Swan’s big “insider guy” energy seemed to help this time around. To me, the whole interview felt a little bit like being a fly on the wall in the kind of “on background” conversations journalists have all the time with sources. Swan is not a TV host, so his delivery was sort of ambling and chatty, which seemed to help. He pushed back, but he also got on Trump’s level and gave the president all the rope he needed. … [Read more...] about Who is Jonathan Swan, the reporter who grilled Trump? And what do kangaroos have to do with it?
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Aviation industry buckles up for turbulent times Virus drives airlines to 'worst' year on record How recession means jets end up in 'boneyards' The US filing is tied to a separate action filed in a British court, where Virgin Atlantic obtained approval on Tuesday to convene meetings of affected creditors to vote on the plan on 25 August. … [Read more...] about Coronavirus: Crisis-hit Virgin Atlantic files for bankruptcy
Beyond the immediate problems of debt and debt reissuance, Argentina has basic economic problems to contend with. The country's economy is expected to contract by 10% this year and with a currency crisis and spiraling inflation on top of the chaos of the pandemic, there is obviously no one-size-fits-all deal that will pull it to safety. The road ahead remains long and treacherous. … [Read more...] about Argentina’s debt restructuring deal explained
"Airlines have been given exactly what the chancellor, the prime minister, economists and the public said they should not be given - billions in cheap and easy loans to keep them polluting, without any commitments to reduce their emissions or even keep their workers on the payroll," said Fiona Nicholls from Greenpeace. … [Read more...] about Coronavirus: Government under fire for cheap loans to big firms
464,393 loans worth £14.18bn have been approved under the Bounce Back Loan Scheme, which allows small to medium-sized businesses to borrow up to £50,000. 40,564 loans worth £7.25bn have been approved through the Coronavirus Business Interruption Loan Scheme, where small to medium-sized companies can access funding up to £5m. … [Read more...] about Coronavirus: Bosses’ bonuses banned in exchange for virus loans