Qatar Airways lays off around 200 staff as coronavirus cuts air travel

Philippine labor secretary Silvestre Bello said around 200 Filipinos were unexpectedly laid off by Qatar Airways, and officials were determining what caused their termination. (AFP)
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Updated 18 March 2020
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Qatar Airways lays off around 200 staff as coronavirus cuts air travel

  • Coronavirus outbreak forces the Middle East carrier to slash flights

MANILA/DUBAI: Qatar Airways unexpectedly laid off about 200 Filipino staff in Qatar this week as the coronavirus outbreak forces the Middle East airline to slash flights, Philippine Labor Secretary Silvestre Bello told Reuters on Wednesday.

“Our labor attaché is under strict instructions to determine what is the real cause of the decision of management to retrench them on the basis of redundancy,” he told Reuters.

Qatar Airways did not respond to a request for comment.

The layoffs were reported earlier by ABS-CBN. It said the Filipino employees, including engineers and maintenance staff, were laid off on Tuesday.

The report said other employees also lost their jobs, though did not provide further details.

State-owned Qatar Airways had warned it would report its third consecutive loss this financial year, which ends this month, before the outbreak battered global travel demand.

It is one of the Middle East’s biggest airlines and most of its traffic transits through its Doha hub. It does not operate domestic flights.

Qatar has enforced strict entry requirements to stop the spread of the disease which has infected 442 people in the Gulf Arab state. All foreigners are banned from entering and the airline has cut flights to several destinations.

The International Air Transport Association has said $200 billion in government support could be needed worldwide to support airlines.


Silver crosses $77 mark while gold, platinum stretch record highs

Updated 27 December 2025
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Silver crosses $77 mark while gold, platinum stretch record highs

  • Spot silver touched an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits
  • Spot platinum rose 9.8% to $2,437.72 per ounce, while palladium surged 14 percent to $1,927.81, its highest level in over 3 years

Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of US Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.

Spot silver jumped 7.5% to $77.30 per ounce, as of 1:53 p.m. ET (1853 GMT), after touching an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits, its designation ‌as a US ‌critical mineral, and strong investment inflows.

Spot gold ‌was ⁠up ​1.2% at $4,531.41 ‌per ounce, after hitting a record $4,549.71 earlier. US gold futures for February delivery settled 1.1% higher at $4,552.70.

“Expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets. While there is some risk of profit-taking before the year-end, the trend remains strong,” said Peter Grant, vice president and senior metals strategist ⁠at Zaner Metals.

Markets are anticipating two rate cuts in 2026, with the first likely ‌around mid-year amid speculation that US President Donald ‍Trump could name a dovish ‍Fed chair, reinforcing expectations for a more accommodative monetary stance.

The US ‍dollar index was on track for a weekly decline, enhancing the appeal of dollar-priced gold for overseas buyers.

On the geopolitical front, the US carried out airstrikes against Daesh militants in northwest Nigeria, Trump said on Thursday.

“$80 in ​silver is within reach by year-end. For gold, the next objective is $4,686.61, with $5,000 likely in the first half of next ⁠year,” Grant added.

Gold remains poised for its strongest annual gain since 1979, underpinned by Fed policy easing, central bank purchases, ETF inflows, and ongoing de-dollarization trends.

On the physical demand side, gold discounts in India widened to their highest in more than six months this week as a relentless price rally curbed retail buying, while discounts in China narrowed sharply from last week’s five-year highs.

Elsewhere, spot platinum rose 9.8% to $2,437.72 per ounce, having earlier hit a record high of $2,454.12 while palladium surged 14% to $1,927.81, its highest level in more than three years.

All precious ‌metals logged weekly gains, with platinum recording its strongest weekly rise on record.