Business – Page 25 – Irish Examiner USA

September 4, 2020 No Responses

Haulage Representatives Seek Urgent Meeting With UK Government Over Brexit Concerns

UK haulage bosses have called for an “urgent” meeting with government ministers over concerns there are “significant gaps” in the UK’s Brexit border preparations. Eight logistics organisations, including the Road Haulage Association (RHA), have written to Cabinet Office minister Michael...

September 2, 2020 No Responses

British Court Signs Off On Virgin Atlantic Bailout

Virgin Atlantic’s £1.2 billion (€1.35 billion) bailout has been signed off by a UK High Court judge. Last week, the airline’s creditors voted to approve the deal, which the airline said was a “significant milestone in safeguarding its future”. At...

September 2, 2020 No Responses

Australia Enters Recession For The First Time In 28 Years

Australia’s economy has suffered its sharpest quarterly drop since the Great Depression because of the pandemic, with official data released on Wednesday confirming the country is experiencing its first recession in 28 years. The latest national accounts sho...

August 28, 2020 No Responses

Gatwick Airport Warns Of Five Year Wait For Recovery Of Air Travel

Gatwick Airport has said demand for air travel might not return to pre-pandemic levels until 2025. The British airport announced a 61.3% fall in revenue and a £321 million loss during the first six months of the year compared with...

August 25, 2020 No Responses

Key Vote Planned On Rescue Package For Virgin Atlantic

A key vote on Virgin Atlantic’s £1.2 billion rescue deal will be held on Tuesday. Creditors will vote at a closed hearing at the High Court on whether to approve the restructuring package secured by the airline in July. The...

August 24, 2020 No Responses

Microsoft Supports Epic Games In Battle With Apple

Microsoft has filed a statement in support of Fortnite maker Epic Games in its ongoing dispute with Apple over in-game payments. Xbox, which is part of Microsoft, confirmed it had filed a statement with a court in California supporting Epic’s...

August 24, 2020 No Responses

Wetherspoon Warns Of Annual Loss Amid Coronavirus Pandemic

Wetherspoon has warned that the coronavirus crisis will drag it to an annual loss after sales plunged following its reopening last month. The pub chain told investors that like-for-like bar and food sales are down 16.9 per cent for the...

August 20, 2020 No Responses

Rolling Stones To Open Flagship Store In London’s Soho

The Rolling Stones will open a flagship store in London’s Soho selling clothing and merchandise, including special glassware developed with Baccarat engraved with the band’s tongue logo. RS No. 9 Carnaby at 9 Carnaby Street will also feature raincoats and....

August 18, 2020 No Responses

Apple ‘Won’t Make An Exception’ To Fortnite As Row With Epic Rumbles On

Apple has said it “won’t make an exception” for Fortnite as the payments dispute between it and developer Epic Games continues. The iPhone maker has threatened to revoke Epic’s membership to the Apple Developer Program over a direct payment option...

August 17, 2020 No Responses

Diageo To Buy Aviation Gin Brand

Spirit giant Diageo is to buy a gin brand co-owned by Hollywood actor Ryan Reynolds as part of a deal worth up to $610 million (€514 million). The Tanqueray owner said it has agreed to acquire Aviation American Gin, which...

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