Matthew P., Author at Talk Finance

France recorded the steepest GDP decline ever measured

31st July 2020 Matthew P.

France’s economy declined in the second quarter at a record rate of 13.8% compared to the previous period due to the coronacrisis and lockdown measures to combat virus…

In Money Matters

IAG in favour of issuing new shares to increase liquidity

31st July 2020 Matthew P.

The IAG airline, a parent company of British Airways, among others, wants to raise nearly EUR 2.8 billion with a new share issue to withstand the COVID crisis.…

In Money Matters

London Stock Exchange in talks to sell Borsa Italiana and MTS bond trading platform

31st July 2020 Matthew P.

London Stock Exchange (LSE) is looking to sell the Italian Stock Exchange Company Borsa Italiana. LSE is also considering a sale of the Italian bond trading platform MTS,…

In Money Matters

Lloyds suffers losses, accumulates funds for bad loans portfolio

30th July 2020 Matthew P.

The Lloyds bank suffered losses in the second quarter. The Financial Group was left with money before a provision of GBP 2.4 billion went into the books of…

In IT, Innovation and Startups

Recorded Future uncovers Chinese hackers operation targeted Vatican

29th July 2020 Matthew P.

Chinese hackers have penetrated the Vatican’s computer network for three months, US internet security company Recorded Future reports. It’s probably the first time hackers linked to the Chinese…

In Foreign Affairs

IMF provides emergency funding for South African Republic

28th July 2020 Matthew P.

The International Monetary Fund (IMF) provides USD 4.3 billion of emergency loans to South Africa to help the country combat the corona crisis. It is the IMF’s biggest…

In Domestic Affairs

TUI withdraws from routes to Spain

26th July 2020 Matthew P.

In a strange decision the government reintroduced quarantine rules on the hottest summer destination. From now travellers returning from Spain, including Canary islands, are subject to voluntary two…

In Money Matters

Rush for safe havens drove gold to 2011 heights

25th July 2020 Matthew P.

The gold price rose to over $ 1900 per troy ounce (31.1 grams) on Friday, bringing the record level of September 2011 closer. The gold price has been…

In Domestic Affairs

British retail fully rebound to pre-COVID level

24th July 2020 Matthew P.

Retail shopping is fully restored to February levels, but the consumer confidence is still negative. Does it means that depressed shoppers buy stuff out of the misery? Sales…

In Foreign Affairs

The eyewear saga seems to have no end

23rd July 2020 Matthew P.

European Commission is presented with seemingly simple task to allow or deny EssilorLuxottica the right to acquire GrandVision. It is not about something lifesaving and utterly important. It’s…