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Asian countries on verge of severe recession due to corona crisis

Asian countries on verge of severe recession due to corona crisis

Despite all the efforts of Japan to help the economy battered by the coronavirus, its recovery more and more seems like a vague perspective. Prior to the pandemic, Japan's economy has already been staggered by low inflation and wallet-shutting tax increase. However, it was showing very bleak but reassuring signs of recovery. Yet, the coronavirus has put a deadly bullet through its heart.
15:29 2020-05-29 UTC+00
Germany to tighten rules on foreign takeovers

Germany to tighten rules on foreign takeovers

As the coronavirus is raging the eurozone, even Europe’s largest economy has been hammered by its impact. While the German government is trying to mitigate the crisis, foreign firms are licking their lips looking at the weakened German companies.
15:26 2020-05-29 UTC+00
Eurozone citizens deposit into savings accounts

Eurozone citizens deposit into savings accounts

The coronavirus pandemic has taught people a lesson. They began to save money in order to use it in a case of emergency.However, the largest producers are really suffering from this new habit that has become extremely popular during the crisis. Economists supposed that people would come back to normal life after the lifting of lockdown measures in Europe. However, the result is the opposite.
15:13 2020-05-29 UTC+00
UK economy shows first signs of recovery

UK economy shows first signs of recovery

The UK economy remains depressed. Its economic growth continues to slow as expected. The main reason, as we know, is the coronavirus pandemic and related lockdown measures. Besides, the ongoing dispute with the European Union over a trade agreement adds fuel to the fire. ​​Britain's economy contracted again in May, but at a much slower pace than in April.
15:09 2020-05-29 UTC+00
German government to take stake in Lufthansa

German government to take stake in Lufthansa

Lufthansa, the world's biggest airline group, is about to find a new co-owner. The German government is planning to take a stake in the firm after a 23-year break.According to experts, the German authorities intend to throw a 9 billion euro lifeline to recover the company which has been hit hard by the coronavirus crisis. The Economic Stabilization Fund (WSF) will enter into €5.
05:57 2020-05-29 UTC+00
China to allocate $2 billion to help countries hit by coronavirus

China to allocate $2 billion to help countries hit by coronavirus

During the 73rd World Health Assembly, held under the auspices of the World Health Organization (WHO), Chinese President Xi Jinping pledged to provide financial aid for countries severely affected by the coronavirus.
15:05 2020-05-28 UTC+00
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