Boeing faces 108 April plane order cancellations
Boeing showed zero new commercial orders in April while 108 planes were canceled, marking a second month with no orders this year. The backlog fell below 5,000 as 101 more orders were dropped. Airbus collected nine new orders, lifting its year total to 299 with a backlog of 7,645 jets. China suspended beef imports from four Australian suppliers amid calls for a coronavirus origin inquiry. Greece intends a rapid digitization drive with gov.gr offering 500 plus services and plans to add 200 more by year end to ease bureaucracy.
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Airbus
China
Beijing
Australia
Simon Birmingham
Birmingham
Greece
Gov.gr
Kyriakos Pierrakakis
Associated Press
Pierrakakis
Virus curbs hit UK farm labor as harvest looms
British farmers warn labor shortages from coronavirus travel bans could force crops to rot. With 70,000 to 90,000 seasonal workers needed April to October, most come from Eastern Europe. Only about a third of usual migrants are in Britain, prompting emergency flights and drones of concern from growers.
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European Union
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British Growers Association
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George Eustice
Ali Capper
Worcestershire
England
G’s
Matt Parton
Ukraine
Russia
Moldova
Uber Uses Zoom to Fire About 3700 Employees
Uber laid off roughly 3700 workers via Zoom last week, with 3500 frontline customer support roles cut. The Phoenix Center of Excellence head described the remote process as necessary due to a half drop in business while offering a severance package.
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Zoom
U.K
The
Daily Mail
USA Today
Ruffin Chevaleau
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Chaveleau
Deflation Risks Deepen as Virus Slows U.S. Economy
Washington reports April CPI fell 0.8 percent led by gasoline with core prices down 0.4 percent, the sharpest drop since 1957. Economists warn deflation could entrench as shutdowns curb demand and activity, threatening a prolonged recession.
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Washington
U.S
United States
Gus Faucher
PNC Financial Services
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By Martin Cruisinger