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 […]
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American Cruise Company Ends Ban for Chinese Travellers
American Cruise Company Ends Ban for Chinese Travellers. Cruise company Royal Caribbean Cruises has lifted the ban on access to the ship for residents of China, Hong Kong or Macau. At the end of last week, the second-largest cruise company in the world announced that passport-free tourists would be […]
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The European Stock Markets Took A Step Back on Friday Due to Coronavirus Impact
The European stock markets took a step back on Friday after the recent substantial rise. The fear of cooling of the Chinese economy due to the outbreak of the new coronavirus led to restraint. At the Damrak, Wereldhave and Flow Traders went down after disappointing trade reports. The AEX […]
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The EU is Ready to Conclude Free Trade Agreement With the United Kingdom
The EU is ready to conclude an “ambitious” free trade agreement with the United Kingdom, without quotas and taxes, on condition of open and fair competition. All goods entering the EU in the future must comply with EU health and safety rules and with European social and environmental norms […]
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The Coronavirus Outbreak is A Blow to the Macau Gambling Centre Economy
The coronavirus outbreak is a blow to the Macau gambling centre economy. The city-state, which is best known for its large casinos, received considerably fewer Chinese visitors in recent days. That is terrible news for the casinos that have to deal with the wealthy Chinese who come to gamble […]
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Credit Rating Agency Moody is More Negative about Hong Kong
Credit rating agency Moody’s is more negative about Hong Kong. This is mainly due to the “slow and inefficient response” of the government to the ongoing protests in the city-state. The hesitant action of the Hong Kong government is one of the reasons for doubts about the decisiveness of […]
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Bitcoin Drops Below $ 7000, the Lowest Level Since May
The exchange rate of the bitcoin fell to below 7000 dollars on Tuesday. Besides, the lowest level since May was tapped. Digital currencies have been under pressure for some time, partly due to the harsh tone of the Chinese central bank. He warned in November of the risks associated […]