McDonald’s will close all 1,270 of its restaurants in the UK by the end of Monday,…
Author: Robert Thomson
Airlines warn they may not survive without bailout
The bosses of EasyJet and Lufthansa have said some airlines may not survive without government support…
Coronavirus: BMW, Honda and Toyota suspend UK car production
The UK car industry is slowly grinding to a halt after BMW, Toyota and Honda said…
Coronavirus: Pound plunges to its lowest level in over 30 years
The pound has fallen to its lowest level against the dollar since 1985, as the spread…
How coronavirus is killing off global air travel
Qantas has become the latest major airline to cancel international flights as it struggles during the…
Uber stock drops 6.8% after it cancels car pools, tech stocks rally
Shares of Uber closed down 6.8% to $18.91 per share Tuesday, while other tech stocks rebounded, after the…
Coronavirus: Hospitality industry ‘faces thousands of closures’
The hospitality industry has warned the new government restrictions around coronavirus could shut down firms. Read…
Exclusive: Shale gas pioneer Chesapeake Energy taps restructuring advisers – sources
The Oklahoma City-based company, which was co-founded by late wildcatter Aubrey McClendon, was struggling with its…
US airlines used up spare cash buying back shares
America’s biggest airlines have called on Washington for more than $50bn (£41bn) in aid as they…
BMW releases details of its new electric car to rival Tesla
BMW released Tuesday the details of an electric concept car, with production of the vehicle expected…
Coronavirus is already impacting the UK economy, Bank of England’s Carney says
The United Kingdom is already seeing an economic impact from the coronavirus outbreak, the outgoing Bank…
‘Nolo beer’ sales rocket thanks to young teetotallers
Sales of no or low alcohol beer are up 30% since 2016, as 18-24 year olds…