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Qantas to raise $1.3b, cut 6,000 jobs to survive virus

Bloomberg Qantas Airways Ltd will raise as much as A$1.9 billion ($1.3 billion) and cut at least 6,000 jobs as the coronavirus pandemic continues to keep carriers around the world largely grounded. The Australian airline said on Thursday also that 15,000 workers will remain furloughed, particularly those tied to international operations. The carrier’s entire fleet of 12 Airbus A380 superjumbos, ...

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Chuck E Cheese parent files for bankruptcy

Bloomberg CEC Entertainment Inc, the parent of Chuck E Cheese and Peter Piper Pizza, filed for bankruptcy protection after the coronavirus pandemic shuttered its locations and kept families at home. The filing in the Southern District of Texas US Bankruptcy Court makes CEC the latest in a string of companies upended by Covid-19. Lockdowns have drained revenue, keeping consumers at ...

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India, China face off at disputed border despite peace deal

Bloomberg Indian and Chinese troops remain in a standoff at their contested Himalayan border, days after both sides promised peace following their worst military clash in 45 years. About 50 square kilometres of land earlier controlled by India in the Pangong Tso area — a glacial lake at about 14,000 feet in the Tibetan plateau — is now being held ...

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