Mark Zuckerberg has $7bn wiped off his fortune The social media giant is facing financial pressure as major companies, including Unilever, Coca-Cola, Ben & Jerry's, Starbucks and many others pause their ad spend in protest at the way the firm moderates hate speech. Airbus output will plummet for two years Plane output will be 40 per cent lower for two years compared to pre-crisis plans, says Airbus chief executive Guillaume Faury. Until now the company was cutting output by a third on average. Boris Johnson rejects economic austerity Prime minister Boris Johnson vowed the UK will spend large sums on hospitals, schools and roads to jump-start the economy as it emerges from the coronavirus lockdown that has plunged the country into what may be the worst recession in three centuries. Extra £14bn a year needed for climate The Green Alliance think tank says the cash is needed for clean transport, nature restoration, and low-carbon buildings. Over the past three years, it says that £9bn has been spent on projects that actually increase CO2, like roads. |