Page 1587 - Coronavirus

Finnair set to eliminate 1,000 jobs amid Covid-19 pandemic: Report

Airlines are scrambling to slash costs and bolster their finances after lockdowns to contain the pandemic brought global air travel almost to a halt

Lessons from Covid: We can be happy if we keep it simple, says Anita Dongre

I do get an extra 90 minutes to myself that was earlier spent on travel to the office and back

Pakistan, Asia's best-performing stock market, is just getting started

Key index is up 36% since March after rate cuts

China's mega banks hire tens of thousands in latest rescue mission

The four biggest state banks, led by Industrial & Commercial Bank of China Ltd., this month kicked off their autumn campus hiring, instead of in November as in previous years

Delta Air Lines set to furlough 1,941 pilots as $25 bn stimulus runs out

U.S. airlines have warned they will need to furlough tens of thousands of workers once $25 billion in US government stimulus funds run out in September

Covid impact: American Airlines plans 19,000 furloughs, layoffs in October

American Airlines said Tuesday it will eliminate 19,000 jobs in October as it struggles with a sharp downturn in travel because of the pandemic. Flight attendants will bear the heaviest cuts, with 8,100 losing their jobs. The furloughs and management layoffs announced Tuesday are in addition to 23,500 employees who accepted buyouts, retired early or took long-term leaves of absence. American began the year with about 140,000 employees but expects fewer than 100,000 to remain in October. U.S. air travel plunged 95% by April, a few weeks after the first significant coronavirus outbreaks in the United States. Passenger traffic has recovered slightly since then but remains down 70% from a year ago, and carriers say they need fewer workers. American's announcement comes one day after Delta Air Lines said it will furlough 1,941 pilots in October unless it reaches a cost-cutting deal with the pilots' union. In March, passenger airlines got $25 billion from the government to save jobs for

Coming next: Most-watched IPL in the time of Covid-19 pandemic

It could reach more than 530 mn viewers on TV and a few hundred million more online. But can it make money for Disney Star?

Come September, cinemas ready with discounts on movie tickets, food

Cinema owners, especially, multiplex operators hope this will be corrected in the fourth phase of the Unlock programme that will commence next month

Phoenix Mills: Resumption uncertainty to keep stock under pressure

While the company has cash to sustain operations, near term revenues will take a hit

GST Council-like authorities for land, labour, power must for reforms: RBI

"In fact, Goods and Services Tax (GST) Council type of apex authorities can be set up in respect of land, labour and power to drive structural reforms," RBI said in its 2019-20 annual report

Expect biz to hit pre-Covid levels by next summer, says MMT's Rajesh Magow

In June, domestic flight bookings were 5-7 per cent of the pre-Covid-19 levels and now that has gone up to to 25-27 per cent, Magow said

More centres, staggered entry-exit: NTA plans for NEET, JEE amid Covid-19

While the Joint Entrance Examination (Main) is scheduled from September 1-6, the National Eligibility cum Entrance Test (NEET-UG) is planned on September 13

Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said

Covid-19 impact: Moody's lowers SBI's baseline credit assessment to 'ba2'

The rating agency, however, affirmed SBI's Baa3 deposit ratings

A worrying trend: India's new economy can not be a monopoly board

Just as opening up the economy in the 1990s was a windfall for the current generation of middle-class Indians, excessive economic concentration will be a headache for the next

Gaza locks down after detecting local transmission of coronavirus

Gaza's militant Hamas rulers imposed a territory-wide curfew on Tuesday after authorities detected the first local cases of the coronavirus, raising fears of a wider outbreak

India to post strong GDP growth pick up in second half of 2020: Moody's

For 2021 year, Moody's has projected Indian economy to grow 6.9 per cent

No need to be alarmed over Covid-19 reinfection cases in Hong Kong: ICMR

At a press briefing, ICMR Director-General Balram Bhargava said the Hong Kong case is a stray example and the reinfection can depend upon various factors

ICC postpones eight-team World Cup Challenge League A due to Covid-19

Canada currently top the table ahead of Singapore on net run rate, with both teams on eight points

1,544 new Covid-19 cases take Delhi tally to 164,071; toll climbs to 4,330

Delhi recorded 1,544 fresh coronavirus cases on Tuesday, taking the tally in the city to over 1.64 lakh, while the death toll from the disease mounted to 4,330, authorities said. Seventeen fatalities have been recorded in the last 24 hours, according to the latest bulletin issued by the Delhi health department. On Monday, the daily cases count was 1,061 and 13 deaths were reported. The active cases tally on Tuesday rose to 11,998from 11,626 the previous day. On June 23, the national capital had reported the highest single-day spike of 3,947 COVID-19 cases, till date. The death toll from COVID-19 in Delhi stood at 4,313 on Monday. The Tuesday bulletin said the death toll from the coronavirus infection has risen to 4,330 and the total number of cases climbed to 1,64,071.