Japanese auto group Nissan Motor plans to cut more than 20,000 jobs worldwide due to the negative consequences of the corona crisis. That reported news agency Kyodo News. Due to the crisis, car sales fell sharply, and factories had to be closed. It was previously reported that Nissan was […]
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Transavia Will Gradually Restart Its Flight Schedule From June 4
Transavia will gradually restart its flight schedule from June 4. According to the airline, this can be done by relaxing progressively travel restrictions in Europe. Customers would also be interested in travelling again. From June 4, Transavia flies from Amsterdam to six destinations in Greece, Portugal and Spain. Every […]
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Ryanair Wants to Resume A Large Number of Flights From July 1
Irish airline Ryanair plans to resume 40 percent of its flights from July 1. Passengers and cabin crew will wear face masks while temperature tests are introduced, Ryanair said. The plan is to carry out around a thousand flights every day, bringing the vast majority of the network back […]
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New York Stock Exchanges Open With-Profits
The stock exchanges in New York opened on Wednesday with gains. Investors incorporated the report from payroll processor ADP about the massive job losses in American business. The hope that economic activity will increase again supports trade, as more US states and European countries seem to be easing corona […]
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The New York Stock Exchanges Started With Losses on Friday
The New York stock exchanges started losses on the new trading session on Friday. Technology giants Amazon and Apple plunged after their quarterly results were released. Investors also received results from a variety of companies, including those from oil giants Chevron and ExxonMobil. Shortly after opening, the Dow-Jones index […]
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Twitter Attracts A Quarter More Users Due to the Corona Crisis
Social media company Twitter has never attracted as many additional users as in the first quarter of this year due to the corona crisis. The number of daily active users rose by 24 percent year-on-year to 166 million as people want to know and share everything about the corona […]
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American Oil Company Near Bankruptcy Due to Low Oil Price
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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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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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 […]