BoE cancels stress test for UK banks over crisis
The UK central bank is scrapping its annual stress test for major banks due to the corona virus crisis. The Bank of England (BoE) wants banks to now…
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German confidence evaporates as corona virus spreads over the country
German business confidence in the economy fell sharply in March due to concerns about the corona crisis. The leading research institute Ifo reported it on the basis of…
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Burberry turnout halved as public life goes nearly extinct
Burberry fashion brand saw its turnover halved since the outbreak and rapid spread of the new corona virus in late January. 40 percent of Burberry stores worldwide are…
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ArcelorMittal refinances a loan
ArcelorMittal steel company has taken out a $ 5.1 billion loan for its partnership with Nippon Steel. With this, AMNS, as the collaboration is called, finances the amount…
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Airbus halts the production in France and Spain
European aircraft manufacturer Airbus will shut down production at its factories in France and Spain for four days due to the outbreak of the new corona virus. According…
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Asian, Australian banks in full crisis mode
Central banks in Asia have entered crisis mode, after the US central banks’ umbrella surprised markets late last Sunday with a sharp fall in interest rates. All policies…
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EasyJet is highly sceptical on the industry perspectives
EasyJet low cost airline expects that the majority of the aircraft will remain on the ground in the short term. Due to the new corona virus, the demand…
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