Thousands of flights cancelled as demand disappears

Thousands of flights have been canceled worldwide to cope with the slump in demand caused by the coronavirus. Ryan Air will stop services to and from Italy from Friday 8 April, BA scrapping its routes until 4 April as Italy goes into total lockdown. Easy Jet has cancelled all of its flights to and from…

Jingye completes acquisition of British Steel saving 3, 200 jobs

Jingye who completed the acquisition of British Steel saving 3200 jobs, but the rescue deal give only control of the manufacturer’s British and Dutch sites not its factory in Hayange, in northern France. Li  Huiming CEO of Jingye. British Steel’s Hayange plant is deemed a strategic national asset by France as it supplies rail for…

60m people of Italy placed under lockdown as death toll surpass 463

The entire population of Italy are told to stay at home to curb the coronavirus outbreak and seek permission for essential travel. Prime Minister Giuseppe Conte  said the measures were designed to protect the most vulnerable “There is no more time”. Italy’s coronavirus death toll lappet from 366 to 463 on Monday as cases of…

Saudi’s launch oil price war

Saudi Arabia has launched an oil price war targeting its biggest rivals to swamp the crude market with supplies at deep discounts to win new customers next month, a move that would send crude prices tumbling and expected to ripple through the US Junk bond market, where shale producers have borrowed billions of dollars recently.…

Italy’s Covid -19 toll crosses 366

Italy which has one of the world’s oldest populations,  366 people have died  and 7375 infected from the coronavirus outbreak Although some transport in and out of the regions affected continued on Sunday, flights still arrived at Milan’s Malpensa and Linate airports. Italy’s national carrier Alitalia said it would suspend all operations from Malpensa from…