European aviation giant Airbus Wednesday reported a first quarter net loss of 481 million euros under the impact of the coronavirus crisis.The loss compared to a profit of 40 million euros ($43 million) in the same period last year.Revenues fell 15.2 percent to 10.6 billion euros, reflecting a “market environment strongly impacted” by the pandemic, “particularly in commercial aircraft.” Reuters earlier reported that the European planemaker had given its starkest assessment yet of damage from the coronavirus crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action.In a letter to staff late last week, Chief Executive Guillaume Faury said Airbus was “bleeding cash at an unprecedented speed” and that a recent drop of a third or more in production rates did not reflect the worst-case scenario and would be kept under review.Topics :
Listings are up in most capital cities.NEW figures reveal a surge in property listings throughout Australia, with only one capital city experiencing a drop.The latest SQM Research listing report revealed that in February listings were up in every capital city except Hobart, where they dropped by 2.7 per cent.In Brisbane listings rose by 2.4 per cent for the month to reach 29,565 in February. Over the past year listings were up only 0.7 per cent.Brisbane’s increase was fairly small compared to Sydney, which rose 19.3 per cent in February and Melbourne which went up by 19.1 per cent during the same period.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus20 hours agoSQM Research managing director Louis Christopher said the rise in listings during February was to be expected after the January holidays finished.He said the rise in listings would help take the pressure off asking prices as buyers had more to choose from and were in a better negotiating position.He said in Hobart there was a shortfall of properties which would keep prices buoyant.At the same time as listings increased asking prices softened in many capital cities.In Brisbane asking prices for houses were up 0.1 per cent during February but for units were down 0.3 per cent.Sydney asking prices for houses were down 1.5 per cent and for units 0.6 per cent. While Melbourne asking prices for houses dropped 0.6 per cent and for units were up just 0.5 per cent.
The new edition of the Latin American Congress of Ports will take place in the Convention Center of the Conrad Hotel in Punta del Este, Uruguay, through November 6th to 9th, 2017.Convened by the American Association of Port Authorities (AAPA) Latin American Delegation in partnership with the Administración Nacional de Puertos of Uruguay (ANP), three days of technical sessions will serve to present and discuss major international port projects.In addition to this, there will be intense social and networking activities and a prominent space destined to commercial displays, in which the most representative industry suppliers participate.Founded in 1912 and headquartered in Alexandria, Virginia, the American Association of Port Authorities (AAPA) is the institution which represents the deep water public ports of the United States, Canada, Latin America and the Caribbean.The AAPA promotes the common interests of the port community and provides leadership in the areas of trade, transportation, environment and other issues related to port development and operations.
The No. 3 men’s water polo team suffered its first loss of the season on Sunday at the Kap7 NorCal Classic. The Trojans (10-1) racked up two wins against top-20 teams in the early rounds, but fell 9-7 to No. 2 UCLA in the semifinals.Greek freak · Senior driver Kostas Genidounias came up big for the Trojans at the Kap7 NorCal Classic this weekend, scoring seven goals in three games. The four-year starter leads the team with 32 goals so far this season. – Christoper Roman | Daily TrojanThe first game of the tournament was a rematch of the Trojans’ previous encounter against No. 19 Air Force; the results were very similar as USC took the match 20-7. Nonetheless, head coach Jovan Vavic said that the team approached the game differently than last time.“The first time we played them, they were very tired,” Vavic said. “They played four games prior to playing us, so we knew they would be much more physically exhausted in the game we played in Redlands. This game was the first game of the tournament, so we knew they’d be playing a little better.”The Trojans, as usual, started out hot with a 6-0 surge. In the end, eleven different scorers helped put the game away for this deep Trojan squad, including senior driver Rex Butler who led the game and the day in scoring for the Trojans. According to Vavic, though, Butler was not always a great collegiate scorer.“He’s become a better shooter,” Vavic said. “He was an excellent shooter when he came to us but wasn’t very confident. He would miss a shot and then he would shut down.”Vavic talked about Butler, emphasizing his all-around improvement.“Rex [Butler] is a mature player right now,” Vavic said. “He’s been with the program for four and a half years. He’s much more confident and much stronger. He was not physically strong when he first started playing for us. Now he’s a veteran. He knows the system. He has improved his defense very much.”Their second game against UC Santa Barbara was a much fiercer contest, but whenever the Gauchos got close, the Trojans started to pull away. USC surged again to a 3-0 lead at the start. The Gauchos cut the lead to 6-5 in the third, and again to 8-6. After that point, however, the Trojans were in control, eventually winning 12-7.In addition to Butler, senior driver Kostas Genidounias came out strong on Saturday. Together they are a key part to this team’s success.“They have a great understanding of each other’s movements in the water,” Vavic said. “They complement each other really well because both of them are good shooters but also are very good passers, and both are accomplished players. Having these two makes the opponent worry about what we can do.”The two seniors were near the top of the scoring lists in both games Saturday. Butler led scoring against Air Force in the first with four goals while Genidounias was tied for third with two scores. Against UC Santa Barbara, Genidounias led scoring with three goals, while Butler was tied for second with two goals.In addition to the two veterans, freshman goalie McQuin Baron also made a big impact for the Trojans on Saturday with a career-high 15 saves against the Gauchos. His previous high was 14 against Pacific earlier this season.The Trojans headed into Sunday never having trailed a minute of the season. But UCLA has been a thorn in USC’s side over the past few seasons and lived up to its reputation.USC fell behind 2-0 early on and finished up the first quarter at a 3-2 deficit. The Trojans fought their way to the forefront though, heading into halftime with a 5-4 lead. The two powerhouses traded goals throughout the third quarter. The Bruins took over in the fourth, though. USC had a 7-6 lead, but UCLA surged for three straight goals to win the game 9-7 and end the Trojans’ NorCal Classic title aspirations.Vavic reiterated the inexperience of his team but remained optimistic for the future.“We have so many new players,” he said. “I have confidence in this group … They know how to win.”