German entrepreneurs’ confidence in the economy recovered slightly in May. The leading research institute Ifo reported that, after an all-time low in April.
May brought some hopes to German economy
M
Michael O’Leary asks to cancel the 14-day quarantine measure
M
Ryanair wants the governments of the United Kingdom and Ireland to suspend the measure that travellers must be quarantined for 14 days on arrival. “It is ineffective and impracticable,” said Michael O’Leary, the company’s CEO.
The Eurozone recovery reported – which isn’t recovery after all
T
Euro area economic activity is very cautiously recovering from the previous severe blows from the corona crisis, aided by the relaxation of lockdown measures. British market researcher Markit reported it. Markit previously released figures for France and Germany, which showed early signs of recovery, although there is still clear economic contraction.
Prince Charles saddened by the Ireland trip cancellation
P
Prince Charles finds it very sad that he and Camilla are not travelling to Ireland and Northern Ireland this year due to the corona crisis. The British Embassy in Dublin looks back on Tuesday on a special visit by the Prince to Ireland, exactly five years ago. Charles also made himself heard.
Macron lost majority in the parliament
M
Defectors from President Emmanuel Macron’s governing party on Tuesday announced the creation of a new group in the French House of Representatives, depriving the president of an outright majority and increasing pressure on more leftist policies.
Emirates Group aviation company to ditch 30,000 jobs
E
Dubai-based aviation concern Emirates Group plans to cut up to 30,000 jobs to deal with the corona crisis. Insiders reported this to Bloomberg news agency. Due to the measures to curb the virus outbreak, the Emirates fleet is almost completely grounded.
EU exports in sharp decline
E
Eurozone exports fell by 6.2 percent in March compared to a year earlier, under pressure from the corona crisis. The European statistics agency Eurostat announced this.
The Dutch economy shrank at fastest pace since financial crisis
T
The Dutch economy shrank at the fastest pace in the first quarter as a result of the corona crisis since the low point of the financial crisis in 2009. Statistics Netherlands (CBS) reports this.