India aviation could lose over $3 billion in April-June quarter
NEW DELHI, NNA- India's aviation sector is expected to lose as much as $3.6 billion as it flies into a perfect storm in the first fiscal quarter.Battered by travel restrictions and the resultant economic downturn caused by the Covid-19 pandemic, the industry could incur disastrous losses of between $3.3 billion and $3.6 billion, according to April-June estimates by aviation consultancy firm CAPA India.Apart from the Indian government's suspension of all scheduled domestic and international flights till mid-April, forward bookings for domestic travel from May to July have nose-dived 80 percent ...
NNA Business News
McDonald's to donate 1 million N95 masks to Illinois health care workers
CHICAGO — McDonald’s plans to donate 1 million N95 masks to health care workers in Chicago and Illinois as concerns mount that hospitals will run out of safety gear to protect those on the front lines fighting COVID-19.The Chicago-based fast-food giant said it came across and purchased the stash of coveted N95 masks as it searched for nonmedical-grade masks to distribute to McDonald’s workers nationwide. The company plans to donate 750,000 of them to the city of Chicago and 250,000 to the state of Illinois.Local and state authorities across the country have been hunting for N95 masks amid repo...
Canada's oil-industry implosion could affect Enbridge's Minnesota pipeline project
As Enbridge nears it goal of building a controversial $2.6 billion pipeline across northern Minnesota, Canada’s oil industry is imploding.The U.S. is the largest market for Canadian oil, and Enbridge’s corridor of six pipelines across Minnesota is its primary artery. Enbridge has spent years navigating Minnesota’s regulatory process to build a new pipeline to replace its deteriorating Line 3.The Canadian oil crisis opens the door for a last-ditch effort by Line 3 opponents to persuade the Minnesota Public Utilities Commission (PUC) to rethink its approval of the $2.6 billion project.“There is ...
Star Tribune (Minneapolis)
With restaurants closed, chefs reinvent their food service methods
SAN DIEGO — Normally around this time of year, Barry Schneider has about 60 employees working for him in food service at the Del Mar Fairgrounds & Racetrack. But there’s nothing normal about this year.When the fairgrounds’ longtime executive chef returned from a two-week staycation on March 24, he walked into a kitchen idled by weeks of canceled events due to the COVID-19 pandemic.After 20 years in the job, Schneider wanted to find a way to keep working and provide jobs for some of his longtime chef team. So he came up with a plan to revolutionize the fairgrounds’ food service operations with ...
The San Diego Union-Tribune
Bronx Zoo tiger is first U.S. animal to test positive for coronavirus
NEW YORK — A tiger at the Bronx Zoo is the first animal to test positive for coronavirus in the U.S., officials said Sunday.Nadia, a 4-year-old female Malayan tiger, was tested “out of an abundance of caution” after coming into contact with an infected staffer who was asymptomatic, according to officials at the zoo.“This is the first time we know of, or from any of the people we’ve been in contact with, that an animal has gotten sick with COVID,” Paul Calle, chief veterinarian at the Bronx Zoo, told the Daily News.When Nadia began exhibiting symptoms of respiratory difficulties and other issue...
New York Daily News
New York City funeral homes hit hard by coronavirus deaths; 'The worst I ever saw,' says one funeral director
NEW YORK — New York City’s funeral homes are so inundated with the bodies of people who’ve perished from coronavirus that some have been forced to stop making arrangements for mourning families.John D’Arienzo, who runs a Brooklyn funeral home and is president of the Metropolitan Funeral Directors Association, said it’s like nothing he’s seen in his nearly 40 years in the business.“It happened all at once (last Thursday). At a certain point, we couldn’t help anybody,” he told the Daily News on Friday. “I had to tell at least five families that we couldn’t help them. It’s a horrible thing for a ...
New York Daily News
Pandemic hits M&A activity in India, Asia Pacific
By Atul RanjanNEW DELHI, NNA - Corporate deal making in India is facing the brunt of the ongoing global Covid-19 pandemic with the overall merger and acquisition (M&A) activities involving Indian companies declining 14 percent to $23.2 billion in the first quarter (Jan-March) of 2020 over the same period last year, according to Refinitiv, a global financial market data and infrastructure provider.Only 433 deals were sealed, a drop from 504 in the corresponding period last year to its worst performance since 2016.“Corporate deal making activity in India has been hampered as the coronavirus pand...
NNA Business News
Pound Under Pressure as U.K. Services Suffer Worst Month Ever
Investing.com -By Yasin EbrahimInvesting.com – The pound continued its selloff against the dollar on Friday, as the U.K. services sector suffered its worst month on record, exacerbating fears about the strength of the economy at a time when business activity has ground to a halt following a nationwide lockdown last week.GBP/USD fell 1.15% to $1.2249 after hitting a high of $1.2411 on the day.IHS’s Markit’s services purchasing managers’ index, which measures the change in monthly sector activity, fell to reading of 34.5, the worst ever recorded.With restaurants, pubs and other businesses set to...
Call centers become front line of banks' COVID-19 battle as first workers test positive
CHARLOTTE, N.C. — With millions of Americans unemployed as a result of the COVID-19 pandemic, bank call centers are swarmed with thousands of requests to delay mortgage payments, get fee waivers and help people sort out the biggest economic dislocation in recent memory.On top of that, their branches are generally thought of, by both the public and government as “essential,” meaning they have to figure out a way to keep them open, hygienic and safe.And after Wells Fargo disclosed this week that two workers tested positive for the virus at its large customer service campus in Charlotte, N.C., an...
The Charlotte Observer
Staffing agency Copro opens Singapore unit to source construction engineers for Japan
SINGAPORE, NNA – Japanese staffing agency Copro-Holdings Co. opened a Singapore unit on Wednesday to find and train construction engineers in Southeast Asia to address a labor shortage in Japan.Copro Globis Pte. Ltd., the firm’s first overseas unit, will work toward sourcing engineers and building a profitable business model to arrange talents for Japanese and other Asian firms, it said in a statement on Tuesday. The wholly-owned Singapore unit has capital of 25 million Singapore dollars ($17.5 million).The move comes as Japan falls short of manpower in a variety of sectors due to an ageing an...
NNA Business News