UK airline Flybe is almost bankrupt due to the coronavirus
The flagging UK airline Flybe has been driven to the brink of bankruptcy due to the coronavirus outbreak's negative effect on bookings, which has made situations worse for the financially troubled company. Flybe estimates it has enough funds to survive until the end of the month, after which it will need the UK government to release funds to ensure its survival, a move that faces fierce opposition from rival airlines.
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Bank of England holds interest rate at 0.1%
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Moderna, Pfizer Start Decisive Covid Vaccine Trials
Moderna Inc and Pfizer Inc launched two 30,000-subject trials of COVID-19 vaccines that could clear the way for regulatory approval and widespread use by the end of this year, the companies said on Monday. The trials, both announced on Monday, are the first late-stage studies supported by the Trump administration's effort to speed development of measures against the novel coronavirus.
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Australia expects the biggest budget deficit since World War II
Coronavirus pandemic has ended the three-decade growth of Australia as its budget deficit is expected to deepen significantly. The government said its budget deficit is forecast to deepen significantly to 85.8 billion Australian dollars ($61.27 billion) in the financial year that ended on June 30 and further widen to 184.5 billion ($131.78 billion) in the new fiscal year, biggest since the World War II
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India’s biggest airline to layoff 10% of staff
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BBC