QANTAS ANNOUNCED COST CUTS MEAURES TO DEAL WITH IMPACT OF COVID-19

Highlights:

• The company Qantas has announced the new cost-cutting measures to deal with the impact of covid-19 pandemic
• The company said that, it will be reporting an annual loss of more than 2 billion Australian dollars

The company ...

ANA HOLDINGS INC. REPORTS NET LOSS IN APRIL-DEC. PERIOD OF $2.29 BILLION

Highlights –

• ANA Holdings Inc. reports net loss in April-Dec. period of $2.29 billion.
• ANA Holdings revenue fell 66.7 percent to 527.61 billion yen.
• ANA reportedly booked a special loss of 76 billion yen.
• Sales from flights...

WELLS FARGO & CO. TO RESUME LAYOFFS AS PART OF THEIR COST CUTTING INITIATIVE

Highlights –

• Wells Fargo & Co. to resume layoffs as part of their cost cutting initiative.
• The bank had initially paused its layoffs in March due to the pandemic.
• The bank also plans to close several of its branches.
• Th...