Tag: record

Coronavirus: Rolls-Royce reports record loss as travel slumps

Image copyright Getty Images Engineering giant Rolls-Royce, which makes jet engines, has reported record losses after the coronavirus pandemic caused demand for air travel to slump. The firm reported a pre-tax loss of £5.4bn for the first half of this year. Rolls-Royce is in the middle of the biggest restructuring of its business in its history. On Wednesday, it confirmed… Read more →

Coronavirus: Japan suffers its biggest economic slump on record

Image copyright Getty Images The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic. The world’s third largest economy saw gross domestic product (GDP) fall by 27.8% in the April to June quarter, compared to the same period last year. Japan was already struggling with low economic growth before the crisis. The figures… Read more →

UK’s winter athletes aim for a record Olympic medal haul

Image copyright Hannah Peters/Getty Images Vicky Gosling has faced a number of challenges in her professional life, from serving in the Gulf War in 2003, to running the first overseas edition of Prince Harry’s Invictus Games for disabled military veterans. But her new task – to increase Great Britain’s haul of snowsport medals at the Beijing 2022 Winter Olympics, and… Read more →

German economy suffers sharpest decline on record

Image copyright Reuters The German economy shrank at its fastest rate on record amid the impact of the coronavirus pandemic, according to new official figures. The total production of goods and services declined by 10.1% during the April-to-June period. It was the sharpest decline since German began producing quarterly growth figures in 1970. The contraction followed a smaller but still… Read more →

Coronavirus: Nissan shares fall 10% after record loss warning

Image copyright Getty Images Nissan’s shares have plunged by 10% in Tokyo trading after warning that it would see a record annual loss. Japan’s second largest carmaker said it expects a $4.5bn (£3.5bn) operating loss this year as the coronavirus hinders its turnaround efforts. The worse-than-expected forecast came as the company predicted its sales will be the lowest in a… Read more →

Facebook civil-rights record hammered in own review

Image copyright EPA AFP GETTY IMAGES REUTERS BBC Facebook’s civil-rights policy is “too reactive and piecemeal”, leaving activists “frustrated and angry”, an audit commissioned by the company says. Details from a draft copy of the review, due to be published later, have been revealed by the New York Times. Facebook has already said it will not make “every change” called… Read more →

US firms create record 4.8 million jobs in June

Image copyright Getty Images The US economy created jobs at a record pace in June as firms took on more staff after the coronavirus downturn. Payrolls surged 4.8 million, the most since the Labor Department began keeping records in 1939, helped by the reopening of factories and restaurants. It follows May’s jobs rebound, when 2.5 million joined the labour market,… Read more →