Virgin Atlantic has raised 1.8 billion from private sources, including from founder Richard Branson, the company said Tuesday, as it tries to rebuild its battered finances following the economic shock of the coronavirus pandemic. Branson’s Virgin Group will provide 200 million pounds, while Delta Air Lines, which owns 49% of the airline, has agreed to … Continued
Following Government’s announcement that some unemployed expatriates may be forced to return home, many are now worried about reimbursements from LIAT which is up for liquidation. This was confirmed on June 27th by the Prime Minister of Antigua and Barbuda, but more clearly expounded on last Friday in a press letter via LIAT’s Facebook page … Continued
New York (CNN Business) – Quaker Oats is retiring the more than 130-year-old Aunt Jemima brand and logo, acknowledging its origins are based on a racial stereotype. “As we work to make progress toward racial equality through several initiatives, we also must take a hard look at our portfolio of brands and ensure they reflect … Continued
Source: CNN Bank of America is donating $1 billion over the next four years to community programs and small businesses to help address economic and racial inequality that has been exacerbated by Covid-19. CEO Brian Moynihan said in press release Tuesday that “underlying economic and social disparities” were made worse by the pandemic and mentioned the nationwide … Continued
Source: Daily Mail Music industry giants are coming together in solidarity with the black community to observe “Black Out Tuesday”, days after George Floyd’s death at the hands of police in Minneapolis. Universal Music Group, Sony, Atlantic, and Capitol were just a few of the companies who have announced they will be observing ‘Black Out … Continued
The British Virgin Islands Port Authority, today facilitated the clearance of over 100 vehicles that were refused entry into the territory following the pandemic. According to reports, the shipment was initially turned away by the authority, resulting in hefty costs being incurred by the customers. This revelation was made by Managing Director of Island Shipping, … Continued
Premier of the Virgin Islands, Honorable Andrew Fahie, laid on the table of the House of Assembly, the long anticipated and controversial Auditor General’s report on Government’s Financing of BVI Airways Direct Flights to Miami. We’d all recall that the BVI Airways Controversy was one of the main points of attack by the present Premier when … Continued
Source:CNN With travelers staying close to home and airports turned into virtual ghost towns, rental car companies have taken a huge hit during the coronavirus pandemic. On Friday Hertz, which also operates the Dollar and Thrifty agencies, declared bankruptcy. Industry experts expect the company to sell off a large portion of its fleet. And that should bring … Continued
The owner of J.Crew is filing for bankruptcy protection, the first major retailer to do so since the pandemic forced the closing of most stores in the United States. More retail bankruptcies are expected in coming weeks with the doors of thousands of stores still locked, though states have begun a staggered restart of their … Continued
Eight contractors in the BVI have received invitations to bid for the project to repair the West End Community Centre which serves as a primary emergency shelter for residents in the British Virgin Islands. Officials from the Pan American Health Organization (PAHO) Health Emergencies Programme visited the BVI in February of this year and met … Continued
