The measures taken by many European countries to control the second wave of the coronavirus create much additional economic uncertainty for businesses and families. President Christine Lagarde of the European Central Bank (ECB) stressed that the heavy toll the virus measures are taking on the services sector, which accounts for three quarters of jobs in the euro area, is of particular concern.
Governments and institutions around the World are working around the clock to fight COVID-19. Some individuals, first of all entrepreneurs, make their input too. Kenes Rakishev and Saby Fund spent more than 40 million USD to help his country and its people to keep COVID-19 numbers low.
Despite recommendations from the health authorities, Ireland is not completely locked in the fight against the coronavirus. The Irish government rejects the proposal for a total lockdown for fear of extremely damaging effects on the economy. But over the next three weeks, more stringent measures are going to apply across the country, Prime Minister Martin announced. The government is asking...
Trade union FNV Aviation is dissatisfied with the way KLM’s ground staff are treated differently from pilots and is in danger of not signing the agreement on the adaptation of working conditions. This agreement is essential for KLM to obtain state aid from the Dutch authorities.
The French luxury group Louis Vuitton Moët Hennessy (LVMH) has had a lower turnover in the last quarter than a year earlier, but the damage caused by the coronacrisis is less than in the spring. Especially a revival in the sale of luxury bags and other fashion items limited the damage.
The US business bank Goldman Sachs benefited from the increased activity on the financial markets in the third quarter. The bank’s trading branch did a good job with this, as did, for example, the management of stock declarations and stock exchanges.
Finland is working on a new law that will criminalise the sending of unsolicited explicit photos. The Finnish Ministry of Justice announced today that, in renewing the laws on sexual crimes, harassment by means of messages and photographs will also be punishable.
The cruise ships that have been off the coast of Scheveningen and Noordwijk since May are about to depart. The ships stopped off the coast because of the coronacrisis. From the beach they were very visible. The ships are leaving for the United Kingdom because the weather is changing and they are a little gunned down.