German business confidence gets a further downgrade
The confidence of German entrepreneurs has plummeted even more than previously assumed, under pressure from the corona crisis in March. The leading research institute Ifo reported this on…
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Another significant drop in European commercial vehicle sales
Sales of new commercial vehicles in the European Union fell considerably in February, just as in January. Sales fell 6.2 percent year-on-year to 154,889 vehicles, auto industry association…
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Netherlands provided adequate measures to protect banks
The impact of the corona crisis on Dutch banks is limited by measures taken by authorities to mitigate the negative consequences. Credit rating agency Moody’s reported this in…
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Economic reforms in doubt as COVID-19 hits Ukraine
Measures to tackle the COVID-19 pandemic in Ukraine should include urgent progress on income-generating laws, experts warn. The newly appointed Cabinet of Ministers is yet to clarify the…
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European PMI at their record lows
The eurozone economy is severely affected by the coronavirus outbreak and government containment measures to curb the disease. In the service sector, for example, tourism, aviation, catering and…
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British specialty chemical company builds hand factory in ten days
British specialty chemical company Ineos will build a trading plant in the UK within ten days. The plant will be located near the town of Middlesbrough in the…
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Primark lost £650 million in monthly turnover
The closure of all stores of the British Primark clothing chain due to the quarantine measures resulted in a monthly loss of turnover of £ 650 million, or…
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