Funding
US election: Donald Trump makes first appearance since ‘defeat’
US President Donald Trump makes his first official post-election appearance Wednesday for what should be a moment of national unity to mark Veteran’s Day, now marred by his refusal to acknowledge Joe Biden’s win. The president visited Arlington National Cemetery around 11:00 am, four days after US media projected his Democratic rival would take the White House. Since then he has not addressed the nation other than via Twitter, and has not conceded to Biden, as is traditional once a winner is projected in a US vote. And with Covid-19 cases shattering records across the country and states imposing new restrictions in a push to contain the virus before winter arrives, Trump seems to have all but shelved normal presidential duties. Instead, he has remained shut up inside the presidential mansi...
Norwegian Air furloughs staff, pleads for help to survive in 2021
Norwegian Air’s cash crisis could force the debt-laden budget airline to halt operations early next year, the company warned as it issued another plea for rescue funding after reporting quarterly results on Tuesday. The rapid expansion of the pioneer in low-fare transatlantic flights has left it with heavy debts and problems that have been compounded by the COVID-19 pandemic. It is now serving domestic routes only, with just six of its 140 aircraft flying. “Norwegian is dependent on additional working capital in order to continue operating through the first quarter of 2021 and beyond,” the carrier said. The company held cash and cash equivalents of 3.4 billion kroner ($380m) at the end of September, down from 4.98 billion kroner ($550m) three months earlier. Its latest plea comes after Nor...
