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UK’s response to virus has been world-class

When the discussion turns to which countries have responded best to Covid-19 — and if nothing else, the pandemic frees up a lot of time for this debate — those most often mentioned are Taiwan, New Zealand and Vietnam. I would like to make a more surprising nomination: the UK Covid-19 is a potential scourge to billions around the globe, ...

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Cathay Pacific delays Airbus deliveries to stem cash drain

Bloomberg Cathay Pacific Airways Ltd will delay deliveries of Airbus SE aircraft by as much as two years, in a move that could cut the carrier’s monthly cash losses in half as the coronavirus pandemic slams the aviation industry. Deliveries of A350-900s and A350-1000s have been deferred to 2020-2023 from 2020 and 2021, while A321neo deliveries have been pushed back ...

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Lockheed’s new CEO Jim Taiclet rules out commercial aerospace

Bloomberg Lockheed Martin Corp’s new chief executive officer, Jim Taiclet, is prowling for deals amid the coronavirus pandemic and economic downturn. Just don’t expect the world largest military contractor to rummage for bargains in the distressed commercial aerospace industry, where Boeing Co and its suppliers are grappling with an unprecedented collapse in air travel. “Pure-play defense is going to be ...

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