Rolls-Royce to cut 9,000 jobs as air travel collapses
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The aircraft engine builder Rolls-Royce is to cut 9,000 jobs, or around a fifth of its global workforce, because of the impact of the Covid-19 pandemic. The company, like its French rival Safran, has suffered from the plunge in air travel due to lockdown measures in many parts of the world. Also today, Mali becomes the first African country to secure a moratorium on its debt payments for 2020, after an agreement with the 'Paris Club' of creditors.