Economic activity in the euro area weakened in September compared to August. The British market researcher Markit announced this on the basis of preliminary figures. Activity in the services sector was declining, but activity in the euro area industry was increasing.
The Irish budget airline Ryanair expects to operate even fewer flights in October than the reduced number previously mentioned. The low-coster cut his capacity by 20 percent. That’s what company did in mid-August.
Within the European Central Bank (ECB), voices are being raised to allow banks to pay dividends again. Some central bank policymakers believe that extending a call to banks not to reward shareholders does more harm than good, say sources of Bloomberg press office. However, there is still a group of policy makers who do not think a resumption of dividend payments is a good idea.
Consumer prices in the euro area did indeed fall slightly in August. The European Statistical Office confirmed with definitive figures a provisional measurement. Inflation in the euro area stood at minus 0.2%, equivalent to the previous measurement, which was the first negative value since 2016.
Aselle Tasmagambetova, the president and one of the founders of Saby charity fund rewarded by honorary citizenship of Semey city of Kazakhstan. Diploma and insignia was handed by the mayor of Semey personally.
The major Swedish bank Handelsbanken will close many branches and cut jobs because banking affairs are increasingly handled remotely. The number of Swedish branches should decrease to approximately 200 from the current 380 by the end of next year. A thousand jobs will be lost on the home market at Handelsbanken.
Hennes & Mauritz (H&M) is certainly not immune to the coronacrisis. The Swedish company experienced a 16% decrease in sales in the third quarter of its broken financial year. This was often due to the fact that stores worldwide had to close their doors. The profit was also significantly lower, as was reported in a provisional trade update.
The French state will do whatever is necessary to ensure the survival of Air France, part of Air France-KLM. Minister of Finance Bruno le Maire stated it on the French TV channel France 2. According to the administrator, much has already been done and that line will continue.