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...
Ukrainian President Volodymyr Zelensky said Monday he tested positive for the novel coronavirus but felt fine as infections surged in the country. “Despite all quarantine measures, I also had a positive test,” Zelensky said on Facebook. The 42-year-old leader said that his temperature was 37.5C but that he felt “good”. He will self-isolate and continue to perform his duties, he added. “Most people overcome Covid-19. And I will get through this too,” he said. The head of Zelensky’s office Andriy Yermak also said that he had contracted the coronavirus. In June, Zelensky’s wife Olena Zelenska was hospitalized after contracting the virus but has recovered. On Saturday, the ex-Soviet country of 40 million people reported a record of 10,746 new coronavirus infections. Ukraine, one of Europe’s po...
As Ethiopia’s Prime Minister Abiy Ahmed replaces his army chief on Sunday amid an escalating conflict in the northern Tigray region, here are the key developments since Abiy came to power in 2018: First leader from biggest ethnic group In February 2018, prime minister Hailemariam Desalegn resigns after several years of anti-government protests. In April, Abiy is sworn in as premier, becoming the first leader from the Oromo ethnic group, Ethiopia’s largest. Ethnic divisions Oromos and the country’s second-biggest group, the Amharas, had fuelled the protest movement over perceived marginalisation at the hands of the ruling coalition, dominated by the Tigrayan group. But with the authoritarian coalition now dissolved, ethnic violence has emerged as a persistent problem under Abiy, regularly r...
Zlatan Ibrahimovic scored an acrobatic late winner as AC Milan consolidated top spot in Serie A with a 2-1 win over Udinese on Udinese. The 39-year-old has scored seven goals in four league games played having missed the other two after contracting coronavirus. Stefano Pioli’s side are top of the table with 16 points from six games, four points ahead of Atalanta. Champions Juventus are sixth — seven points behind AC Milan — before Sunday’s game against promoted Spezia where Cristiano Ronaldo starts on the bench after testing negative for Covid-19. Magic from Zlatan Ibrahimović! 🙌 Just when his team needed it, he came up with an acrobatic finish which will likely seal the win for Milan 🔥 pic.twitter.com/oNPtU0KCdo — Premier Sports 📺 (@PremierSportsTV) November 1, 202...
Most of the looted palliatives in warehouses across the nation were awaiting distribution to over 2 million vulnerable households, the private sector-led Coalition Against COVID (CACOVID) has explained. In a statement on Monday night, CACOVID said: “The sheer scale of this nationwide food programme and the timing of the orders and deliveries, which coincided with the lockdowns and reduced movement across the country, compelled CACOVID to roll out distribution in a staggered manner”. CACOVID maintained: “The very large size of the order, and the production cycle required to meet the demand, caused delays in delivering the food items to the States in an expeditious manner; hence the resultant delay in delivery of the food palliatives by the State Governors”. For instance, “rice had to be mil...
Reuters Marcus Rashford has launched an online petition calling on the United Kingdom government to provide free school meals for more children. In June, the Manchester United striker successfully lobbied the government to extend its policy of providing free school meals for underprivileged children into the summer months through the school holidays. The 22-year-old also partnered with FareShare and helped to raise £20million to help provide free meals to those in need amid the coronavirus pandemic, while he has since worked with supermarkets and food brands to create a taskforce with the aim of tackling child food poverty. Rashford’s work in helping to tackle child hunger led to the England international being awarded an MBE in the Queen’s Birthday Honours, after which he vowed to continu...
Manchester United’s victory against PSG in the Champions League has seen the club win 10 consecutive away games for the first time in their history. A late winner from Marcus Rashford saw the Red Devils win 2-1 against the Parisians at the Parc des Princes – the scene of their famous Champions League win versus PSG in 2019. Ole Gunnar Solskjaer’s side have now won their last 10 matches on the road, dating back to the 2-1 extra-time win against Norwich City in the FA Cup on June 27. Since Harry Maguire’s 118th minute to sink the Canaries, United have beaten Brighton (three times), Aston Villa, Crystal Palace, Leicester City, Luton Town, Newcastle United and now PSG. The victory against PSG was arguably the best performance of the Red Devils’ streak, with United having more shots on target t...
Agence France-Presse German Chancellor Angela Merkel is to speak with Chinese President Xi Jinping on Monday as part of high-level talks between Beijing and the European Union that should reinvigorate stalled talks on an investment pact. The EU wants to agree on a plan to wrap up the deal, according to a high-ranking EU official, with the goal being to conclude negotiations by the end of the year. The European Commission has been negotiating with China on an investment agreement for more than six years. But Brussels wants further concessions from Beijing on market access and assurances for EU companies. From the EU side, Commission President Ursula von der Leyen and European Council Charles Michel are to participate in the video meeting, with an agenda covering climate change, economic and...