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British Retail Sales are Plummeting in Crisis
British Retail Sales are Plummeting in Crisis. UK retail sales fell at a record pace in April due to lockdown measures against the coronavirus.
According to figures from the British National Statistical Office, sales plummeted by…
The Stock Exchanges in New York Started Trading Week With Gains Monday
The stock exchanges in New York started trading week with gains Monday. Sentiment on Wall Street is helped by a decline in coronavirus cases.
In addition, President Jerome Powell of the Federal Reserve said that the US central bank…
The Stock Exchange in Japan Closed Slightly Lower on Tuesday
The stock exchange in Japan closed slightly lower on Tuesday. Most other stock markets in the Asian region also went down.
Investors remained cautious about concerns about a new corona wave as a result of the relaxation of lockdown…
20.2 Million Jobs in American Business are Lost Due to Crisis
Employment in US business has plummeted in April. Many companies have closed their doors due to the corona crisis. According to payroll processor ADP, the contraction amounted to 20.2 million jobs.
Economists had generally…
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…