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 […]
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Wall Street Turns Deep Red After the Cooling Period
The stock exchanges in New York turned dark red on Monday. Due to the significant losses in the opening minutes, trading was even temporarily halted. Concerns about the new coronavirus continue to dominate global markets. A new, unexpected rate cut by the Federal Reserve (Fed) has yet to turn […]
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Volkswagen Pays Diesel Engine Owners Compensation in Germany
Volkswagen Pays Diesel Engine Owners Compensation in Germany. German owners of a Volkswagen with a tamper-evident diesel receive money from the automaker. The German company reached an agreement on this with an umbrella organization for consumer associations. VW allocates a total of 830 million euros for this. Approximately 260,000 […]
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Tourism Sector in Asia is Hit by More Than 100 Billion
The outbreak of the coronavirus in China is estimated to cause more than $ 100 billion in damage to the Asian tourism industry. According to them, hotels, restaurants, shops, airlines and other travel-related companies in many Asian countries are missing out on income because the Chinese, in particular, are […]
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British Inflation Has Risen Faster Than Expected in January
UK inflation has risen faster than expected in January. Every year, the money depreciation was 1.8 percent, the National Statistics Office reported. Prices of energy, gasoline and airline tickets in mainly boosted inflation. The rise in inflation is probably only temporary. The increase in gas and electricity prices was […]