British multinational retailer Debenhams announces that it will permanently close all of its brick and mortar stores in the United Kingdom, with the loss of 12,000 jobs, after being bought by online fashion retailer Boohoo.com. 2021-01-25
American Airlines announces it will end service at 15 airports starting October 7. 2020-08-20
The United Kingdom's economy officially enters recession for the first time since 2009, according to Chancellor Rishi Sunak. 2020-08-12
The Office for National Statistics reports the worst quarterly job losses in the United Kingdom since the financial crisis in 2009. 2020-08-11
State-run oil company Saudi Aramco reports that profits in the first half of 2020 plunged by 50% compared to the same period last year, with decreased demand in oil caused by COVID-19 cited as the main reason by CEO Amin H. Nasser. The company plans to uphold its promise of paying out US$75 billion in annual dividends in spite of this. 2020-08-9
American car rental company Hertz files for Chapter 11 bankruptcy due to accumulating nearly $19 billion in debt. 2020-05-22
British textile design company Laura Ashley plc collapses into administration, saying the coronavirus has had a "significant impact on trading". 2020-03-17