spread of the virus led […]
MADRID: Spain hailed its medic heroes during the coronavirus crisis, but as infections fall many frontline staff have been left depressed and traumatised by their experience, fearful of an insecure future. With 36.3 per cent of public healthcare workers without a permanent contract, according to one survey, demonstrations calling for […]
United Airlines and its pilots’ union said on Thursday they had reached an agreement on two different packages aimed at reducing involuntary furloughs in the fall and keeping pilots at the ready once coronavirus-hit demand starts to pick up. REUTERS: United Airlines and its pilots’ union said on Thursday they […]
Microsoft Corp said on Thursday it had trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. REUTERS: Microsoft Corp said on Thursday it had trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. The […]
NEW YORK: A new book on Donald Trump written by his niece sold nearly a million copies on the first day it went on sale in the United States, its publisher said Thursday (Jul 16). Mary Trump’s Too Much and Never Enough: How My Family Created the World’s Most Dangerous […]
German automaker Volkswagen AG expects a slight growth in China’s premium car segment this year despite a slide in broader market sales, a senior executive said. BEIJING: German automaker Volkswagen AG expects a slight growth in China’s premium car segment this year despite a slide in broader market sales, a […]
In the wake of the Wirecard accounting scandal, exchange operator Deutsche Boerse said on Thursday it was proposing rules to enable it to quickly expel companies from the leading DAX index if those firms file for insolvency. FRANKFURT: In the wake of the Wirecard accounting scandal, exchange operator Deutsche Boerse […]
SYDNEY: Australia’s second-most populous state of Victoria on Friday (Jul 17) reported a record increase in daily coronavirus cases for a second consecutive day. Victoria reported 428 new daily infections, a day after logging its previous high of 317 new cases, said Premier Daniel Andrews. It also reported three new […]