Business Business

In another dreadful week for workers in the aviation industry, Airbus said it would cut 15,000 jobs, about a tenth of its total, because it does not expect demand for its aircraft to return to pre-covid levels until at least 2023, or possibly 2025. The announcement was lambasted in France, where the government has dispensed…

Read More
Business PRESS DIGEST-British Business

July 3 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – Britain’s Casual Dining Group said that 91 of its 250 restaurants had been closed with immediate effect after the appointment of administrators…

Read More
Business Business this week

In another dreadful week for workers in the aviation industry, Airbus said it would cut 15,000 jobs, about a tenth of its total, because it does not expect demand for its aircraft to return to pre-covid levels until at least 2023, or possibly 2025. The announcement was lambasted in France, where the government has dispensed…

Read More
Business Russia extends ban on international flights until August

MOSCOW, July 2 (Reuters) – Russia has extended a moratorium on international flights until Aug. 1, the RBC business daily reported on Thursday. Russia, which has so far recorded more than 660,000 cases of the novel coronavirus, in March grounded all international flights, except for those repatriating Russians and those transporting foreign citizens home. Last…

Read More
Innovation Italian Mill Majocchi Takes Material Innovation to the Next Level

The unsung heroes of textile, Italian fabric manufacturer Majocchi reaffirms its place as the industry’s leading fabric partner. Regularly supplying the world’s hottest brands, from Supreme and YEEZY to Stone Island and A-Cold-Wall*. As part of its Fall/Winter 2021 fabric offering, Majocchi has developed a plethora of innovative materials, pushing textile boundaries with high tenacity…

Read More