Carnival Corp.  (CCL) – Get Report said Tuesday that its expects a third quarter loss of around $3 billion and that it could sell around $1 billion in common shares as part of a capital raising plan.

Carnival said in a Securities and Exchange Commission filing Tuesday that its loss for the three months ending in August is expected to be $2.9 billion on a U.S. GAAP basis, a figure that includes non-cash charges of around $900 million. Its third quarter cash burn rate was pegged at $770 million, the company said, a figure it expects to slow to $530 million over the three months ending in November. 

However, it also said that second half bookings for its cruise ships were ahead of their historic averages, as customers return to the travel sector following months of coronvirus lockdowns in key markets around the world.

Carnival is expected to

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Learner drivers hoping to book a driving test before Wednesday will be left disappointed after an “unprecedented” surge in demand crashed the booking website.

The Driver and Vehicle Standards Agency (DVSA) is currently administering “urgent maintenance” to the site, which experienced a surge in users when it reopened following several months of suspension due to the coronavirus lockdown.

More than seven million visitors attempted to access the service in 12 hours.

On Saturday, the agency confirmed that the service will now be offline until 8am on Wednesday.

‘Unprecedented demand’

DVSA chief executive Gareth Llewellyn said: “Coronavirus has severely impacted our business-as-usual operations, including by stopping driving tests in March.

Hundreds of thousands could be stuck in the backlog (Photo: PA)

“Since then DVSA have only been dealing with applications for emergency driving tests for critical workers.

“Following unprecedented demand for the driving test

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Kia Motors India said its all-new smart urban compact SUV, the Sonet, has generated a record 6,523 bookings on the very first day.

Prospective customers were able to book the car online at the official Kia Motors India website and via the company’s countrywide dealership network by paying an initial booking amount of ₹25,000.

Kookhyun Shim, Managing Director & Chief Executive Officer, Kia Motors India, said: “The tremendous response to the all-new Sonet proves that there is never a bad time to launch a good product. It also shows that the faith of Indian consumers in Brand Kia has grown leaps and bounds over just one year of our operation in India. With the Sonet, we offer customers a product that boasts world-class quality, powerful design, cutting-edge technology, unparalleled features and a staggering variety of options. I would like to assure the customers that Kia Motors is fully committed to

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Among the top 16 tourism markets in the world, India is at the third last place in hotel bookings recovery for the week ended August 9, 2020, compared to the same week last year. However, in terms of weekly average recovery rate between week 22 and week 32 of 2020, India is at the absolute bottom.

This challenging trend is expected to continue as the traveller sentiment remains weak, with Covid-19 spreading in tourist centres such as Goa, Rajasthan, the North-East and Karnataka.

Globally, the US (67 per cent), China (66 per cent), Germany (41 per cent) and Canada (41 per cent) have witnessed strong recovery in the same period as restrictions ease in these countries and they move towards normalcy. India registered a 3 per cent recovery in week 22 of 2020 (May 25-31), slowly rising to 12 per cent in week 27 (June 29-July 5) and 20 per

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