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Industrial Sales Plummeted in the Second Quarter Due to Corona
Industry turnover in the second quarter was nearly 17 percent lower than a year earlier, reports the Central Bureau of Statistics (CBS).
In mid-March, measures were taken by the government to combat the coronavirus.
Partly because…
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Nokia Wins Patent Case From Daimler Sales Ban Threatens
The German automaker Daimler may be faced with a ban on the sale of Mercedes-Benz cars in Germany after the loss of a patent case with the Finnish Nokia.
Daimler would have equipped the cars with Nokia mobile technology without…
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Earning Season for Investors is Almost Over
In the stock markets, the earnings season, in which many large companies publish their quarterly figures, is almost over.
But these remain busy times for investors who need to keep an eye on the latest developments around the…
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Knorr Gypsy Sauce is Renamed in Germany
In Germany, food manufacturer Knorr stops using the name gypsy sauce because it would be discriminatory.
Gypsy sauce from Knorr will soon be on the shelves there as Paprika sauce the Hungarian way. Parent company Unilever has…
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British Economy Shrinks More Than 20 Percent Due to Corona Crisis
The UK economy shrank by more than 20 percent in the second quarter as a result of the corona crisis. This is the most substantial economic setback in a major European country in the recent period.
In fact, the United Kingdom's…
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The Number of Benefit Claims in the United Kingdom is on the Rise Again
The number of benefit claims in Great Britain is on the rise again, after a limited decrease in June.
More than 94,000 claims for unemployment benefits were added last month, according to the British statistics office.
The corona…
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Economic Recovery in France Slower Than Expected
The pace of economic recovery in France is slowing. That emerges from a report by the central bank of France.
In July, economic activity was 7 percent below average. A month earlier, that was 9 percent.
However, a similar level to…
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Trump Threatens to Step in If the Deal on Corona Support is Forthcoming
US President Donald Trump promised to act unilaterally on Friday (local time) to suspend payroll taxes for all Americans until the end of 2020 and possibly longer.
Supplementary unemployment benefits and other corona aid will also…
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