Airlines including Delta and United have placed their aircraft in storage in a so-called ‘boneyard’ in the desert for with flight operations cut to around 5% of normal operations due to the coronavirus . Delta Air Lines have parked their planes at Pinal Airpark 90 miles south of Phoenix. The dry desert air helps to … Read more
Video game company sales hit historic highs of $10.9 billion in the US as people are forced to remain home during coronavirus lockdown Video game sales have exploded to historic highs in the US this quarter Analysts say sales hit $10.86 billion which is a 10 percent increase over last year The boom is attributed to … Read more
Students will still have to pay full tuition fees even if classes are taught online and universities remain closed, it has been revealed. Higher Education institutions are facing a funding crisis after a predicted large fall in the numbers of students from overseas taking up places in the coming academic year, as reported by The … Read more
A four-hour Premier League meeting to decide how football can return amid the coronavirus pandemic held today has ended with clubs reaffirming their commitment to finishing the current campaign. It was also agreed during the meeting that matches, when they are able to take place, will be held in up to 10 neutral grounds away … Read more
Sainsbury’s defers £160m dividend as profits remain flat despite pre-lockdown sales rush By Tom Witherow For The Daily Mail Published: 21:51 BST, 30 April 2020 | Updated: 22:25 BST, 30 April 2020 Sainsbury’s has deferred a £160million dividend and cancelled bonuses despite its supermarkets being ‘busier than Christmas’ in the week before lockdown. Bosses said … Read more
Boeing 737 MAX is ‘expected to remain grounded until at least August as manufacturer continues to grapple with software issues’ Boeing has signaled it now hopes to win regulatory approval in August for the plane’s return to service, but that could be pushed backed until fall, sources said The best-selling airplane has been grounded since … Read more
Primark confirms furloughing of 68,000 staff as sales go from £650m a month to zero after retailer is forced to close all stores by virus lockdown 68,000 Primark workers across Europe have been furloughed Primark expects to take a £284million hit from unsold stock ABF is seeking to speak with landlords to get help with their … Read more
Economy ‘will remain weak after lockdown is lifted’, warns Bank of England By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 April 2020 | Updated: 21:50 BST, 20 April 2020 The Bank of England has cautioned that even if the Covid-19 lockdown is lifted the economy will remain weak. Deputy governor Ben Broadbent … Read more