Business confidence took a nosedive on corona virus worries
Business confidence in the United Kingdom has fallen sharply as a result of the pervasive new corona virus. Consumers are also less sure about the financial future. This…
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ArcelorMittal reduces steel production: low demand and corona virus
Steel giant ArcelorMittal will temporarily reduce its production in line with the decreased demand due to the corona crisis. The rapid spread of the virus and the stringent…
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Renault closed all factories outside China and South Korea
The French car maker has closed all its factories, except those in China and South Korea, in connection with the outbreak of the new corona virus. Production will…
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G20 to hold emergency video conference
The G20 trade ministers, the economies of the twenty major industrial countries, will hold emergency talks on Monday about the corona crisis via a video link. It has…
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Fitch downgrades UK credit rating
Fitch credit rating agency has lowered its rating for the United Kingdom. As a result, borrowing money for the British government may become more expensive. The strong support…
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Boris Johnson declines to partner with EU against COVID-19
The British government has declined an offer by the EU to jointly purchase respiratory equipment to save money and resources in the fight against the corona virus. According…
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New Tesco vans with E-200 electric units are hitting the road in the UK
Tesco expanded its fleet in the UK with 52 new vans with Thermo King fully electric, inverter powered E-200 refrigeration units. Tesco wanted to increase the durability and…
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