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    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.

    UK unemployment climbs to 4.1% on virus fallout

    15 Sep 2020

    The number of people claiming jobless benefits stood at 2.7 million in August, up almost 121 per cent since March when Britain went into lockdown over the virus.

    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.

    Emirates airline lays off some employees

    01 Jun 2020

    Emirates Group has recently announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due to the COVID-19 pandemic in the fourth quarter.

    Fearing second COVID-19 wave, Europe aims to train 'army' of medics

    22 Jun 2020

    Some intensive care specialists are trying to hire more permanent staff. Others want to create a reservist "army" of medical professionals ready to be deployed wherever needed to work in wards with seriously ill patients.

    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.

    Coronavirus has killed three Pakistani journalists, infected 156: PFUJ

    21 May 2020

    Lahore has reported the highest number of cases at 84, followed by Rawalpindi and Islamabad with 24, Quetta 17, Peshawar 12, Karachi nine, Sukkur six, Multan five and Gujranwala and Hyderabad two each.

    Walls close in on Thailand's poorest as virus shrivels economy

    31 May 2020

    Thailand has long paraded low unemployment as a symbol of its economic success. But millions like the Noidee family rely on informal work or day wages for survival, jobs imperilled by a feared 6-7 percent contraction in the economy.

    Lufthansa warns of threat to its $10 billion bailout deal

    17 Jun 2020

    Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, criticised the 9 billion euro ($10.1 billion) bailout, saying he had raised his stake in Lufthansa to over 15% and hoped alternative options could be explored.

    23 Results