A currency crash pushes the qana me to the brink. And along with Everything Else going on a giant asteroid is due to herschel to earth in the next few hours. The economic effects of the pandemic are being felt in many sectors of the Global Economy right now but aviation and oil in particular ahead in the biggest player after already announcing it would cut production by a 3rd and that the company was bleeding cash at an unprecedented speed and us has posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the European Aerospace company is warning it is quote the greatest crisis the industry has ever known its us rival boeings already announced plans to cut as many as 7000. 00 jobs with its chief executive predicting Global Airline revenues could drop over 300000000000 dollars this year and. The industry will take years to recover and in the u. K. British airways is set to cut up to 12000. 00 jobs which is around a 3rd of its workforce airlines suspended 96 percent of
Suchi over the persecution of a 100 muslims and a giant asteroid is hurtling past earth but close enough for astronomers to study it. Were looking at the economic effects of the corona virus pandemic this hour they are being felt in many parts of the Global Economy aviation and oil is specially and its hitting the big players airbus has already said its bleeding cash at an unprecedented speed and announced it would cut production by a 3rd now it has posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the european or a Swiss Company is warning this is quote the greatest crisis the industry has ever known its rival in the u. S. Boeing has already announced plans to cut 7000 jobs its chief executive predicts global revenues in the industry could drop by more than 300000000000 dollars this year and then 3 years after it will be in a recovery phase and in the u. K. British airways is set to shed up to 12000. 00 jobs which would be a 3rd of its workforce the airline has
Governor of Lebanons Central Bank is defending its organizations role during the economic crisis there are protests against lebanons deepening financial problems of turned violent for 2 nights in a row for the governor wants the blame pointed elsewhere he says the central bank only finances the government and is not responsible for how any of the money is actually spent. To me we hide nothing in the central bank of lebanon nothing is being done unilaterally in the central bank expenditure belongs to the Financial System in lebanon other than that it is an attack that i am not telling the truth to the public of lebanon in order to increase the campaign against the governor of the central bank sir hold that has more from beirut. A few days ago the lebanese Prime Minister even insinuated he went as far as to insinuate that the Central Bank Governor is tampering with Financial Stability for political gain said he was engineering the collapse of the currency to topple the government today w
Ignored risks to civilians in a drone strike in tripoli last november. Actually. Going un special rapporteur from the young mom calls out that ations leader Aung San Suu Kyi over the continued persecution of rohingya muslims. And well to what i call the problem of india act of funk rock dies at the age of 53. Its still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy are being impacted the Worlds Largest economy the United States has wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least 600000000. 00 while european rival air bus says that it lost more than half a 1000000000. 00 in the 1st quarter to europes largest economy will have the worst here since the end of world war 2. Germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop for quarter
Actually absolutely destroy the outgoing un special rapporteur of course Operations Leader Aung San Suu Kyi over the continued persecution of Rohingya Muslims im joining the with sporting doubts around the take here lympics is japans Prime Minister says it will be impossible to host the games next year unless the current virus pandemic is contained. Its still early days in the pandemic triggered world wide recession but we now have a better sense of how hard key sectors of the economy are being impacted the Worlds Largest economy the United States has wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing as reported losses of at least 600000000. 00 while european rival says that it lost more than half a 1000000000. 00 in the 1st quarter to europes largest economy will have the worst year since the end of the 2nd world war germany contracted by to. Percent in the 1st quarter but it