World, As Seen from the most beautiful islands: Ireland and Cyprus

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Resuming of the bank dividend payments left ECB staff divided

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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.

Negative inflation in Euro zone

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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.

Handelsbanken closes branches, fires staff

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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 sales weakened by COVID

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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.

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news.

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