Business – Page 37 – Irish Examiner USA

March 13, 2020 No Responses

EU Promises Aid and Calls for Border Health Screening

The European Union has urged member countries to put health screening in place at their borders to slow the spread of the coronavirus, and also pledged a €37bn aid fund. The EU said it will allow “maximum flexibility” on state...

March 12, 2020 No Responses

Norwegian Announces the Cancellation of Over 4,000 Flights

Low cost airline Norwegian has cancelled more than 4,000 flights and will implement layoffs due to the Covid-19 outbreak. The carrier announced it has grounded 40% of its long-haul fleet and cancelled up to a quarter of its short-haul flights...

March 11, 2020 No Responses

E3 Games Convention Cancelled Due to ‘Overwhelming Concerns’ over Coronavirus

E3, the annual video games convention in Los Angeles, has been cancelled due to “overwhelming concerns” about the spread of coronavirus, organizers have said. The convention, which had been due to take place in June, is one of the world’s...

March 11, 2020 No Responses

Passenger Numbers at Heathrow Fall Almost 5% in Last Month

Heathrow saw a 4.8% year-on-year decline in passenger numbers in February due to coronavirus. The UK’s busiest airport said the fall to 5.4 million passengers was driven by lower demand on Asian and European routes. The figure takes into account...

March 11, 2020 No Responses

Bank of England Slashes Interest Rates to Counter Coronavirus ‘Economic Shock’

The Bank of England has slashed interest rates from 0.75% to 0.25% in an emergency move to counter the “economic shock” of the coronavirus outbreak. The Bank said the decision follows the spread of Covid-19, which has seen stock markets...

March 10, 2020 No Responses

Belfast Airport Chief Calls for Removal of Tax on Short-Haul Flights

Removing a tax on short-haul flights would help save a Belfast airport from a “perfect storm”, its chief executive has said. George Best Belfast City Airport has lost two thirds of its passenger base and more than 500 weekly services...

March 9, 2020 No Responses

Think Tank Dismisses Johnson’s Plan for Bridge or Tunnel From Scotland to The North

A bridge between Scotland and Northern Ireland is not the route to take to either boost the economy or improve connectivity, experts have warned the British Prime Minister. While Boris Johnson has repeatedly suggested a crossing over the Irish Sea,...

March 9, 2020 No Responses

Oil Prices Plunge as Saudi Arabia Launches Broadside Against Russia

Saudi Arabia launched a broadside against Russia over the weekend, sending stock markets into serious turmoil, as oil prices plunged by around a third. The Gulf kingdom, which is one of the world’s largest producers, slashed the price of its...

March 2, 2020 No Responses

Ryanair Cancels Flights as Passenger Numbers Fall Due to Coronavirus Fears

Ryanair has become the latest airline to cancel flights due to a drop in demand caused by Covid-19. The low-cost airline said it is reducing frequencies on some routes by up to 25%, which will particularly affect its flights to...

February 29, 2020 No Responses

Impact of Covid-19 on World Economy Intensifies

The coronavirus outbreak’s impact on the world economy grew more alarming on Saturday amid plunging business confidence, empty shops and amusement parks, cancelled events and drastically reduced trade and travel. New data released by manufacturing powerhouse...

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