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Residential Construction in the US Was Hit Hard Again by the Corona Crisis
Home construction in the United States is very much undermined by the corona crisis and mitigation measures to combat the virus outbreak.
According to the U.S. government, the number of homes under construction plummeted in April…
European Parliament Wants the Recovery Fund of 2000 Billion Euros
The majority of the European Parliament (505 votes in favour, 119 against, 69 abstentions) adopted a resolution on an economic recovery plan for the EU of EUR 2000 billion in the context of the corona crisis.
The fund should be on…
Car Manufacturer Aston Martin in Red Because of the Corona Crisis
British luxury carmaker Aston Martin Lagonda suffered a significant loss in the first quarter, with sales falling sharply due to the corona crisis.
Due to the virus outbreak, factories were shut down and Aston Martin dealers…
Aviation Concern Virgin Atlantic is Cutting 3,150 Jobs
British airline Virgin Atlantic puts up to a third of its staff on the street and stops its flights from London's Gatwick airport. This concerns approximately 3,150 jobs in all departments.
Due to the corona pandemic, the partner…
New York Stock Exchanges Started Trading on Wednesday With Gains
New York stock exchanges started trading on Wednesday with gains. Investors on Wall Street are once again processing a series of company figures.
Netflix, Snap, AT&T, Kimberly-Clark and Delta Air Lines, among others, opened the…
25 Million Jobs at Risk Due to Air Travel Failures
At least 25 million jobs in the aviation and travel industry are at risk from the massive loss of air travel due to the new coronavirus.
The international trade association IATA warns about this. According to the organization, more…
World Bank and IMF Call for Debt Relief for Developing Countries
The World Bank and the International Monetary Fund want developing countries not to have to pay off debts for the time being.
The two organizations are asking the G20 countries to take that step so that the most impoverished…
Dow-Jones Index Has Lost All Profits Since Trump Election
The Dow-Jones index on the New York Stock Exchange has lost all gains since the election of President Donald Trump as President of the United States in 2016.
Trump himself has repeatedly pointed to rising stock prices in recent…
The British Government is Counting on Lower Growth
Economic growth in the United Kingdom this year is lower than previously assumed. That's what the British finance minister Rishi Sunak said when presenting the budget in the lower house.
This year the economy is expected to grow by…
The Stock Exchanges in New York Opened With Profits on Wednesday
The stock exchanges in New York opened with profits on Wednesday. With that, they show something of a recovery after the heavy losses of the last few days, when the stock markets closed deep in red due to concerns about the spread of the…