The global syndicate is quickly deteriorating.
LONDON (Reuters) - "British employers have put more than a million staff on temporary leave due to the coronavirus, finance minister Rishi Sunak said, reporting a flood of applications since the government's costliest programme to support the economy opened.
The scheme will pay 80% of employers' wage bills until the end of June for staff suspended during the coronavirus lockdown, and it received 140,000 applications from firms in the first eight hours it was open on Monday.
"The grants … will help pay the wages of more than a million people - a million people who if they hadn't been furloughed would have been at risk of losing their jobs," Sunak said at the government's daily news conference."
money.usnews.com/investing/news/articles/2020-04-20/over-a-million-uk-workers-furloughed-due-to-coronavirus-finance-minister
"Australia’s second-biggest airline Virgin Australia entered administration following its failure to secure a A$1.4bn ($886m) bailout from the government, becoming the nation’s highest-profile corporate victim of the coronavirus crisis.
The carrier said on Tuesday that it had appointed Deloitte to look for investment to recapitalise the debt-laden group, which is the main competitor to Qantas Airways in Australia with just over 30 per cent market share.
Virgin said it would continue to operate scheduled flights and would retain existing management led by Paul Scurrah, chief executive, during the restructuring.
The collapse of Virgin is the biggest shake-up in Australian aviation since Ansett Australia went bust in 2001, leaving Qantas with a near monopoly. Singapore Airlines, Etihad, HNA and China’s Nanshan Group each own about 20 per cent while Richard Branson’s Virgin Group holds 10 per cent."
ft.com/content/a40bade6-dc6d-4247-943e-6d902db23414
Rather than CNN making it up, I think that they, or their 'inside source', was listening in on Trump's phonecall, and were fed a bit of disinformation. He has been accusing the media of doing that in the last couple press conferences.
Serious charges in there…I hope that is accurate!
Richard Branson is also looking horrible.
news.com.au/travel/travel-updates/health-safety/virgin-australia-collapse-richard-branson-hits-out-at-australian-government/news-story/16aeb4a6866f19dd070589494ea9f48b