begging

ALEX BRUMMER: Sultan with a begging bowl

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The Bank for International Settlements (BIS) in Basel, Switzerland, is one of those institutions which comes into its own in a crisis. Its survey, based on 40,000 firms across the advanced world and emerging markets, found that Covid-19 is creating unprecedented stress with likely falls of 25 per cent in revenues, soaring debt levels and … Read more

Richard Branson’s Australian airline collapsed and is begging for bailout to save Virgin Atlantic

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As one of the world’s wealthiest men, Sir Richard Branson is used to travelling by private jet, holidaying with politicians and hobnobbing with A-listers. But neither his estimated £4 billion fortune nor his audacious networking skills could save the Australian arm of his airline from going into administration yesterday. Virgin Australia, the country’s second biggest … Read more