Euro area PMI confidence index is full of cautious optimism
Activity in euro area industry is increasing faster this month than the month before. Markit announced this on the basis of preliminary figures. In the services sector, activity…
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Let the virus fly, asks IATA
The aviation sector benefits from open borders and therefore calls for COVID-19 tests to enable more travel. According to IATA, quarantine measures and border restrictions undermine the free…
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British car manufacturers have reasons to fear no-deal Brexit more than lockdown
The effects of a no-deal Brexit could have a longer-term adverse effect on British car makers than the corona crisis. That says rating agency Moody’s pointing to Jaguar…
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COVID-19 pandemic caused record budget deficit of 208.5 billion
In the first half of the fiscal year, which began in April, Britain’s budget deficit has risen to the unprecedented level of GBP 208.5 billion. This happened due…
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Direct foreign investments heavily affected by Brexit
Britain’s departure from Europe is even worse for the country’s economy than previously thought, British scientists predict. Foreign investment, a cornerstone of the economy, is down by 37%.…
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Alibaba group takes majority of Sun Art Retail shares
The Chinese technology group Alibaba invests billions of dollars in the Chinese supermarket Sun Art Retail. In doing so, Alibaba doubles its interest in the running of hypermarkets.…
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Moody’s downgrades UK credit rating
The US credit rating agency Moody’s downgrades the UK credit rating due to the approaching Brexit and COVID-19 crisis. According to the Moody’s scale, Britain drops from Aa2…
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