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Pret A Manger cut 2,800 jobs in virus restructuring

Bloomberg Pret a Manger Ltd cut 2,800 jobs in UK shops, about a third of its store employees there, in the latest sign that the pandemic is hurting the retail industry. Sales at British stores are down about 60% from a year earlier and are now roughly the same level as in August 2010, Pret said in a statement. A ...

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Aviation job losses may approach a half-million by year-end

Bloomberg The global aviation industry has racked up more than 350,000 job losses in the past six months, with more pain on the way, according to new research delving into the coronavirus pandemic’s impact on the once-buoyant sector. The total could approach half a million positions after including some 25,000 cuts that don’t fit into the main categories of airlines, ...

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India captures strategic posts in stealth move against China

Bloomberg India triggered the latest clash with China on their Himalayan border by executing a stealth night-time operation to claim strategic outposts offering a clear view of troop movements in disputed territory, according to Indian officials with knowledge of the matter. In what they called India’s first offensive move since the conflict began in May, thousands of soldiers climbed up ...

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