CategoryWorld

A partnership between Shell and the Brazilian ethanol producer Cosan is looking at a takeover bid for the local sugar producer of the major international agricultural trader Louis Dreyfus. People close to the sources reported it.

Google parent company Alphabet is abandoning a plan to rent office space for up to 2000 employees in Dublin, which would have been one of the biggest real estate deals in the Irish capital of recent years. No reason was given by the American technology group to walk away from a lease.

Rating agency Standard & Poor’s (S&P) is more negative about the Irish airline Ryanair because of the malaise in the aviation sector caused by the coronacrisis. S&P reduces the creditworthiness outlook to negative, which means there may be a downgrading of the credit rating for Ryanair.

It is too early to be optimistic about energy prices, even after the recent rise in the price of gas. That’s what Maarten Wetselaar says, manager at Shell at a virtual Gastech summit. According to him, government stimulus measures will end at some point, and economic recovery will depend on the availability of a vaccine for the coronavirus.

Ryanair raised approximately EUR 400 million with a new share issue. The airline informs us that it wants to use the money for growth opportunities after the coronacrisis.

The growth of the large Chinese service sector stabilised in August. This was reflected in the purchasing manager index of market researchers Caixin and Markit.

The French producer Pernod Ricard saw a sharp fall in turnover in his broken business year as a result of the coronacrisis. There were fewer sales worldwide to bars and restaurants, which temporarily closed the doors to prevent the spread of the virus. And because of the malaise in aviation, sales to travellers also fell. But the sales to people at home provided support for the performance...

Consumer prices in the euro area fell slightly in August compared to a year earlier. As a result, inflation in the euro area has become negative for the first time since 2016, at minus 0.2%. This is reported by the European statistical office Eurostat.