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World

Tuesday, April 28, 2020

SAS airline slashes 5,000 jobs over corona crisis
World

SAS airline slashes 5,000 jobs over corona crisis

Scandinavian airline SAS said Tuesday it would lay off up to 5,000 employees as the new coronavirus pandemic has wiped out demand for air travel which would not return to normal for "some years".
Published 28 Apr, 2020 11:42pm
Spain's jobless rate jumps to 14.4 percent
World

Spain's jobless rate jumps to 14.4 percent

Spain's unemployment rate jumped in the first quarter to 14.4 percent, figures from national statistics institute INE showed Tuesday, as a nationwide coronavirus lockdown hit the eurozone's fourth largest economy.
Published 28 Apr, 2020 11:42pm
Caterpillar profits fall
World

Caterpillar profits fall

Caterpillar reported lower quarterly earnings Tuesday amid a weak outlook for oil and metal commodities and said it lined up additional sources of cash to navigate an uncertain period.
Published 28 Apr, 2020 11:42pm
Icelandair cuts 2,000 staff
World

Icelandair cuts 2,000 staff

Icelandic airline Icelandair said Tuesday it would lay off about 2,000 of its staff as the COVID-19 pandemic continues to impact air travel "for the unforeseeable future."
Published 28 Apr, 2020 11:42pm
Apartment fire sends Canada PM's mother to hospital
World

Apartment fire sends Canada PM's mother to hospital

Margaret Trudeau, the mother of Canadian Prime Minister Justin Trudeau, is "doing fine", her son said Tuesday, after she was rushed to hospital overnight when a fire broke out in her Montreal apartment.
Published 28 Apr, 2020 11:42pm
British Airways to slash 12,000 jobs
World

British Airways to slash 12,000 jobs

British Airways is to slash up to 12,000 jobs as part of a restructuring forced on the carrier by the fallout from the coronavirus, parent IAG said Tuesday.
Published 28 Apr, 2020 11:42pm
Lebanese protesters back on the streets as economy crumbles
World

Lebanese protesters back on the streets as economy crumbles

Lebanese protesters confronted army troops for a second day Tuesday as anger over a spiralling economic crisis re-energised a months-old anti-government movement in defiance of a coronavirus lockdown. Scuffles resumed in second city Tripoli in northern Le
Published 28 Apr, 2020 11:42pm
Fuel truck bomb kills over 30 in northern Syria
World

Fuel truck bomb kills over 30 in northern Syria

A fuel truck bomb killed 36 people including at least six Turkey-backed rebel fighters on Tuesday in a northern Syrian city controlled by Ankara's proxies, a war monitor said.
Published 28 Apr, 2020 11:42pm
Record 50m people displaced internally
World

Record 50m people displaced internally

Conflict and disaster forced more than 33 million people to flee within their own countries last year, putting them at greater risk amid the global COVID-19 pandemic, monitors said Tuesday.
Published 28 Apr, 2020 11:42pm
US consumer confidence, exports sink
World

US consumer confidence, exports sink

US consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.
Published 28 Apr, 2020 11:42pm
3M earnings rise on demand for medical masks
World

3M earnings rise on demand for medical masks

Industrial giant 3M reported higher quarterly profits Tuesday on a jump in its health care business as it ramps up medical mask production amid surging demand in the coronavirus outbreak.
Published 28 Apr, 2020 11:42pm
Mnuchin says US to audit virus relief loans after outcry
World

Mnuchin says US to audit virus relief loans after outcry

The United States will audit government-backed loans intended to relieve small businesses hit by the coronavirus to ensure they weren't taken out by large companies, Treasury Secretary Steven Mnunchin said Tuesday.
Published 28 Apr, 2020 11:42pm
Food prices across Syria double in a year: WFP
World

Food prices across Syria double in a year: WFP

Food prices in war-torn Syria have doubled in the past year to record levels, 14 times the average before the nine-year-old conflict, the World Food Programme said Monday.
Published 28 Apr, 2020 12:54am
GM suspends dividend to save cash
World

GM suspends dividend to save cash

General Motors announced Monday that it will suspend its dividend and halt share repurchases as it conserves cash amid a broad economic slowdown expected to weigh on auto purchases.
Published 28 Apr, 2020 12:54am
Military spending saw biggest increase in a decade in 2019
World

Military spending saw biggest increase in a decade in 2019

Global military expenditure saw its biggest uptick in a decade in 2019, researchers said Monday, marking the first year two Asian countries were among the top three spenders. The world's nations spent a combined $1.9 trillion (1.78 trillion euros) on thei
Published 28 Apr, 2020 12:54am
Nearly half of New Yorkers knew Covid-19 victim: poll
World

Nearly half of New Yorkers knew Covid-19 victim: poll

Almost half of New Yorkers knew someone who died of the new coronavirus, according to a poll Monday which found overwhelming support for confinement measures opposed elsewhere in America. More than 16,000 New York City residents are thought to have succum
Published 28 Apr, 2020 12:54am
Turkey to send medical equipment to US
World

Turkey to send medical equipment to US

Turkey will send medical equipment including masks to the United States to help its NATO ally in the fight against the coronavirus, President Recep Tayyip Erdogan said on Monday.
Published 28 Apr, 2020 12:54am
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