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 […]
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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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OPEC and Russia Confirm Agreement on Production Restriction
In a statement, members of the OPEC oil cartel and ally Russia confirmed that they agreed on Thursday to cut production. In May and June, 10 million barrels less per day are produced to support oil prices. Then production is increased again. Between July and December, the production decrease […]
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Adidas Wants More Than 1 Billion Euros in Credit Via Government
Sportswear manufacturer Adidas plans to turn to the German government for subsidized loans of at least 1 billion euros. Bloomberg news agency reports this based on insiders. Measures against the new coronavirus wallop Adidas. Many of its own shops are closed. However, the group returned to the decision not […]
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The Stock Markets in New York Started Trading Lower on Tuesday
The stock markets in New York started trading lower on Tuesday, after the nice pluses a day earlier. Wall Street is concerned about the rising death toll in the United States from the new coronavirus. US investors are also looking at better-than-expected figures on Chinese industry, which showed unexpected […]
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Singapore Airlines Keeps Almost the Entire Fleet on the Ground
Airline Singapore Airlines reduces its capacity by 96 percent and keeps almost its entire air fleet grounded. The measures are in response to global travel restrictions due to the new coronavirus. The company calls the corona crisis “the greatest challenge” it has ever faced. The global travel hub in […]