Image copyright AFP British Airways pilots have voted to accept a deal that will temporarily cut pay by 20% and eliminate 270 jobs, says the pilots’ union Balpa. The deal prevents a controversial “fire and rehire” scheme where staff would have been handed new contracts “on worse conditions”. The 20% pay cuts will reduce to 8% over two years and… Read more →
Image caption Elon Musk, Kim Kardashian and Barack Obama are among victims of the hack A man living in Bognor Regis – on the UK south coast – is one of three individuals charged over a major Twitter hack, according to the US Department of Justice. Californian authorities filed felony charges against Mason Sheppard, 19. A teenager in Tampa and… Read more →
Image copyright Royal Welsh Show Image caption The show normally offers Christmas shopping as well as the traditional livestock events The Royal Welsh Winter Fair has been cancelled due to the coronavirus pandemic, organisers have confirmed. The event was due to be held at the Royal Welsh Showground at Llanelwedd, Powys, from 30 November to 1 December. The Royal Welsh… Read more →
Image copyright TOLGA AKMEN Restaurant chain Byron Burger is closing permanently more than half its 51 outlets and cutting 650 jobs. It is part of a deal that will see the remaining 20 sites and 551 staff transfer to a new owner, Calverton UK. Many of the restaurants were already closed, victims of the economic impact on the hospitality sector… Read more →
Image copyright PA Media Image caption Under current restrictions, beauty salons can do nails but not eyebrows The decision to delay a further easing of coronavirus restrictions in England is “a hammer blow” to companies and consumers, says one business group. The delay means that places such as casinos and bowling alleys, which had been due to open on 1… Read more →
Image copyright Getty Images Travel company Tui has extended its cancelation of trips to Spain and its islands. It has now cancelled all holidays to the Balearic Islands and Canary Islands until 10 August and all holidays to the mainland of Spain until 17 August. The move is in response to advice against non-essential travel to Spain and a 14-day… Read more →
Image copyright EPA House prices bounced back in July, climbing 1.7% during the month compared to a 1.5% fall in June, according to the Nationwide. “The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions,” it said. Activity has been boosted by pent-up demand and the stamp duty holiday. But… Read more →
Image copyright Reuters Image caption Spain’s economy has been ravaged by the virus Spain has been plunged into its deepest recession in modern times by the coronavirus pandemic. Its economy shrank by 18.5% in the April-to-June period, having already fallen by 5.2% in the first three months of the year. The country was the worst performer in the eurozone, which… Read more →
Image copyright Reuters Image caption Chief executive Alison Rose was appointed in 2019 Banking giant NatWest Group has put aside another £2.1bn in case more people and firms default on loans because of the pandemic. That meant it reported a £770m loss for the first half of 2020. Last year it made a £2.7bn profit. Earlier this month, chief executive… Read more →
Image copyright EPA British Airways owner IAG has said it will take until at least 2023 for passenger levels to recover from the impact of the coronavirus pandemic. IAG, which also owns Aer Lingus, posted a loss of €4.2bn (£3.8bn) in the first half of the year as demand for air travel collapsed amid the pandemic. Passenger numbers were down… Read more →