Traffic congestion has almost disappeared since the government advised people to stay at home in order to stop the spread of COVID-19. The pattern is repeated across the country, with fewer vehicles on the roads everywhere. In the UK's 25 largest cities congestion levels have dropped by an average of 57% - from 73% to just 16%. their daily commute. The Citymapper Mobility Index shows a 90% fall in the number of people using the app to plan their journies.
Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group struggles to stay afloat because of the coronavirus outbreak. €4bn in aid to KLM. Major world airlines all but halted passenger traffic around the world.
But they still have to pay to park and maintain planes that have been grounded. With a fleet of 550 aircraft, Air France-KLM covers 312 destinations in 116 countries around the world. In 2018, the airline’s passenger traffic exceeded 100 million.
Burberry has announced a temporary 20% cut to directors’ pay and said it will not rely on the government’s coronavirus job retention scheme for employees unable to work during the Covid-19 crisis. While many UK companies have utilised the government’s furlough scheme, which pays employees 80% of their salary, Burberry said it would not rely on government support in the UK, where more than a third of its workers are based. . All Burberry’s UK stores are closed as part of the country’s lockdown to stem the spread of the virus.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
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