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
GIS International Tax Authority (ITA) via a Press Release activated its Business Continuity Plan (BCP) considering the Global Pandemic. As the ITA is still obliged to comply with its International obligations, by the required deadlines; the deadlines for enrolment and filing with regards to FATCA and CRS were not adjusted (i.e. May 31st – FACTA/CRS Filings, April … Continued
Evening Standard Billionaire Sir Richard Branson today warned Virgin Atlantic will need financial aid from the Government in order to survive the coronavirus crisis as he defended himself amid backlash over a bailout request. As the Virgin Group boss works “day and night” to save jobs, he says the airline needs taxpayers’ support in the … Continued
According to a Royal Virgin Islands Police Force release, Howard Hughes has been charged in connection to the April 13th burglary at Pusser’s restaurant. The 50- year old of no fixed place of abode has been charged with “Burglary and Breaching the Curfew”. On the day in question Police received a report of a burglary … Continued
With demand for Amazon’s (NASDAQ:AMZN) marketplace increasing unabated during the COVID-19 pandemic, the eCommerce giant is in hiring mode yet again. After bringing on more than 100,000 new workers over the past four weeks, the tech giant said it’s now looking to hire an additional 75,000 warehouse and delivery employees to meet the surge in … Continued
Ford shares plunged Wednesday after the automaker reported second-quarter earnings that were short of expectations and issued a disappointing forecast for the year. Ford, which has slashed thousands of jobs this year, is also investing $11 billion by 2022 in electric and hybrid vehicles to try to keep pace in a changing industry. “Midway through … Continued
Two insurers — Allstate and American Family Insurance — announced Monday they will give back about $800 million to their auto insurance customers because people are driving far less during the coronavirus crisis. Allstate (ALL) said it will refund about 15% of premiums paid by its customers in April and May, which comes to a … Continued
Following BVIEC’s press release yesterday pertaining to the Anegada Solar plus Battery Storage initiative, project partners Henry Creque of Creque’s Engineering Services & Dana Miller of aTec BVI, said they were excited to have teamed up with international developers BMR Energy and Advanced Solar Products to present a very attractive and competitive bid for the … Continued
