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Carnival Corporation seeks to raise US$6bn for Covid-19 battle | News

Carnival Company has sought to increase as much as US$six billion in new liquidity as the enterprise battles the collapse in world wide journey following the coronavirus pandemic.

The operator of P&O Cruises, Cunard, Princess Cruises and Holland The united states, as well as the eponymous line, reported it would launch a share supplying to increase $three billion and issue $one.75 billion in senior convertible notes.

Carnival has also commenced a public supplying of $one.25 billion of shares of common stock, while underwriters are also staying specified an choice to buy up to $187.5 million of further shares.

Shares in

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NYC & Company launches digital showcase | News

NYC & Enterprise has begun highlighting means to practical experience the iconic cultural scene of the metropolis virtually, for all those who may be searching for an escape in gentle of the existing global Covid-19 problem.

“During this unprecedented time, New York City’s earth-class tourism neighborhood is featuring a wide-ranging virtual taste of the destination’s renowned cultural ordeals.

“We inspire New Yorkers and would-be travellers alike to clearly show support and embrace escapism as a result of the currently available, on-line offerings of the city’s attractions, museums, undertaking arts venues and further than,” reported NYC & Enterprise chief govt, Fred

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Emirates to receive cash injection from Dubai government | News

The authorities of Dubai has provided its backing to Emirates, and will “inject equity into the company” in order to defend it from the effects of the coronavirus pandemic.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai, said the airline was crucial to the strategic pursuits of the United Arab Emirates economy.

“Dubai is totally fully commited to supporting Emirates airways in the latest vital time period,” he added.

More information on any money package will be announced at a later stage.

The Dubai flag-provider grounded the large greater part of its flights past month in

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UK travel insurance market contracts in wake of coronavirus | News

A important range of the major insurers in the United kingdom have pulled out of the vacation coverage market place considering that the coronavirus pandemic sparked vacation chaos about the world, Which? has identified.

The buyer organisation contacted 75 coverage providers to create if and how they have been amending their provision of vacation coverage adhering to the international outbreak of coronavirus.

The researchers identified that 31 insurers, including effectively-known businesses this sort of as Aviva, LV= and Direct Line, have quickly suspended the sale of vacation coverage to new consumers as a end result of the pandemic.

A even

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British Airways to temporarily halt Gatwick operations | News

British Airways will temporarily suspend operations at Gatwick Airport in London as vacation demand proceeds to stall in the face of the coronavirus pandemic.

Intercontinental Airways Team – owner of British Airways, Iberia and Aer Lingus – has by now declared substantial cuts to providers, with the British flag-provider to emphasis attempts on Heathrow in the brief time period.

Gatwick by itself is now operating from a one terminal, adhering to a sharp tumble in flights.

easyJet, a significant operator at the south London airport, yesterday claimed it would suspend all departures for the foreseeable upcoming in response to the

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