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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Jul 01, 2020
Page
5
Scandinavian Airlines wins a 14.25 billion kronor bailout backed by Sweden and Denmark with partial support from the Knut and Alice Wallenberg Foundation. The plan includes new shares and bond conversions to restore solvency amid COVID-19 and a demand slump.
The United States, Japan, and France urge firms to diversify away from China for phones, drugs, and electronics but many still rely on Chinese suppliers due to cost, network, and supply-chain advantages. Governments push incentives while industry remains cautious about losing established links and profits.
Royal Dutch Shell warned it will write down asset value by 22 billion dollars as oil and gas prices fall due to the COVID-19 outbreak. Shares slipped as Brent crude prices were seen around 41 dollars, with Shell and BP cutting asset values and pressing toward renewables targets.
Across the 1960s to 1970s Danes challenged a rigid system and spurred a bike boom. Now U S riders cite higher urban cycling amid the pandemic and shifts toward carless living. Eco-Counter notes a 21 percent rise in U S urban ridership and Rails to Trails a 110 percent hike on rail trails. Observers forecast momentum lasting as many parents and children take up biking for safe outdoor activity. In the Bay Area families take to Old La Honda and other routes, signaling a wider cultural remodel toward cycling.
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