Business

Image copyright Reuters Thousands of flights have been cancelled worldwide as airlines struggle to cope with a slump in demand caused by the coronavirus outbreak. British Airways and Ryanair have both stopped all services to and from Italy until next month as the country goes into lockdown. Norwegian Air has said it will cut about […]

Image copyright Gridserve Image caption Gridserve plans to spend £1bn to build more than 100 electric charging forecourts Work has started on an electric vehicle charging forecourt that the company behind it says will be the UK’s first. It is being built on a 2.5 acre site at Great Notley, near Braintree, Essex, by sustainable

NEW YORK (AP) — U.S. stocks, oil and other financial markets around the world clawed back some of their historic plunge from a day before on hopes that the U.S. and other governments around the world will pump in more aid for the virus-weakened global economy. Investors welcomed Tuesday’s reprieve but weren’t pretending this is

Image copyright Getty Images Sales of freezers have spiked amid growing concern over the coronavirus, according to figures from online appliance firm AO.com. Freezer sales jumped 200% year-on-year last week, and Wednesday was its third highest sales day ever, AO.com said. Meanwhile, department store chain John Lewis said it had seen “a substantial uplift in

Image copyright PA Media Taxpayer-owned bank RBS will allow people affected by the coronavirus outbreak to defer mortgage and loan repayments for up to three months. The bank, which runs the RBS, NatWest, and Ulster Bank brands, also said savers could close fixed-term savings accounts early with no charge. This is designed to allow people

Image copyright Getty Images Image caption Laura Castelli made the comments to Radio Anch’io Mortgage payments will be suspended across Italy as part of measures to soften the economic blow of coronavirus on households, a minister has said. Laura Castelli, Italy’s deputy economy minister, told Radio Anch’io: “Yes, that will be the case, for individuals

Image copyright Getty Images Australia’s Qantas airline is making deeper cuts to its flights, with Asia and the US hit the hardest. The company said it would reduce international flights by nearly 25% as it sees demand fall from passengers worried about the coronavirus. Qantas and its budget airline Jetstar will reduce operations for the

Image copyright Getty Images Image caption A woman in Tokyo walks past an electronic quotation board displaying share prices Asian stock markets traded cautiously on Tuesday as investors came to terms with “Black Monday”. Global shares took a battering on Monday as they reacted badly to the threat of an oil price war breaking out.

Image copyright Getty Images Virgin Atlantic has confirmed it has been forced to operate some near-empty flights after bookings were dented by the coronavirus outbreak. It is operating the flights to try to retain take-off and landing slots at major airports such as Heathrow. Under European law, if flights are not operated, slots have to

Image copyright Adrian Toole Image caption Adrian Toole and his late daughter Joanna “I learn to cope but nothing will ever be the same again. I was at a party last night with people having fun, and it suddenly struck me that I’m no longer able to join in with things like that.” Adrian Toole