Business

Coronavirus: Lack of pandemic planning may have cost taxpayer billions, say MPs

A lack of economic planning for a pandemic may have cost the taxpayer billions of pounds through fraud and error, a Westminster watchdog has said. The failure to prepare forced the Treasury to quickly design the financial support schemes from scratch when the country went into lockdown in March, according to the Commons Public Accounts […]

Business

EasyJet warns of heavy losses and more flight cuts

EasyJet has warned it faces losses of more than £800m this year and that it expects to fly at just 25% of normal capacity into next year. Although the airline said in a trading update it had taken tough action to cut costs, the warning underlines the continuing challenges for the industry. This year’s annual […]

Economy

Colorado and Indian state of Karnataka look to business opportunities

Gov. Jared Polis played up Colorado’s expertise in aerospace, biotech, renewable energy and agriculture during a business roundtable to discuss closer commercial ties with India, and in particular with the state of Karnataka. “I am deeply committed to advocating for and growing the relationship between India and Colorado,” Polis told political and business leaders from […]

Business

The owner of Regal Cinemas is closing its U.S. theaters, with 40,000 jobs at stake.

The plight of the entertainment industry deepened on Monday as the British company Cineworld, which owns Regal Cinemas in the United States, said it would temporarily close all 663 of its movie theaters in the United States and Britain. The move was expected to affect 40,000 employees in the United States and 5,000 in Britain. […]

Business

First round of $300 Lost Wages Assistance payments headed to Coloradans

After a week dogged by tech glitches, Colorado’s unemployment officials sent their first batch of Lost Wages Assistance program payments out Thursday. By Friday afternoon, thousands of Coloradans could start receiving their first lump payments through the federal program, state officials say. The program, abbreviated LWA, was set up to give eligible unemployed people an […]

Business

NFL betting, return of table games glimmers of hope in Colorado’s COVID-impacted casino towns

Like many corners of Colorado that had high hopes for 2020, the state’s gambling capital of Gilpin County has absorbed some serious body blows in wake of the COVID-19 pandemic. The novel coronavirus shut down casinos in Black Hawk, Central City and across the state from March 17 through mid-June. Now Gilpin leaders are trying […]

World News

Bags of suspected cannabis dropped over Israeli city by high-flying drone

A drone has dropped packets of suspected cannabis over an Israeli city after activists promised they would carry out the stunt. Police said they arrested two men who allegedly flew the device over Tel Aviv’s Rabin Square, a site used for street protests and political rallies. It came after the Green Drone group, which seeks […]

World News

Lukashenko accuses NATO of hatching aggressive plans on Belarus

The Belarusian president says the West hopes of turning his country into a ‘bridgehead against Russia’. Belarusian President Alexander Lukashenko has accused NATO of hatching aggressive plans and threatened neighbours Lithuania and Poland with counter-sanctions. Lukashenko, who has ruled the 9.5-million nation in Eastern Europe with an iron fist since 1994, blamed the West for […]

World News

Nato rejects Belarus talk of border threat

Claims by Belarusian President Alexander Lukashenko that “foreign powers” are organising a build-up of troops on the country’s border are baseless, says Nato. Dressed in military fatigues, the president said he had placed his armed forces on “high alert”. Protests continued in the streets of Minsk on Saturday following a disputed election two weeks ago. […]

World News

Heavy rains flood parts of New Delhi, triggering chaos

Parts of New Delhi and its suburbs submerged in water as South Asia monsoon leaves nearly 1,300 people dead. Heavy monsoon rains have flooded parts of India’s capital New Delhi and its suburbs, throwing life out of gear for millions of people, as the death toll from the annual deluge across South Asia rose to nearly […]