International Business and Company News | Business News
September 28, 2020

Business

Business

Australia witnesses its worst economic crisis

SYDNEY (AUSTRALIA) – Australia has hit its worst economic crisis on record last quarter as coronavirus restrictions have brought business activity to a standstill. The country’s A$2 trillion (1.10 trillion pounds) economy came down by 7% in the three months to end-June, according to data from the Australian Bureau of Statistics on Wednesday. Australia joins
Business

Schiphol group to slash several hundred jobs

AMSTERDAM (THE NETHERLANDS) – Royal Schiphol Group, which runs airports in the Netherlands, said on Friday it will slash several hundred jobs from its workforce of 3,000. This comes amid plummeting air traffic following the outbreak of the pandemic. In the first half, the firm recorded a decline of 62% in passenger traffic compared to […]