Rolling coverage of the latest economic and financial news, as one of Europe’s top budget airlines unveils major job cuts due to the coronavirus outbreak
Investors in Europe are again shrugging off tensions in Hong Kong, extending an upward run on stocks since Tuesday.
Here’s now major indices have opened:
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EasyJet has laid out fresh cost cutting plans that will involve axing up to a third of its 15,000-strong workforce in response to the Covid-19 crisis. EasyJet said its fleet will also involve 51 fewer aircraft than expected by year-end 2021.
Continue reading… Source: The Guardian: EasyJet to cut up to 30% of workforce, shrink fleet amid Covid-19 crisis – business live ———