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Germany Will Not Fully Recover from the Crisis Until 2028
The German economy will not fully recover from the corona crisis until 2028 at the earliest. That writes Der Spiegel based on a report by consultant agency McKinsey.
According to that report, there are signs that the impact of the…
Mcdonald’s Loses Sales After Restaurant Closings Due to Corona
Fast food chain McDonald's recorded fewer sales in the past quarter after large-scale closings of its restaurants due to the corona crisis.
The American company warned earlier this month about falling sales. Then the fast-food…
The company Behind Victoria’s Secret to Court for Millions Deal
L Brands, the company behind Victoria's Secret lingerie fashion house, is taking investor Sycamore to court.
The aim is to continue the million-dollar deal that the party recently withdrew from due to the corona crisis.
Sycamore…
Philip Morris Withdraws Prospects for 2020 to Coronavirus
Cigarette maker Philip Morris International is withdrawing its earnings expectations for the full year 2020.
Emergency measures against the new coronavirus affect the sale of tobacco products, especially in duty-free shops at…
Boeing Again Loses Order for 737 MAX
The Chinese bank and leasing company China Development Bank Financial Leasing has cancelled order from Boeing for 29 aircraft of the type 737 MAX.
The American aircraft manufacturer, which is already in heavy weather, is missing…
Retailer Sales in the U.S. Declined at Sharpest Pace in March Due to Corona Crisis
Retailer sales in the United States declined at their sharpest pace in March due to the corona crisis. Measures to control the outbreak have closed many stores and left Americans at home.
While many groceries and household products…
Trump: Airlines Relief Plan is Coming This Weekend
U.S. President Donald Trump said Thursday (local time) that his government would release more details over the weekend regarding a $ 32 billion aid program for airlines in the United States.
They have been hard hit by the…
Fed Comes With $ 2.3 Trillion Aid Package to Steer the US Economy
Fed Comes With $ 2.3 Trillion Aid Package to Steer the US Economy. The Federal Reserve has again announced a series of measures to steer the US economy through the corona crisis.
This adds up to some $ 2.3 trillion ($ 2300 billion) in…
The Corona Crisis Wallops the American Labour Market
Employment in the United States shrank the most in years in March due to the corona crisis. This is evident from the monthly jobs report from the US government.
This once again makes it clear that the virus outbreak is walloping…
British Airways Suspends All Flights from Gatwick
British Airways will temporarily stop flying from London Gatwick Airport. The decision to stop flying from the second busiest airport in the UK has been made to cut costs to survive the corona crisis.
British Airways CEO Alex Cruz…