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Boeing to cut 10% of workforce after reporting large losses

Boeing is cutting about 10% of its workforce to deal with a downturn in business that started with the grounding of its best-selling jet...

Global sales fall at Starbucks as Covid-19 forces store closures

Starbucks saw its global sales tumble in the first three months of 2020 as coronavirus-related shutdowns hampered its operations. The Seattle-based coffee giant said conditions...

Nando’s reopens six UK restaurants for delivery

Nando’s has said it is reopening six of its UK restaurants for delivery from today. The peri-peri chicken chain said it will reopen the kitchens...

Global aviation will be slow to recover post-coronavirus, says Boeing CEO

The impact of coronavirus on the aircraft manufacturing industry will be felt for years, Boeing’s chief executive has said. The Covid-19 pandemic has seen widespread...

EasyJet shareholders to vote on bid to oust directors

EasyJet shareholders will vote on whether to support founder Sir Stelios Haji-Ioannou’s bid to oust the company’s chief executive and chairman. The airline announced it...

Jaguar Land Rover and Aston Martin to restart production

Car giant Jaguar Land Rover is to gradually resume production at two of its UK plants next month amid “robust” guidelines to support a...

US unemployment claims reach 26m as coronavirus causes huge job losses

More than 4.4 million laid-off workers applied for US unemployment benefits last week as job cuts escalated due to the coronavirus pandemic. Roughly 26 million...

Brent oil hits new 21-year low as coronavirus sends demand plummeting

Brent crude prices have hit 21-year lows as the oil price crash showed little sign of slowing in the face of plunging global demand...

Australia to make Google and Facebook pay for news content

Global digital platforms Google and Facebook will be forced to pay for news content in Australia, the government has said, as the coronavirus pandemic...

Arcadia stores under threat of permanent closure

Philip Green’s Arcadia group could see some stores shut down permanently as a result of the coronavirus pandemic, following a string of closures in...

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