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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.