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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In IT, Innovation and Startups
Kenes Rakishev managed to climb higher in the Forbes rating
The collapse of oil and gas prices, geopolitical unrest and the pandemic caused by the worst virus in a century — all this dealt a heavy blow to…
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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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Boris Johnson called on British business to start preparations for a Brexit without agreement
British Prime Minister Boris Johnson called on British business on Friday to start preparations for a Brexit without agreement, also known as the No deal-Brexit. According to him,…
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