and pandemic measures claim a victim down under as virgin australia airlines files for bankruptcy. this is your business report i'm steve. it's good to have you with us now the crash in u.s. oil prices is reverberating around the globe pushing stocks toward losses and driving commodity prices down major oil producing nations could be hit hardest with lower prices carving chunks out of their budgets they're now hoping that demand rebounds in the months ahead. demand for oil has plunged amid the worldwide lockdowns linked to the cough in 1000 pandemic and that coincide with a surge in oil supply the result of a route between saudi arabia and russia over oil production cuts now storage facilities affordable prices and now below 0 for the 1st time in history but russia says it has what it needs to weather the storm. approached. our government has all the necessary reserves at its disposal to soften the blow all negative consequences of this kind of international volatility for our economy . but the overwhelming reaction in europe is shock. i have to say in all seriousness that the coll

bailout money is being given to australia's biggest airlines to maintain domestic flights over the next $8.00 weeks quantas and virgin australia will receive $105000000.00 but the airlines say the money is not enough virgin australia has requested nearly $900000000.00 in assistance from the government brazilian president diable sonora has fired his health minister they've clashed for weeks over how to handle the outbreak brazil has blasted america's west outbreak with nearly 2000 reported deaths the u.n. envoy for yemen says warring sides are close to reaching a truce negotiations have been taking place for 2 weeks after the saudi u.a.e. coalition announced a unilateral cease fire a spokesman said saudi arabia wanted to support un efforts to reach a political solution and stop the spread of coronavirus well those are the headlines the news continues here after inside story stay with us. being mine is on trial from marie to genocide the government stands accused of committing atrocities against the rigid people. want to one has to investigate on al-jazeera. the number of coronavirus cases is still rising in europe but

airlines and com pass quickly gauge reports from sydney. with billions of dollars in debt and most of its fleet grounded the announcement surprised few virgin australia handed over its books to insolvency firm deloitte as board members placed it in administration it's the largest global airline to collapse or fall under the shock of the coronavirus outbreak this is not just something that is. strongly we know it's hurting the industry globally and is the worst ideation process i was saying that the company will continue to operate while it's being restructured but it leaves nearly 16000 people in a strong uncertain about their jobs at a time when unemployment is rising due to code 19 shutdowns and a global recession becoming a me is certain reality. stuff had already been stood down due to floods being cancelled for weeks the airline has been urging the government to loan it hundreds of millions of dollars to survive the crossest but it's refused saying it wants bail out a company that's 90 percent oil and by foreign shareholders with big pockets if the airline suspends operations the national carrier quantas would have a need monopoly in a stroller

bailout money is being given to strain is biggest airlines to maintain domestic flights over the next $8.00 weeks quantas and virgin australia will receive $105000000.00 for the airline say the money is not enough virgin australia had requested nearly $900000000.00 in assistance from the government nearly a quarter of myanmar's prisoners are being released as part of a traditional new year amnesty human rights watch has called on the government to reduce prison and numbers to prevent a spread of the outbreak but a spokesman for the prisons department denies that the release of nearly 25000 inmates is linked to concerns over coronavirus the u.n. envoy for yemen says warring sides are close to reaching a truce negotiations have been taking place for 2 weeks after the saudi u.a.e. coalition announced an unilateral cease fire a spokesman said saudi arabia wanted to support u.n. efforts to reach a political solution and to help stop the spread of coronavirus well those are the headlines to join me here off to the stream stay with us. play an important role to think you can. trace. the. ok and you are in the stream and the home ed

deaths bailout money is being given to straight is biggest airlines to maintain domestic flights over the next 8 weeks quantas and virgin australia will receive one $105000000.00 the airlines say the money isn't enough virgin australia requested nearly $900000000.00 from the government. nearly a core set of mammals prisoners are being released as part of a traditional new yes amnesty boss a spokesman for the president's department to deny is the release of nearly 25000 inmates is linked to the 19 well those are the headlines next up it's what i want to talk to al jazeera we know this what you will force with when you saw that document for the 1st story we listen after the war saying europeans go build you know the stage of you know what we would not be with you we meet with global news makers and talk about the stories that matter on the edges there are. villages about to the ground. hundreds of thousands displaced. mass murder. there is compelling evidence of genocide and genocide against. the gambia has taken me to the international court of justice accusing its government of orchestrating a campaign of destruction against the

been on the wall for some time now covert 19 has claimed its 1st major casualty of the airline industry virgin australia and the chief executives face said it all. this is not just something that is inversion of strongly we know it's hurting the industry globally it is the worst i've yashin process i was saying that is true. we're not immune to that board might a very courageous decision last not to put the company into volunteered ministration into so quickly for the debt laden airline the unprecedented shutdown came at the wash time the final blow when the government refused a loan worth around 1000000000 us dollars emotional employees pleaded with the prime minister scott morrison to change his mind for those of you watching today place take a moment to ask yourself what a monopoly in the israel and skies would look like for you bob in this turmoil for 24 and a half years these people be harming. my brothers and sisters. down or could not do your job. to please let me do more. the government said it would not be allowed the airlines deep pocketed foreign shareholders among them richard branson he twe

bailout money is being given to australia's biggest airlines to maintain domestic flights over the next $8.00 weeks quantas and virgin australia will receive $105000000.00 but the airlines say the money is not enough virgin australia has requested nearly $900000000.00 in assistance from the government brazilian president diable sonora has fired his health minister they've clashed for weeks over how to handle the outbreak brazil has blasted america's worst outbreak with nearly 2000 reported deaths the u.n. envoy for yemen says warring sides are close to reaching a truce negotiations have been taking place for 2 weeks after the saudi u.a.e. coalition announced a unilateral cease fire a spokesman said saudi arabia wanted to support un efforts to reach a political solution and stop the spread of coronavirus well those are the headlines the news continues here after inside story stay with us. me and mine is on trial from rape to genocide the government stands accused of committing atrocities against the injured people one on one east investigates on al jazeera. the number of coronavirus cases is still rising in europe but

virgin australia became asia's first airline to fail after the coronavirus outbreak. at deloitte taking control of the carrier. they plan to restructure the business and find new owners. virgin australia is almost entirely owned by foreign airlines. now to the ceo of marriott. he says the coronavirus will change the experience of staying in hotels. he says there will be more rigorous cleaning and more ways to keep people apart. he says the travel industry will not bounce back quickly. >> the question really is how long does it take to get from here to there. i think when this started, we were hoping that we could flip a switch and suddenly, everybody would be back to things the way it was a few months ago. my guess is it is going to take a little longer than that for people to get comfortable. world,: around the marriott has closed roughly 1/4 of its hotels. another hurdle for ibm in its transition to cloud computing, pulling its profit forecast for the year because of the coronavirus pandemic. ibm also reporting a drop in first-quarter revenue. the company expects in

been on the wall for some time now corbett 19 has claimed its 1st major casualty of the airline industry virgin australia and the chief executives face said it all. this is not just something that is hurting birds in australia we know it's hurting the industry globally and is the worst process i was saying that you should. we're not immune to that board might a very courageous decision last not to put the company into volunteered ministration and to so quickly for the debt laden airline the unprecedented shutdown came at the wash time the final blow when the government refused a loan worth around $1000000000.00 us dollars emotional employees pleaded with the prime minister scott morrison to change his mind. for those of you watching today place take a moment to ask yourself what a monopoly in the israel and skies would look like for you bob in this turmoil for 25 and a half years these people be harming. their more brothers and sisters. don't or could not do your job on a dime in view to please let me do more than click there when. the government said it would not be allowed airlines deep pocketed foreig

more coming out of australia that no doubt highlighting the vulnerabilities across airlines. virg virgin australia has gone into voluntary administration the airlined buckled under a $5 billion debt burden. it reached out to creditors trying to recap recap tallized the business offering his home as collateral. reporting the treasury told the carrier to resubmit its bid having been unempressed with its application. >>> leaving the airlines now to danone that withdrew guidance. adding that the second quarter will be deeply hit the french food company did post higher first quarter sales citing consumption to the imposed lockdown >>> psa reported a 15.6% decline. shares there trading about 2.4% lower this morning let's get to charlotte reed with more despite the relatively grim outlook for the sector and company, they've maintained their margin targets >> you are right the results for psa are a little better than expected revenue down 15.6% that is on the back of the european enrollment with administration in march down we know psa has a huge exposure to europe. they said the current environ

airlines and compass nicholas nicholas gage reports from sydney. with billions of dollars in debt and most of its fleet grounded the announcement surprised few virgin australia handed over its books to insolvency firm deloitte as board members placed it in administration it's the largest global airline to collapse or fall under the shock of the corona virus outbreak this is not just something that is. strongly we know it's hurting the industry globally and is the worst ideation process i was saying that the company will continue to operate while it's being restructured but it leaves nearly 16000 people in a strong uncertain about their jobs at a time when unemployment is rising due to code 19 shutdowns and a global recession becoming a me is social reality. stuff had already been stood down due to floods being cancelled for weeks the airline has been urging the government to line it hundreds of millions of dollars to survive the crossest but it's refused saying it wants bail out a company that's 90 percent oil and by foreign shareholders with big pockets if the airline suspends operations the national carrier quantas would have a need monopoly in a stroller

airline. no not at all and that is what the trade workers union and the main opposition political party in. saying so virgin australia and quantas of the. 2 main commercial airlines in australia and a monopoly is not what you want in an airline industry especially when we're trying to work through this crisis obviously we don't want to see prices going up in the airline industry and the opposition is also saying that this is about national interest we need to make sure that planes are in the air especially going to regional areas if we're going to be boosting unemployment of course we have seen lots of people out of work from this crisis and the airline industry is crucial to make sure that we we get back into that way so the government has been certain in saying that we do need true airlines at least in a stroller and that the. main watchdog in this area will make sure that prices won't go up virgin australia has been very optimistic and positive there has been there have been no redundancies right now it does believe that there will be private investors that will be able to. jump in and make sure it stays afloat bu

deaths bailout money is being given to straight is biggest airlines to maintain domestic flights over the next 8 weeks quantas and virgin australia will receive 105 $1000000.00 the airlines say the money isn't enough virgin astray requested nearly $900000000.00 from the government's. many a core set of man was present as are being released as part of a traditional new yes amnesty boss a spokesman for the president's department a denies the release of nearly $25000.00 inmates is linked to the 19 well those are the headlines next up it's what i want to talk to al-jazeera we want you will force was when you saw that document for the 1st story we listen to after the war saying your europeans go build you know the stage of you but we would not be with you we meet with global news makers and talk about the stories that matter on the edges there are. villages about to the ground. hundreds of thousands displaced. mass murder. that is compelling evidence of genocide and genocide against. the gambia has taken me to the international court of justice accusing its government of orchestrating a campaign of destruction against the rocking of p

virgin australia. it has become asia's first airline to fail after the coronavirus outbreak. g plan to restructure the business and find new owners within months. virgin australia is almost entirely owned by foreign airlines. and another hurdle for ibm in its transition to cloud computing the company pulling it forecast for the year because of pandemic.19 ibm also reporting a drop in first quarter revenue. the company expects in the near clients will postpone projects. that is your bloomberg business flash. francine? tom? viviana, thanks so much. the data is extraordinary. lows, an too many year note on commodities across america. the oil we are watching -- not the may contract negative, but the new june contract front and center, plunging from $19 to $16 a barrel in the last 20 minutes. across the board, francine, we see lower yields. stillne: yes, oil definitely in focus. if you look at the s&p 500 futures, they are surrendering early games. -- early gains. u.k. government keeps saying they do not want to extend. if you look at futures here as well, futures in the u.s., they

virgin australia amid reports it is heading for voluntary administration. aviation consultant joins us next. this is bloomberg. ♪ haidi: the virgin australia board has signed off on placing the airlinentary administration. of $63 hour appeal million from the australian government to buy out what was rejected. we are joined by strategic aviation solutions chair neil. great to have you with us. what is your best scenario on what happens from here given that we continue to see this government versus virgin standoff? neil: what will happen is that 90% overseas shareholders declared they were not prepared to put any more funds into the company, it was pretty much well-written from administration was going to be the only route to allow time to talk to other investors. because the government said we've got a shareholder base here of billionaires and governments who are not prepared to invest in the airline. the valuation funds were not. the only source was government and they are investing in industries to be saved, not companies. haidi: just as we started speaking to give, the announcement of virgin australia will recapitalize its business. version saying the decision is being made to sec

quantas and virgin australia will receive $105000000.00 for the airline say the money is not enough virgin australia had requested nearly $900000000.00 in assistance from the government nearly a quarter of myanmar's prisoners are being released as part of a traditional new year amnesty human rights watch has called on the government to reduce prison and numbers to prevent a spread of the outbreak but a spokesman for the prisons department denies that the release of nearly $25000.00 inmates is linked to concerns over coronavirus the u.n. envoy for yemen says warring sides are close to reaching a truce negotiations have been taking place for 2 weeks after the saudi u.a.e. coalition announced an unilateral cease fire a spokesman said saudi arabia wanted to support u.n. efforts to reach a political solution and to help stop the spread of coronavirus well those are the headlines to join me here off to the stream stay with us. play an important role to think you can. trace. the. ok and you are in the stream the home edition this is my living room i am going to be broadcasting from my living room

or back up the government has been quite certain the strategy it does need to airlines for that competition virgin australia has been quite optimistic today of course it wants that to happen so it can get people on board to buy the company but it says that there have been a number of private investors that could be willing to buy. a strongly are and it wants this restructuring to happen as soon as possible the big question is will that happen to make sure that they can keep flying and that we can have 2 airline carriers in this country of origin in their life force in sydney nicholas thank you. now across latin america the number of corona virus infections has pasta 100000 in brazil which is the region's worst affected country the president says he wants to end a nationwide restrictions this week but state leaders say the conflict isn't ready john heilemann has moved. the critics of brazilian president to you bill so now to this rally was another outrage perhaps the most serious since coronavirus began he spoke to supporters outside of the brazilian army headquarters many of them cool for congress to be clo

airlines. virgin australia became the largest yet to enter bankruptcy due to coronavirus. >> i have been in this terminal for 25.5 years. these people behind me, not only my mates, they're my brothers and sisters. don't clip our wings. >> reporter: wings so many hope keep flying through the threatening skies ahead. kris van cleave, cbs news, washington. >> foster: still ahead on the "cbs weekend news:" how far can the coronavirus travel? scientists say there is new suse for concern. cause for concern. at first sign of diarrhea, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening inflammation of the lungs can occur. talk to your doctor if you have new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include tiredness, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. te

pandemic is forced to strike a 2nd largest airline into voluntary administration after the government refused to buy without the day to day running of virgin australia has been placed in control of another company while its assets are tallied up like many airlines worldwide travel restrictions and board opposes the ground of most of virgin australia's fleet the crisis compounded preexisting debts of more than $3000000000.00. it is plain and unnecessary decision made by a board of boredom boy and on fraser to global pandemic covert 19 this is not just something that is good in australia we know it's hurting the industry globally and is the worst ideation process and i was saying that you should we're not immune to that. might a very courageous decision last not to put the company into volunteered ministration and do so quickly. well the corona virus outbreak in russia there is only growing nearly $5700.00 new cases confirmed in the last 24 hours which pushes the total above $52.00 thousands the government says 456 people have died in russia and after falling for 2 days new cases of risen slightly in germany just under $800.00 reported on tuesday whic

now this train government is paying its 2 because airlines to maintain that their method flights over the next 8 weeks quantas and virgin australia will receive $105000000.00 to keep flying critical much politan the regional routes the airlines say the money which is equal $265000000.00 australian dollars is not enough when announcing the deal the deputy prime minister michael mccall back said it's critical that internal flights continue to operate. today's $165000000.00 announcement is going to mike the world of difference for those commuters who've come in from overseas down the 14 days of quarantine let me tell you if i landed in sydney and required to get back to perth with very limited services available it's a long drive in a hot car over the novel and so that's going to mike a difference for them it's also of course going to have in those planes defense personnel medical personnel but most importantly as well people and medical equipment palestinians have been marking prisoners day to commemorate the plight of thousands being held in israeli military jails but this year a detainee's commission is urging israel to release h

and the airline virgin australia has appointed administrators — another business victim of the pandemic been refused a government bailout and has debts of more than $3 billion us. you are watching bbc news — now let's recap on today's downing street briefing, led by the chancellor rishi sunak. he was joined by angela maclean, the government's deputy chief scientic adviser — and yvonne doyle who's the medical director of public health england. the chancellor spoke about the government scheme that began today to keep staff on the payroll, even if the pandemic means they can't work and he took questions both on business measures and on the continuing concerns surrounding the supply of personal protective equipment for front line medical workers. good evening from downing street where i am joined by professor let me start by addressing the issue uppermost in peoples minds. personal protective equipment, ppe. this is an international challenge, that many other countries are experiencing. alongside the efforts of british businesses, and our embassies around the world, we are working hard to g

prayers the australian government is paying 2 of its biggest airlines to maintain domestic flights over the next 8 weeks qantas and virgin australia will receive $105000000.00 to keep flying critical metropolitan and regional routes but the airlines say the money is not enough virgin australia had itself requested nearly $900000000.00 in assistance . today's $165000000.00 announcement is going to mike the world of difference for those commuters who've come in from overseas done the 14 days of quarantine let me tell you if i landed in sydney and required to get back to perth with very limited services available it's a long drop in a hot car over the nullable and so that's going to mike a difference for them it's also of course going to have in those planes defense personal medical personnel but most importantly as will people and medical equipment as we reported earlier they w.h.o. is warning that the coronavirus pandemic could have a devastating impact in africa fewer than 20000 cases have been reported across the continent to date but the world health organization is concerned there could be 10000000 in the next 3 to 6 months nea

and the airline virgin australia has appointed administrators — another business victim of the pandemic

virgin australia has confirmed that it's gone into voluntary administration. the airlineany said revenue dried up after it was forced to cancel nearly all flights due to the global health crisis. more than 10,000 jobs could be at risk. facebook has banned event listings that violate official social distancing policies. on monday, the social media giant removed posts advertising protests in the us states of california, newjersey, and nebraska calling for an end to quarantine measures intended to limit the spread of covid—19. this was meant to be the week when vladimir putin won a public vote, changing the russian constitution, and so allowing him to stay on as president. but the spread of coronavirus forced him, reluctantly, to postpone that ballot. what impact is this crisis having on the stability that putin has made his trademark. sarah rainsford reports from moscow. they used to bake here for a whole chain of phase until coronavirus. now it's takeaway ca kes coronavirus. now it's takeaway cakes only and just a handful of staff. this business is barely scraping by but i

airlines. virgin australia became the largest yet to enter bankruptcy due to coronavirus. >> i have been in thisl for 25.5 years. these people behind me, not only my mates, they're my brothers and sisters. don't clip our wings. >> reporter: wings so many hope keep flying through the threatening skies ahead. kris van cleave, cbs news, washington. >> how far can the coronavirus travel? scientists say there is new cause for concern. how fast does dove dry spray actually dry? ♪ let's see. it's dry. there's no dry time! makes us wonder why we booked fifteen-second ad slots! dries instantly and keeps you protected for forty-eight-hours. ♪ toe and stay aheaof fthe meight-hours. but scrubbing still takes time. tw e'new dawn aheaof fthe poash spray. e fast, ea wst on easy messes, just spray, wipe, and rinse. on tough messes, the spray-activated suds cut through grease on contact, without water. just wipe, and rinse. get dishes done faster. new dawn powerwash dish spray. spray. wipe. rinse. introducing tide power pods with cat & nat. that is such a large load, don't the stains sneak through? new tide powe

thing be australian government is paying too if its biggest airlines to maintain domestic flights over the next 8 weeks qantas and virgin australia will receive $105000000.00 to keep flying critical metropolitan and regional routes but the airlines say the money is not enough virgin australia had itself for across the nearly $900000000.00 in assistance because the gauge is in sydney and explains why the funds are particularly important for virgin australia. virgin australia suspended trading in its shares on thursday and it has only been running one fly around the country its 8 day because it hasn't been able to afford any more and the australian government has stepped in so it will be paying for it this and virgin australia up to $105000000.00 to keep these essential flight routes always been across the country so workers who are in essential jobs and doing need to be flying around can reach those jobs now the money will be in place to keep flights off rate for the next 8 weeks the big question is what will happen after that virgin a strong leader is no doubt in a lot of financial strife there have been reports that some private

the pandemic has forced australia's 2nd largest domestic airline into voluntary administration after the government refused to bail it out that means the day to day running of virgin australia will be placed in control of another company while the review of its assets is carried out on how to ask for an $800000000.00 emergency loan off of travel restrictions left at more than $3000000000.00 in debt virgin has already stood down most of its workforce well nicola gage is live for us in sydney nicholas so how significant is this collapse of virgin australia and why did the government refuse to help virgin with a loan. virgin australia has been struggling for some time now with billions of dollars in debt in the grounding of most of its slate 19 so this will not come as a surprise to many people for weeks it has been urging the government to assist it with laurens in the hundreds of millions of dollars to get through this crisis but that has been consistently rejected and now deloitte administrators are in charge of the company looking at how it can restructure and refinance to try and keep its doors open the australian government has received some criticism for not t

virgin australia handed over its books to insolvency lawyers as board members placed it in administration. it is the largest global airlineo far under the shock of the coronavirus break. >> this is not something hurting virgin australia, it is hurting the industry globally. correspondent: the company will continue to operate while it is being restructured, but it leaves nearly 16,000 people in australia uncertain about their jobs at a time when unemployment is rising due to covid-19 shutdowns and a global recession coming a near certain reality. most staff had already been stood down due to flights being canceled. for weeks the government has dollars, butds of it refused, saying it won't help a company 90% owned by foreign shell hoarders -- foreign shareholders. qantas would have a near monopoly in australia, which many say would be in nobody's interest. >> the australian government has to take an industrywide perspective on this. they need to support both virgin australia with some sort of support and also qantas. correspondent: virgin australia remains optimistic it will survive and says there has been interest from for

now this trail in government is paying 2 of its biggest airlines to maintain their domestic flights over the next 8 weeks quantas and virgin australia will receive $105000000.00 to keep flying critical metropolitan and regional routes the airlines say the money that's equivalent to $165000000.00 australian dollars is not enough. today's $165000000.00 announcement is going to mike the world of difference for those commuters who've come in from overseas done the 14 days of corinth let me tell you if i landed in sydney and required to get back to perth with very limited service is a viable it's a long drop in a car over the nala board so that's going to mike a difference for them it's also of course going to have in those planes defense personal medical personnel but most importantly is will people and medical equipment government workers and bangladesh have held a protest over unpaid wages hundreds blocked a road outside a factory demanding their salaries now textile manufacturers account for 85 percent of exports and in point 4000000 people but international orders have dried up because of the kovac 1000 pandemic while in kenya texti

government relief, we have seen merchant australia not getting help from the australian government. more cases of collapses of airlines, like we saw with virgintralia? what is your reaction to this? alexandre: we have advocated almost 93 governments to put together packages to help the industry, to help everybody. of course, in a fair manner. for us, it is always very painful, sad to see that one of our members is disappearing or collapsing. if these rescue package are not implemented, and implemented quickly -- we need the cash to p&l,in our balance sheet, we could see more bankruptcies, unfortunately. the risk for the industry to shrink is significant. amanda: we could certainly argue that this was the industry hit first i covid-19, it may will recover last. it is easy to imagine a scenario where air travel is the last thing to return to normal. is the industry preparing for a very protracted period, where normal is a long way off? say, we are have to pretty pessimistic about the wegth of the crisis, but have a very strong restart plan. airline a strong industry is necessary to have a fast recovery. we are discussing that with the others, w

airlines around the world are under huge pressure right now so this will come as no surprise to anyone who's been watching this play out virgin australia is billions of dollars in debt and most of its fleet has been grounded 2 to carve it 19 and for weeks it has been urging the government here to hope with hundreds of millions of dollars in laurens to try and get it through these crosses but that has been rejected by the government on several occasions it says that it's not willing to buy a lousy company which is largely foreign orange by large shareholders with big pockets so it would be a huge blow to the strike if virgin australia did collapse nearly 10000 workers are employed another 6000 on top of them directly indirectly work for virgin australia and this comes at a time when unemployment is rising because of coronavirus this is not something that the government wants to see happening. still in australia in the prime minister's back in coles from his top diplomat for an international investigation into china's response to the virus crisis donald trump was a war in china of consequences if it was knowingly responsible for the pand

has been very clear that we do need at least 2 major airlines in these countries so it's up to the administrators to make sure that virgin australia can keep on operating into the future the company has been quite optimistic today saying that there has been a lot of private investment interest in the company no redundancies have taken place at this stage in those few flights that are operating will continue so now it is in the hands of deloitte it ministre to this we will just have to say if virgin australia can continue as as one of the 2 major rail lines in this country thank you. both australians have a lock down measures have spilled onto the streets in the u.s. with some people defying official advice against joining protests that demanding an end to the restrictions but many are concerned the country isn't ready and fishes mills. some states see they're getting ready to reopen the u.s. is seeing an increase in antilock don't protests this one in pennsylvania one of the latest. small parts of the u.s. are reopening beaches in florida businesses in texas but for some things aren't moving quickly enough seattle saw one of the b

virgin australia has ecome the asia pacific's first ally to fall to the coronavirus. -- angus has the latest. income. all of its angus: similar story for virgin most airlinesthe orld, potentially the borders came down in australia and of the as deprived all income. it's not sustainable for a virgin, it has more with 5 billion australia, a debt, $3 billion u.s. dollars can't sustain that. the australian government was $1.4 ing to extend a billion line would have rescued equity converted into and the government wasn't in the out line, an administrators was appointed today. rishaad: this is the airline's four.strators, one of why was there reluctance to bail one part of the question, how does that fit with narrative that they want to market? airlines in the reluctance iment's out, some ail virgin stem storm, i think shareholder virgin is uniquely owned ntirely by four different airlines. government, taxpayers virgin and themselves were backed by best entities. doing this first, don't come us.r and now we have the administration here and let forces control the flow. why that really happens. how ad: the second part, does that fit with them coming out and saying

the deputy prime minister was saying on the weekend he wants the airline sector to keep things repetitive. qantas and virgin australiaounded flights, for load -- furloughed workers. people are appealing for a handout of three times the amount. but it has been crippling for the airlines. the whole country is for going revenue from domestic travel and it could be the end of the word -- the year before the overseas travel ban gets lifted. we will have to wait and see what sort of shape the airline sector is in when all of this eventually comes to an end. much forank you very that. we will have more on daybreak australia next. ♪ zoom has become a household name in the midst of the pandemic and now been dogged by security issues and zoombombing, when meetings are hijacked. we spoke to bloomberg -- the ceo spoke to bloomberg about its growth and the changes they are making. >> zoom was beautiful, serving people before this crisis. and you know we learned for the first time in the consumer -- we should do more, not only for the service but also give them security and tools like make the password. we took actions over the pa

virgin australia has confirmed that it's gone into voluntary administration. the airlinelties of the covid—19 pandemic. the company said revenue dried up after it was forced to cancel nearly all flights due to the global health crisis. more than 10,000 jobs could be at risk. the president of madagascar, andry rajoelina, has officially launched a locally—produced herbal tea which he claims is both a prevention and a cure for the coronavirus. this is despite the fact that health experts say there is as yet no known cure or vaccine. mr rajoelina claims it's proven to be effective and has cured two patients in madagascar. stay with us on bbc news, still to come: why harry and meghan are taking on the tabloids vowing not to cooperate with the biggest titles. the stars and stripes at half—mast outside columbine high. the school sealed off, the bodies of the dead still inside. i never thought that they would actually go through with it. one of the most successful singer songwriters of all time, the american pop star prince, has died at the age of 57. ijust couldn't believe it, i

virgin australia has confirmed that it's gone into voluntary administration. the airlineasualties of the covid—19 pandemic. the company said revenue dried up after it was forced to cancel nearly all flights due to the global health crisis. more than 10,000 jobs could be at risk. saudi arabia has extended the suspension of public prayers at islam's two holiest sites during the fasting month of ramadan to limit the spread of the coronavirus. a shortened version of late evening prayers will be held without worshippers at the grand mosque in mecca and the prophet's mosque in medina. the president of madagascar, andry rajoelina, has officially launched a locally produced herbal tea, which he claims is both a prevention and a cure for the coronavirus. this is despite the fact that health experts say there is as yet no known cure or vaccine. mr rajoelina claims it's proven to be effective and has cured two patients in madagascar. stay with us on bbc news. still to come: as ramadan begins, experts are worried that indonesians heading home to their villages to celebrate could caus

to governmentes age, we have seen virgin australia not getting help from the us trillion government. -- australian government. will we see collapses of airlinesalia? what is your initial reaction to this? >> first of all, we have advocated to almost 93 governments to put together packages to help the industry and to help everybody. of course, in a fair manner. always, for us, very painful and sad to see one of our members is collapsing. if these packages not -- are not in cemented quickly, we need cash to flow when our balance sheets, we could see more collapse and bankruptcies. the race for the industry to shrink is significant. in fact, we could argue that while this is the industry hit first by covid-19, it may recover last. it is easy to imagine a scenario where at -- air travel is the last thing to return to normal. are you preparing for a very protect -- protracted period where normal is a long way off? >> i would have to say that we pessimistic about the length of the crisis. a veryalready prepared strong restart plan. on the other hand, we think that a strong airline industry is necessary to have a strong and fast recovery. we already

this road and government is paying its 2 biggest airlines to maintain their domestic flights over the next 8 weeks quantas and virgin australia will receive 105000000 dollars to keep flying important metropolitan and regional routes the airlines say the money equal to $165000000.00 australian dollars is not enough human rights watch says it's concerned about a mass trial underway in saudi arabia nearly 70 palestinians and jordanian residents are accused of terrorism they were arrested 2 years ago over suspected links to the guards of based group hamas human rights watch says it's documented accusations of torture and of abuse but today with headlines here on al-jazeera got more news coming up after the politics of population control. this is a film about women who had to abort their daughters. about men who can no longer find a wife. about girls were kidnapped for that reason. and about desperate parents. on the 5 had settled on the kid that. i eat only. was. one she is a province in southern china pang don't envy my shan or parents who are searching for their daughter 3 year old pan shooting disappeared a month ago without t

month is surely in government is paying 2 of its biggest airlines to maintain their domestic flights over the next 8 weeks qantas and virgin australia will receive $105000000.00 to keep flying critical metropolitan and regional routes airlines say the money which is equal to $165000000.00 australian dollars isn't enough today's $165000000.00 announcement is going to make the world a difference for those commuters who've come in from overseas done the 14 days of quarantine let me tell you if i landed in sydney and required to get back to perth with very limited service is available it's a long drive in a car over the nullable and so that's going to mike a difference for them it's also of course going to have. defense personal medical personnel but most importantly as will people and medical equipment. garment workers in bangladesh have held a protest over unpaid wages hundreds blocked a road outside a factory demanding their salaries textile manufacturers account for 85 percent of exports and employs 4000000 people but international orders have dried up because of the covert 1900 pandemic. businesses in iran's capital will begin reop

is turning government is paying 2 of its biggest airlines to maintain their domestic flights over the next 8 weeks contests and virgin australia will receive $105000000.00 to keep flying critical metropolitan and regional routes the airlines say the money equal to $165000000.00 a stray and dollars is not enough. today's $165000000.00 announcement is going to mike the world of difference for those commuters who've come in from overseas done the 14 days of quarantine let me tell you if i landed in sydney and required to get back to perth with very limited services available it's a long drop in a hot car over the knob or inside that's going to mike a difference for them it's also of course going to have in those planes defense personal medical personnel but most importantly as will people and medical equipment they're going to gauges in sydney and she explains why the funds are particularly important for virgin australia the genesis truly a suspended trading in its shares on thursday and it has only been running one fly around the country it's a state because it hasn't been able to afford any more and the australian government ha

qantas and virgin australia will receive $105000000.00 to keep flying critical metropolitan and regional routes the airlines say the money equal to $165000000.00 australian dollars is not enough. human rights watch says it's concerned about a mass trial that's underway in saudi arabia nearly 70 palestinian jordanian residents are accused of terrorism they were arrested 2 years ago during a crackdown on those with alleged links to the gallons of base group hamas human rights watch says it's documented accusations of torture and of abuse all right up to date with the headlines hit on al-jazeera got more news coming up right off the inside story africa. with cities in lockdown because of the global pandemic working from home has become the new normal for many so what are the benefits challenges and will this change the way we work this is inside story. hello welcome to the program i'm. the coronavirus pandemic has fundamentally changed the way we live in just the last few months governments trying to hold the spread of the disease have imposed strict lock downs that means hundreds of millions of people are now

virgin australia has collapsed. deloitte has taken control of the carrier. branson said the airlines in the u.k.ustralia will not survive without state help. he is also trying to raise as much money as possible. ibm is reporting falling revenue. byes declined nearly three 5% in the first quarter. the latest in a hurdle for the company in transition. expects a demand for hardware to remain stable. co-chief executive jennifer morgan is leaving the company at the end of april. she was appointed to the position at the german software company in october. bridget klein will now be the sole leader. sap reduced month, its annual revenue forecast saying the virus had derailed significant amounts of business. that is your bloomberg business flash. said the dividends of 1.58 stays and will be dealt -- at their may 20 annual general meeting. let us look at the hardest hit sectors by the coronavirus. you had a rebound in march from a low. now, they are down more than a began ince the selloff late february. european hotel operators have seen their shares tank as occupancy levels plummet to record lows. here i

refused to bail about the day to day running of virgin australia is to be placed in control of another company while its assets are assessed the airline had asked for an $800000000.00 emergency loan after travel restrictions lifted more than $3000000000.00 in debt. also with flights from stopping all flights from outside the europe's outside of europe's open border schengen area the french transport minister says she expects the closure to stay in place over the northern summer on the world health organization is warning against complacency as some european countries ease their restrictions nurseries in norway of reopened and small businesses are trading again in some parts of germany and denmark you are up to date with the headlines on al-jazeera inside stories next. talk to al jazeera. what you will of course were when you saw that document for the 1st story we listen to after the world war saying you'll you'll be in to go build united states your beautiful but we will not be with you we meet with global news makers and talk about the stories that matter on the ground 0 as economic pain starts to bite worldwide tears of the coronavi

virgin australia is in contact with the government as ministers try to ensure there is a competitive airlineustry after the virus. travelers are not expected to go overseas for at least six months and virgin and its rival qantas have grounded their staff. money towardsged aviation. is suspending production of three plants in south korea as the coronavirus slashes demand for new cars. two of the factories are closed and 300 kilometer -- in the capital at 300 kilometers to the south. beijing and shanghai high school children look at returning to classes in two weeks from now as the nation grapples with a new surge in virus cases this is bloomberg. ♪ . this is bloomberg. ♪ >> this is "daybreak asia." i am karina mitchell with the first word headlines. the oil price word is on hold with top producers restricting output. opec and its allies agreeing to slash production. mexico held out but u.s. pressure finally -- producers will cut an historic 9.7 million barrels of supply each day. meanwhile, the u.s. enters a new week with the highest number of coronavirus deaths in the world but with the admi

has forced the strain is 2nd largest airline into voluntary administration after the government refer. used to bail it out but day to day running of virgin australia is being placed in control of another company while its assets of taliban up travel restrictions and border closures grounded most of his fleet and compounded billions of dollars in preexisting debt because the gauge reports from sydney. with billions of dollars in debt and most of its fleet grounded the announcement surprised few virgin australia handed over its books to insolvency firm deloitte as board members placed it in administration it's the largest global airline to collapse or fall under the shock of the coronavirus outbreak this is not just something that is. strongly we know it's hurting the industry globally and it's the worst ideation process saying that the company will continue to operate while it's being restructured but it leaves nearly $16000.00 people in a strong uncertain about their jobs at a time when unemployment is rising due to cohabit 19 shutdowns and a global recession becoming a knee assertion reality. stars had already been stood down due to floods being

virgin australia, the government looks to assure that there is a competitive airline industry after theve most of their fleet and laid off staff. billionsnment has paid of dollars for aviation so far to avoid potential bankruptcies. let's take a look at where we are in terms of asian markets. as we have been reporting, asian markets mostly lower. call it shooters. investors mulling over several things. opec agreeing to cut production. brent seeing the wti and currently higher. wti crude up by almost 5%. 4.5. crude up by we are also looking at a possible recession, and how that will be reflected in the earnings numbers. a slew of earnings expected later this week u.s. and in china. expecting more than 200 companies to report earnings. withve encouraging signs the economy pretty much back online. record highs in march. to supportes, trying the economy. the government encouraging companies to start investing to help prop up our growth in the country. on growth, we will know friday what the first quarter gdp will look like. rishaad: indeed, we will be having a look at that. oil will be very