Britain's competition watchdog made good on Wednesday on its threat to block sportswear retailer JD Sports' 86 million pound ($106.95 million) takeover of smaller rival Footasylum, saying it would leave shoppers worse off and requiring JD to sell the chain.
Britain's competition watchdog made good on Wednesday on its threat to block sportswear retailer JD Sports' takeover of smaller rival Footasylum, saying it would leave shoppers worse off and requiring JD to sell the chain.
Qatar Airways is planning to cut a significant number of jobs because travel has been disrupted by the coronavirus pandemic, and told cabin crew to prepare for redundancies, according to a company notice seen by Reuters.
China's tourism sector showed encouraging signs of recovery over the May Day holiday with 115 million trips made, many by car and by younger people emerging from weeks of coronavirus lockdown, according to government data and operators.
Panic buying of toilet rolls and food drove a record jump in Australian retail sales in March, but any economic windfall was sharply curtailed as much of the surge came in prices rather than in the overall volume of goods.
U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.
Chinese tourists made a total of 115 million trips during the Labour Day holiday from May 1-5 as coronavirus restrictions were eased, but the total was still down 41% from 195 million a year earlier, the China Daily newspaper said, citing data from the culture and tourism ministry.
The head of the Aerospace Industries Association will ask a U.S. Senate Committee on Wednesday to consider providing temporary assistance to the aerospace manufacturing sector and warned more jobs are in jeopardy due to the coronavirus pandemic.
Millions of people stuck indoors turned to video games such as Activision Blizzard Inc's "Call of Duty" to shake off lockdown boredom in the past two months, encouraging the company to raise its revenue forecast for the year.
U.S. airlines are collectively burning more than $10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight in the wake of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.
Saudi Arabia has allocated 2 billion riyals ($533.3 million) to fund importing agriculture products and secure food supplies amid coronavirus fears, the country's agriculture development fund said on Tuesday.
U.S. airlines are collectively burning more than $10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday.
Activision Blizzard Inc raised its full-year forecast after reporting quarterly results above Wall Street estimates on Tuesday, as people sheltering at home turned to playing games such as "Call of Duty" to beat the COVID-19 lockdown blues.
Qatar Airways is planning to cut a significant number of jobs because travel has been disrupted by the coronavirus pandemic, and told cabin crew to prepare for redundancies, according to a company notice seen by Reuters.
The U.S. Transportation Department said Tuesday that JetBlue Airways Corp and Spirit Airlines Co can halt some flights through Sept. 30 amid the massive travel falloff due to the coronavirus pandemic.
The U.S. Transportation Department said Tuesday that JetBlue Airways Corp and Spirit Airlines Co can halt some flights through Sept. 30 amid the massive travel falloff due to the coronavirus pandemic.
Norwegian Air will sell new shares at a 79% discount to the latest traded price on the Oslo Bourse, the budget carrier said on Tuesday as it seeks to boost its equity in order to qualify for Norway's government aid package.
Canada will invest C$252 million ($179.5 million) to help some of the country's farm and food processing sectors weather the coronavirus outbreak, Prime Minister Justin Trudeau said on Tuesday, adding more money could come later if needed.
Reuters
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