The American oil company Diamond Offshore Drilling has filed for Chapter 11 bankruptcy because of the unprecedentedly low oil prices. For the first time in history, parties had to make additional payments last week to supply US oil. The oil price plummeted because of the collapsed demand caused by […]
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Barnier Criticizes British Delays in Negotiations
The UK is holding back progress in discussions with the EU on the future relationship in several areas. EU chief negotiator Michel Barnier said Friday after a week of talks. For example, no progress has been made in the field of fisheries. “The EU will never reach an agreement […]
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France Will Reopen Schools on May 11
In France, schools will reopen on May 11, but students do not have to go. It is still voluntary. The reopening is part of the first loosening of the French corona measures announced in mid-March. In the fight against the coronavirus, there is also an advisor to cover outside […]
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The Vietnamese Government is Forcing Facebook to Censor
Facebook is going against its own principles in taking offline posts more often in Vietnam if they criticize the government. It does that after heavy pressure from the country. Facebook has been trying to balance for years between enabling free speech and fighting fake news or calls for hatred. […]
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IMF Nevertheless Pays Emergency Aid to Bosnia and Herzegovina
The International Monetary Fund (IMF) is nonetheless providing emergency assistance to Bosnia and Herzegovina to overcome the corona crisis. The fund previously threatened to withdraw its support if the Balkans were to undermine a significant currency arrangement. It concerns rapid emergency financing of converted 333 million euros, which even amounts […]
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Merkel: Germany Should Not Support the Economy Too Much
If Germany pledges too much financial aid to companies to mitigate the consequences of the corona crisis, other European countries like Spain and Italy will be able to point to the country and say Germany has enough money. That is what German Chancellor Angela Merkel said in a meeting […]
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Nokia Defends Itself Against A Hostile Takeover
Nokia, together with an investment bank, is currently defending itself against a hostile takeover bid. But the network company denies the rumours. The rumour comes from the TMT Finance financial website. Besides, Nokia would have hired Citi to help defend itself against that takeover. It is not known who […]
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German Automakers Restart Production After Easing Lockdowns
German automakers such as Volkswagen and Mercedes-Benz will resume production next week, in line with the easing of the lockdown in Germany and other European countries. Germany will reopen some stores from next week, Chancellor Angela Merkel promised. Children from eastern neighbours can also go back to school from […]
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The Stock Exchanges in New York Started with Losses on Wednesday
The stock exchanges in New York started losses on the new trading day on Wednesday. Sentiment on Wall Street is fueled in part by dramatic data on U.S. retail sales as a result of the corona crisis. The industry around New York is also severely affected by the virus […]
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In Germany, Public Transport Passengers are Required to Wear Face Masks
In Germany, public transport passengers are required to wear face masks. And preferably wherever people cannot keep enough distance from each other. That is what a group of experts from the National Academy of Sciences advises. Head of government Angela Merkel had already said that she would take the […]