CategoryWorld

Prime Minister Johnson has appointed a new top advisor. Dan Rosenfield will advise the British Prime Minister as chief of staff from 7 December. Rosenfield is a management consultant and previously worked for the Treasury Department. He follows the controversial Dominic Cummings as head of Johnson’s team of advisors.

European demand for Steel has reached a low point and is expected to rise considerably. That’s what Deutsche Bank analysts say. According to market researchers, there is selective value throughout the sector. However, Deutsche Bank appreciates stainless steel producer Aperam to hold, where a buy advice was given earlier. Steel Group ArcelorMittal is one of DB’s favourite shares in the...

Coronacrisis continues to have a negative impact on the situation in European industry and services. Especially now that the virus has been around again in recent weeks and many countries are taking additional measures to prevent further spread. This can be seen from preliminary figures from the British market researcher Markit for the month of November.

The European stock exchanges were closed with losses on Thursday. Concerns about the economic damage caused by the second wave of virus outbreak have re-emerged. Investors continued to take it easy after the march earlier this week in the euphoria about coronavaccins. On the Damrak, the Unibail-Rodamco-Westfield Retail Property Fund was under pressure after the top man left.

Liquor maker Lucas Bols, known for example for Passoã and Galliano, is hit hard by the COVID-19 crisis. Profit and turnover fell sharply in the first half of the broken financial year. Similarly, in recent months, following the easing of lockdown measures worldwide, there has been a strong recovery. This was also due to various initiatives to get people at home to drink cocktails and save costs.

Air France-KLM airline group is considering raising another EUR 6 billion in additional capital from the French and Dutch authorities and other investors. The French newspaper Le Monde reported this on the basis of initiates. The company has already received aid totalling EUR 10.4 billion from the French and Dutch States, both of which are shareholders of the airline combination.

Housing rental site Airbnb has published its results for the planned public offering in December. The company, according to documents from the lower the results, as a result of the COVID-19 tourism came to a virtual standstill, but also an expected recovery in the long term.

Volkswagen is going to have a larger share of the research budget to spend on the development of electric and self-driving cars. The German car maker’s battle with rival Tesla, which is currently leading in this field.