Airbus decides to settle allegations of bribery and corruption
Airbus, Europe's largest planemaker, has agreed to a settlement with the British, French and American governments due to allegations of corruption and bribery. The company was also accused of violating the U.S. International Traffic in Arms Regulations. It is currently unknown if the company will face any other penalties or what the settlement amount is.
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ReutersRelated Articles
SBA watchdog probes small business loans as scrutiny intensifies
In his letter, Ware said the SBA inspector general's office started reviews of the PPP and the Economic Injury Disaster Loan program on April 24. “The Criminal Division’s Fraud Section is working with our law enforcement partners, the Small Business Administration and banks processing loans under the Paycheck Protection Program to identify outliers in the data," DOJ spokesperson Peter Carr said.
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Politico
60 million jobs across the EU and the UK are at risk
McKinsey released a report mentioning that around 60 million jobs across the European Union and the United Kingdom are at risk from the Coronavirus pandemic. The consulting firm warns in a report published Monday that the EU unemployment rate could soar from around 6% to more than 11% and remain elevated for years if the disease is not quickly contained. Some 55 million workers are employed in high-risk professions
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CNN
Europe moves closer to using crisis fund to help countries hit by the coronavirus pandemic
There is growing optimism that euro zone finance ministers will approve new funding to the countries wrestling with the coronavirus pandemic, but division over so-called "corona bonds" is likely to remain.
The three officials suggested ministers are likely to approve a credit line through the region's crisis fund — the European Stability Mechanism (ESM).
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Google
EasyJet fleet permanently grounded due to COVID-19 crisis
The UK airline EasyJet has announced that due to the coronavirus crisis it is completely shutting down its operations for the next two months, with its entire fleet of airplanes grounded and payments for 107 new Airbus planes tabled for the foreseeable future. EasyJet will reduce 4.5 billion GBP in spending, laying off 4,000 of its 9,000 strong workforce in the UK, and will not be seeking government aid.
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TheGuardian