May 26, 2020

Latin America's largest airline LATAM files for bankruptcy in US

Latin America’s Largest Airline LATAM Files For Bankruptcy In US

May 26, 2020 4:43 pm

Latin America’s largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.

The world’s travel and tourism sectors have been hammered by the contagion, as they are directly affected by border closures and population lockdowns.

“Given the impact that the COVID-19-generated crisis has had on the aviation industry, LATAM has been forced to make a series of extremely difficult decisions in the past few months,” said the airline’s chief executive Roberto Alvo in a video statement.

Read Also: Rolls-Royce Cuts 9,000 Jobs

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Turkey Police Fire Tear Gas On Women Protesters

Hong Kong Leader Reassures Investors Rattled By China Law

May 26, 2020 4:40 pm

China’s plans to impose a new security law on Hong Kong will not erode freedoms, the city’s leader said Tuesday, as she tried to reassure international businesses and foreign governments alarmed by the proposal.

Chief Executive Carrie Lam said the controversial law would “only target a handful of lawbreakers” but she would not be drawn on what actions and opinions would be deemed illegal once the legislation is passed.

Her comments came as the commander of China’s military garrison in Hong Kong warned the law would “punish any acts of separatism”.

Read Also: Thousands Protest In Hong Kong Over China

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McLaren says to cut 1,200 jobs due to pandemic

McLaren Says To Cut 1,200 Jobs Due To Pandemic

May 26, 2020 4:39 pm

British Formula 1 team and supercar maker McLaren said Tuesday it plans to cut 1,200 jobs after the coronavirus crisis hit sales.

“We deeply regret the impact that this restructure will have on all our people, but especially those whose jobs may be affected,” the group’s executive chairman Paul Walsh said in a statement.

Walsh said the cuts “will have a significant impact on the shape and size of our F1 team”.

British media reports said about 70 of the racing team’s 800 jobs will be eliminated by the restructuring plan.

“It is a course of action we have worked …

UEFA Gives Romania Another Week To Submit Restart Plan

UEFA Gives Romania Another Week To Submit Restart Plan

May 26, 2020 4:39 pm
European soccer’s governing body, UEFA has given the Romanian football federation (FRF) until June 1, to submit plans on how it intends to complete the domestic season, the FRF has said.

UEFA last month gave European leagues an initial May 25 deadline to submit plans but the FRF requested an extension after the Romanian government said it was assessing the COVID-19 situation every two weeks.

“UEFA has approved FRF’s request – the deadline for announcing the resumption plan has been extended until June 1,” the FRF said.

Read Also: Pochettino Wants To Return To Premier League

The federation added that …

UK Minister Douglas Ross Quits Over Dominic Cummings Row

UK Minister Douglas Ross Quits Over Dominic Cummings Row

May 26, 2020 4:37 pm

A UK minister, Douglas Ross has resigned as public anger deepens over PM Boris Johnson’s top aide Dominic Cummings’ breaching of the coronavirus lockdown.

Ross, the Minister for Scotland and a Tory whip, announced Tuesday on Twitter he is quitting because he was unconvinced by Mr Cummings’ defence of the journey to Durham.

Read Also: “An Insult”: Johnson Risks Party Wrath For Backing Aide Cummings

“I haven’t commented publicly on the situation with Dominic Cummings as I have waited to hear the full details.

“I welcome the statement to clarify matters, but there remains aspects of the explanation which I

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“I’m Back” - Mike Tyson Offered Upward Of $20M To Fight Again

“I’m Back”: Mike Tyson Offered Upward Of $20M To Fight Again

May 26, 2020 11:38 am

For some reason, there are people out there who think it’s a good idea to fight Mike Tyson.

However, one challenger is now ready to put his money where the former champ’s fist might wind up.

“I think I know what we need to do to make this thing happen,” Bare Knuckle Fighting Championship president David Feldman told Bleacher Report, which reported that the organization is set to offer Mike Tyson more than $20 million to come out of retirement.

The 53-year-old Brooklyn native hasn’t fought in 15 years, but video or recent workouts showing Iron Mike training with the …

South Africa’s Currency Climbs To 8 Week High Against Dollar

South Africa’s Currency Climbs To 8 Week High Against Dollar

May 26, 2020 11:36 am

South Africa’s rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from the COVID-19 pandemic boosted riskier assets, with investors looking past Sino-U.S. trade tensions.

At 0605 GMT, the rand traded at 17.4700 per dollar, 0.91 percent firmer than its previous close.

The currency was at its strongest since March 27.

Read Also; South Africa’s Daily COVID-19 Cases Surpass 1,000 Mark

“The optimistic recovery narrative is holding within markets, keeping the dollar subdued and seeing the rand remain on a stable footing following last week’s rally,” Bianca …

Kano State Abandons Govt’s COVID-19 Palliatives Under Sun

Kano State Abandons Govt’s COVID-19 Palliatives Under Sun

May 26, 2020 11:35 am
Federal Government’s grains meant for palliative in Kano State have been left wasted under the sun and in the rain in the state.

The 139 trucks of grains that were sent to Kano late two weeks ago were kept at an open place at the premises of Kano Agricultural Supply Company [KASCO] around Firm Center in Kano and not covered by officials.

The Federal Government two weeks ago delivered the food items as palliative to the state to be distributed to the vulnerable and the poor due to the devastating effect of COVID-19 lockdown.

Read Also: FG’s Palliatives Huge

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Nigerian Officials In Trouble As FG Probes Leakage Of Memos

Nigerian Officials In Trouble As FG Probes Leakage Of Memos

May 26, 2020 11:35 am

President Muhammadu Buhari’s government has reacted angrily to the leakage of memos to the public allegedly by government officials.

The Nigerian government bemoaned that state documents, including classified ones, were being sent out by public officers.

Announcing that the matter is under investigation, it described the development as, “embarrassing.”

Read Also: FG’s Palliatives Huge Scam, Give Account – PDP Dares Buhari

The federal government declared that perpetrators will be dismissed and prosecuted.

Head of Civil Service of the Federation, (HOSF) Folasade Yemi-Esan, gave the admonition in a circular to the presidency, ministries, departments, agencies, security agencies, among others.

The circular

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How The American Idiot Made America A Failed State

How The American Idiot Made America A Failed State

May 26, 2020 11:34 am

A death toll approaching 100,000 lives. A Greater Depression on the cards. A nation “reopening” despite all that. Congress offering no real support or aid, gridlocked. A lunatic President telling people to inject bleach. Guess what he’s doing this weekend? Golfing. Do I really need to go on?

About a decade ago, I did something unusual. I warned that America was on the way to becoming a failed state, in the august pages of Harvard Business Review. Now, the reaction was swift and furious. Americans tend to react to things they don’t like in the only way they know …

Adesina Sends Message To AfDB Stakeholders

AfDB Feud: The Bell Tolls Not For Adesina But For Africa

May 26, 2020 9:45 am

COVID-19 is severely testing Africa’s social, economic and political resilience. While it is true that our countries are taking bold actions to slow down and contain the spread of the virus, it is also undeniable that recession looms in our continent.

The Central African sub region is one of the areas most exposed to an economic recession. We face a double danger. On the one hand, we are fighting COVID-19 with a scarcity of financial resources and fragile health systems. On the other hand, we are trying to mitigate the adverse economic effects of this pandemic, and safeguard our economies …

Officials Begin Inquiry Into Australian Bush Fire

Officials Begin Inquiry Into Australian Bush Fire

May 26, 2020 9:45 am
An inquiry on Australian bush fires has heard that an estimated 445 people died and thousands injured, with health costs exceeding 2 billion dollars (1.3 billion US dollars).

Reports showed that between August 2019 and March 2020, bush fires burnt more than 12 million hectares of land.

It also destroyed more than 3,000 homes and killed people across six of the country’s eight states and territories.

Air quality due to smoke from the fire was ”hazardous” in major Australian cities including Sydney and the capital Canberra.

Read Also: Bushfire-Hit Australians Still In Tents As Virus Slows Recovery

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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