Retail prices fell 0.3 percent
UK retail sales fell 0.3 percent in February compared to a month earlier. This was announced by the British National Statistical Office. Economists had generally expected an increase…
Continue Reading
Despite the lockdown, London’s subways are still packed
Although Prime Minister Boris Johnson called on the people Monday night to stay at home as much as possible, London’s subways, the epicentre of the British corona outbreak,…
Continue Reading
German business confidence gets a further downgrade
The confidence of German entrepreneurs has plummeted even more than previously assumed, under pressure from the corona crisis in March. The leading research institute Ifo reported this on…
Continue Reading
Another significant drop in European commercial vehicle sales
Sales of new commercial vehicles in the European Union fell considerably in February, just as in January. Sales fell 6.2 percent year-on-year to 154,889 vehicles, auto industry association…
Continue Reading
Economic reforms in doubt as COVID-19 hits Ukraine
Measures to tackle the COVID-19 pandemic in Ukraine should include urgent progress on income-generating laws, experts warn. The newly appointed Cabinet of Ministers is yet to clarify the…
Continue Reading
Airlines and ground infrastructures eligible for crisis aid package
UK Treasury Secretary Rishi Sunak is quick to announce an aid package to the airline industry that has been hit hard by the corona crisis and measures to…
Continue Reading
European PMI at their record lows
The eurozone economy is severely affected by the coronavirus outbreak and government containment measures to curb the disease. In the service sector, for example, tourism, aviation, catering and…
Continue Reading