Disney takes $1.4 billion profit hit over Covid-19 lockdowns
07 May 2020 |
2:29 pm
The Walt Disney Company has said its profits in the first three months of the year are $1.4 billion lower because of the coronavirus lockdowns in many parts of the world. The company saw a particular slump in income from its theme parks, which have been shut down due to the virus spreading. Also today: more bad news in the travel industry, as the home rental giant Airbnb cuts 25 percent of its workforce. Our Business Editor Stephen Carroll tells us more.
Related
Related
14 Apr
Film critic Lisa Nesselson tells us why this rural tale of arranged marriage managed to charm her. We also take a look at Romanian drama "Holy Week", a meditation on the dangers of prejudice and insularity, while Tunisian film "Behind the Mountains" brings a little magical realism to a father-son relationship.
3 days ago
Shakira's song 'Waka Waka' has been labeled the catchiest football song of all time. The iconic anthem 'Waka Waka (This Time For Africa)' was crowned the "catchiest" soccer song of all time by SeatPick. Waka Waka served as the official FIFA song for the 2010 World Cup in South Africa and continues to resonate with fans worldwide.
14 Apr
Here are the top 5 richest people in the world, according to the Forbes Billionaires List 2024.
3 hours ago
Maya Rudolph is back with a second season of her quirky billionaire workplace comedy, "Loot", while Oscar winner Robert Downey Jr dons multiple disguises for his role in the Vietnam War spy drama "The Sympathizer". Dheepthika Laurent and Olivia Salazar-Winspear also bring you the latest news from Canneseries, including Michael Douglas's historical drama "Franklin" and a biopic about Karl Lagerfeld.
3 days ago
British actor Idris Elba on Tuesday joined the cast and crew of upcoming Sonic the Hedgehog spin-off series “Knuckles” at its world premiere in London.
40 mins ago
We look at reactions as Indians prepare to vote in mammoth elections. Prime Minister Narendra Modi is hailed for having elevated India to the international stage, but criticised for curbing the rights of minorities.
Latest
40 mins ago
Studying microbes at crime scenes could aid forensic pathologists in better determining potential suspects and confirming or refuting alibis in suspected murder cases, particularly when the time of death is unclear.
1 hour ago
Clashes between the Sudanese army and its rival paramilitary have killed at least 25 civilians in the North Darfur town of El-Fasher, a pro-democracy lawyers committee said Tuesday. FRANCE 24's Olivia Bizot reports from Nairobi, Kenya.
1 hour ago
Croatia is holding polls marked by a bitter campaign between the present heads of state and government as candidates. The elections could determine whether the EU nation moves toward Moscow or remains pro-West.
1 hour ago
Millions of people were under extreme weather warnings in Pakistan. At least 50 people were killed by lightning and thunderstorms across the country in the last four days.
2 hours ago
A Kenyan national flag flies at half mast in Nairobi on April 19, 2024, in honor of its defense chief General Francis Omondi Ogolla and nine other senior military officers who were killed in a helicopter crash.
2 hours ago
Three French diplomats were given 48 hours to leave Burkina Faso on Thursday after being declared persona non grata by the ruling junta. The trio have been accused of "subversive activities", allegations that Paris denies. Relations between the two countries have been unravelling since 2022, when Burkina Faso saw its second coup in less than nine months.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.