The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years. 2020-11-3
British airline Flybe collapses into administration with the loss of 2,000 jobs after failing to secure financial support. The airline says the impact of the coronavirus pandemic is partly to blame for its collapse. Flybe provided more than half of UK domestic flights outside London. 2020-03-5