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First Facebook Oversight Board members confirmed

Facebook has announced the first members of its new Oversight Board, the independent body which will have the final say on content allowed on...

ITV sees ad revenues plunge 42% but outlines plans to restart filming

ITV has said demand for advertising plunged 42% in April as marketing spend ground to a halt amid the coronavirus crisis. The broadcasting giant said...

EU forecasts recession of ‘historic proportions’

The European Union has predicted a recession of “historic proportions” this year due to the impact of coronavirus, with a drop in output of...

Ryanair see 99.6% drop in passengers as flights grounded

Low-cost airline Ryanair flew just 40,000 passengers last month as the coronavirus crisis brought air travel to a standstill, and warned that operations will...

J.Crew files for bankruptcy protection as pandemic chokes US retail

The owner of J.Crew is filing for bankruptcy protection, the first major retailer to do so since the coronavirus pandemic forced the closure of...

Heathrow records 97% drop in passenger numbers in April

The number of passengers travelling through Heathrow last month was down by around 97% compared with April 2019, the UK airport has announced. It expects...

Trump predicts ‘spectacular’ rebound as economy plunges

Trying to dispel economic gloom, President Donald Trump said on Thursday he is anticipating a major rebound in the coming months and a “spectacular”...

Covid-19 lockdowns take their toll with record fall for Eurozone economy

The European economy shrank by a record 3.8% in the first quarter as business activity from hotels and restaurants to construction and manufacturing was...

Blow to pension savers as Shell cuts dividend for first time since 1945

A decades-long streak was brought to an end by the coronavirus on Thursday as oil giant Shell slashed its dividend for the first time...

US economy shrinks by 4.8% as businesses shut down due to coronavirus

The US economy shrank by 4.8% in the last quarter as the coronavirus pandemic shut down much of the country and began triggering a...

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