• Almost all new jobs will be high-paying after Covid and most low-wage workers will have to change careers, McKinsey report says

    16 days ago - By Business Insider

    A waiter delivers food to a table at Bottino Restaurant in Chelsea as New York City restaurants open for limited capacity indoor dining on October 1, 2020 in New York.
    BRYAN R. SMITH/AFP via Getty Images
    A new McKinsey report on the future of work projects a dire future for low-wage jobs.
    " Almost all growth in labor demand will occur in high-wage jobs," the report finds .
    More than half of low-wage workers in "declining" jobs like food service will have to find new careers.
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    A new McKinsey report on the future of work post-pandemic...
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  • Air France-KLM reports €7.1 billion loss for 2020

    Air France-KLM reports €7.1 billion loss for 2020

    16 days ago - By Travel and Tourworld

    Air France-KLM has reported a loss of €7.1 billion for financial year 2020 as the global COVID-19 pandemic placed a standstill on international travel. The airline said in a statement that passenger numbers fell 67 per cent last year, while revenue fell 59 per cent compared to the previous year.
    Air France-KLM also took on €10.4 billion in state-backed loans last year. However, after burning through €2.6 billion in cash in the fourth quarter, the airline said the first three months of this year will be challenging and involve a deeper hit to earnings. The carrier expects to fly just 40 per...
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