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Pandemic Bankruptcies So Far. Retailers were having a tough time even before the pandemic, and a notable number of companies waved the white flag as COVID-19 decimated not just retail but other ...
These companies have had to let workers go due to struggles and other issues brought on by the coronavirus.
COVID-19 has been bad news for most companies, especially many long-standing bricks-and-mortar retail chains now struggling to survive.But while many have weathered a major downturn, plenty of ...
In January 2021, Lufthansa AG CEO Cartsen Spohr stated all the Airbus A340s will be retired permanently and also stated that the eight remaining Airbus A380s and eight remaining Boeing 747-400s (both of which are currently in long-term storage) could also be eligible for permanent early retirement due to the COVID-19 impact on aviation as both ...
The Pandemic Emergency Purchase Programme (PEPP) was a monetary policy initiative launched by the European Central Bank (ECB) in March 2020 to mitigate the economic impact of the COVID-19 pandemic. Its primary goals were to maintain price stability, ensure favorable financing conditions across the eurozone, and safeguard the transmission of ...
Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
The travel & retail industries have been hit particularly hard.
The $116 billion in extra COVID-19 profits that Jeff Bezos and the Walton family hoarded in 2020 is 35 times the amount the two companies awarded their workers in hazard pay in the same year.
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related to: companies that are currently struggling with coronavirus pandemic