Tag: cut

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Coronavirus: Australian interest rates cut to historic lows

In the climate of uncertainty that the coronavirus epidemic weighs on the economy, the Australian central bank has taken action. The Reserve Bank of Australia (RBA) announced on Tuesday that it will lower its key rate from 0.75% to 0.50%, its lowest level in history. The expansion of the coronavirus “obscures” the horizon of world ….  Read More

300 unemployed Air New Zealand pilots, wages cut for 900 others | LNC.nc

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300 unemployed Air New Zealand pilots, wages cut for 900 others | LNC.nc

| Created on 12.05.2020 at 10h16 | Updated on 12.05.2020 at 10h47 To print This is one of the many repercussions of the coronavirus health crisis on economic activity. Thursday, May 7, the New Zealand Airline Pilots Association (NZALPA) announced that 300 pilots of Air New Zealand have lost their jobs. The other 900 saw ….  Read More

Coronavirus update: Donald Trump says he will end WHO funding, Jacinda Ardern announces salary cut, France kills 15,000

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Coronavirus update: Donald Trump says he will end WHO funding, Jacinda Ardern announces salary cut, France kills 15,000

Updated April 15, 2020 14:19:28 Photo: New Zealand’s GDP is expected to fall 7.2% in 2020. (AP: Kyodo News) Donald Trump said he was suspending funding for the World Health Organization, Jacinda Ardern announced that she would take a pay cut given the economic hardship in New Zealand, and the Tour de France was postponed ….  Read More

F1: McLaren drivers cut wages following coronavirus crisis

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F1: McLaren drivers cut wages following coronavirus crisis

Spanish Carlos Sainz Jr (phone) and Briton Lando Norris during a selfie session with fans in Melbourne, March 13, 2019PETER PARKS Formula 1 drivers Carlos Sainz Jr and Lando Norris are cutting wages to limit the economic impact of the coronavirus pandemic on their stables, a spokesperson for McLaren and Sainz himself confirmed on Thursday. ….  Read More

F1: McLaren drivers cut wages following coronavirus crisis

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F1: McLaren drivers cut wages following coronavirus crisis

Formula 1 drivers Carlos Sainz Jr and Lando Norris are cutting wages to limit the economic impact of the coronavirus pandemic on their stable, a McLaren spokesperson confirmed on Thursday. Formula 1 drivers Carlos Sainz Jr and Lando Norris are cutting wages to limit the economic impact of the coronavirus pandemic on their stable, a ….  Read More