Shell hopes to achieve zero-emission sooner than 2050
Shell is tightening its own climate targets. The Dutch-British oil and gas group wants to achieve zero emissions on its own production chain by 2050, but sooner if…
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Central Bank of France reports a steep decline in retail sales
Store sales in France fell by nearly a quarter in March compared to a month earlier as many stores were closed due to the corona crisis. The French…
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The virus of change: intellectuals argue that the World will never be the same
The corona crisis exposes problems that have long lurked beneath the surface. Solutions that were previously dismissed as radical now suddenly seem quite acceptable. De Volkskrant examines five…
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British GDP may tumble 30 percent
The British economy may shrink by as much as 30 percent in the second quarter due to measures to combat the coronavirus, causing public life in Britain to…
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Eurozone will dive into deeper recession than other countries
The corona crisis will cause the eurozone countries to experience a deeper recession compared to other countries in the world. That said the Vice-President of the European Central…
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No firm agreement at G20 / Opec+ meeting
The energy ministers of the twenty largest economies have not made any further agreements about limiting oil production. The final statement following a video conference on Friday states…
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Moody’s expects that air traffic will loose one third of the volume
The European airport sector is under severe pressure from the outbreak of the corona virus. Experts from credit rating agency Moody’s have lowered their forecast for the industry…
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Guaranteed billion-dollar loan to save Air France-KLM in progress
Air France-KLM is in talks with banks about up to 6 billion euros in loans, guaranteed by the French and Dutch governments. Anonymous sources report this on Friday.…
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Timur Kulibayev and the outstanding case of selling Aktaunefteservis oil company to KazMunayGaz
EconomicInform US/EU business magazine posted a piece on Timur Kulibayev’s 2011 trick with selling his own asset – “Aktaunefteservis” oil and gas company – KazMunayGaz, Kazakhstan’s energy giant.…
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Fitch warns about possible Dutch banks rating downgrade
Credit rating agency Fitch warns that the corona crisis could have adverse consequences for the creditworthiness of Dutch banks. The company is more gloomy about ING, Rabobank and…
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