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    Boeing reports big loss, hints at more job cuts

    29 Jul 2020

    The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer demand.

    Airline giant IAG logs €3.8 billion loss on coronavirus

    31 Jul 2020

    The group, which had posted a year-earlier net profit of €806 million, also unveiled plans for a capital increase of up to €2.75 billion in a results statement, as it seeks to navigate fallout from the deadly COVID-19 crisis.

    Lockdowns after coronavirus give a major boost to e-commerce

    30 Aug 2020

    Recent data shows a shift to shopping online — according to Kantar consulting group, international e-commerce grew 41 per cent in only three months compared with 22 per cent growth for 2020 as a whole to date, as the pandemic "transformed" retail habits.

    Lockdowns averted 3.1 million deaths in 11 European countries

    08 Jun 2020


    Using European Centre of Disease Control data on deaths in 11 nations in the period up to May 4, they compared the number of observed deaths in the countries against those predicted by their model if no restrictions had been imposed.

    Indian national wheelchair cricketer turns labourer in lockdown

    30 Jul 2020

    After his plight became national news, the Indian Olympic Association stepped in with a grant of 50,000 rupees ($670), while the state government awarded the struggling player the equivalent of $270.

    World lost equivalent of 255 million jobs in 2020, says UN study

    25 Jan 2021

    In a fresh study, the UN's International Labour Organisation (ILO) found that a full 8.8 per cent of global working hours were lost in 2020, compared to the fourth quarter of 2019.

    COVID-19: Youth job losses cause for worry

    31 May 2020

    The observation by the International Labour Organization (ILO) that more than one in six young people have stopped working since the onset of the COVID-19 pandemic while those who remain employed have seen their working hours cut by 23 per cent comes a shocking revelation and needs to be addressed earnestly.

    Surprise US job surge lifts employment back to pre-COVID levels

    06 Aug 2022

    "Today, the unemployment rate matches the lowest it's been in more than 50 years: 3.5 per cent," US President Joe Biden said in a statement.

    More than one in every six young people have lost jobs globally due to virus: ILO

    28 May 2020

    The International Labour Organisation, in a new look at the impact of the pandemic on jobs, says that work hours equivalent to 305 million full-time jobs have been lost due to the COVID-19 crisis.

    10% of UAE firms to reduce salaries and 30% to cut staff, reveals Survey

    19 Oct 2020

    Mercer’s TRS research of over 500 companies in the UAE also revealed an actual 2020 annual salary increase of 3.8% across the general market, although with 19.4% of organisations indicating they froze salaries in 2020.

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