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5 04, 2020

Global cruise ship fleets lose US$4 billion in value as coronavirus pandemic idles industry, halving the number of vessels at sea

By | 2020-04-05T02:00:16+00:00 April 5th, 2020|Business|Comments Off on Global cruise ship fleets lose US$4 billion in value as coronavirus pandemic idles industry, halving the number of vessels at sea

Cruise ships, which can cost upwards of US$1 billion each, have begun to fall in value as buyers and investors shun the once-lucrative industry that has lost its appeal amid the Covid-19 pandemic.The global cruise ship fleet comprising 483 vessels has ...

4 04, 2020

Jobs are being destroyed around the world as coronavirus pandemic pushes one economy after another into recession

By | 2020-04-04T08:08:10+00:00 April 4th, 2020|Business|Comments Off on Jobs are being destroyed around the world as coronavirus pandemic pushes one economy after another into recession

The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. As the International Labour Organisation warns of almost 25 million la...

4 04, 2020

Chinese banks face double threat of more bad debt, lower margins amid worsening coronavirus pandemic

By | 2020-04-04T02:30:14+00:00 April 4th, 2020|Business|Comments Off on Chinese banks face double threat of more bad debt, lower margins amid worsening coronavirus pandemic

After posting better-than-expected results for 2019, Chinese banks face the prospect of worsening asset quality and pressure on profits this year, as the coronavirus pandemic takes a toll on the global economy, bankers and analysts said.With the pandem...

4 04, 2020

Relevant lessons from climate change and a global pandemic in the 19th century

By | 2020-04-04T00:45:14+00:00 April 4th, 2020|Business|Comments Off on Relevant lessons from climate change and a global pandemic in the 19th century

Two hundred and five years ago this month, Mount Tambora erupted on the Indonesian island of Sumbawa with a force the Earth had not felt before in the whole of human recorded history. It belched millions of tonnes of rock, ash and gas in April 1815, se...

2 04, 2020

In-bound tourism spend set to plummet 70%

By | 2020-04-02T18:00:00+00:00 April 2nd, 2020|Business|Comments Off on In-bound tourism spend set to plummet 70%

Less than €1.6bn is expected to be spent in Ireland by visiting tourists this year. The figure is down nearly 70% on the €5.1bn that flooded into the economy in 2019 as the spread of Covid-19 continues to hammer the travel industry.