Coronavirus causes automakers to rethink debuts of Ford Bronco, GMC Hummer EV and others

Automakers are scrambling to decide how and when to launch highly-anticipated products this year following the cancellation of auto shows and other events. The cancellations have created a backlog of products for automakers to unveil ahead of the vehicles arriving in showrooms in the coming months. Many automakers have switched from in-person reveals to pre-taped online events, while some are […]

Read more

UK manufacturers to export surplus medical ventilators

UK manufacturers are to export surplus medical ventilators after they produced 14,000 to treat coronavirus patients only to find that most were not needed. Boris Johnson hailed the success of the “ventilator challenge”, which began in mid-March when he urged British industry to help produce up to 30,000 of the devices amid fears that NHS supplies could be overwhelmed. “Thanks […]

Read more

Alert for firms as masks with a KN95 rating trigger safety warning

So far 1.5 million have been withdrawn from the market. Safety bosses and Trading Standards are alerting businesses and the public to the risk after widespread concern. The KN95 performance rating relies on manufacturers saying they are compliant. There is no independent verification that the products comply with the standard, according to the Health and Safety Executive. It reports that […]

Read more

Carnival to sell six cruise ships as bookings dry up

Carnival suffered losses of $4.4bn (£3.6bn) in three months, as the cruise company’s business was all but sunk by the Covid-19 pandemic. Revenues dropped to $700m from $4.8bn for the same March-May period in 2019, as bookings dried up and the corporation’s cruise lines suspended sailings after severe outbreaks onboard its ships. While many lines, including its British subsidiaries P&O […]

Read more

UK house prices plunge to 10-year low – but new hope for housing market

Figures published by the Royal Institution of Chartered Surveyors (RICS) show its headline house price balance has slumped to -32 percent in May. This is the lowest reading since 2010. April figures showed a smaller decline of -22 percent. Although RICS said the near-term sales expectations were now broadly neutral, the 12-month outlook has improved. Robert Gardner, the Nationwide’s chief economist, […]

Read more
1 2 3 6