There is a sigh of relief through Tayto Park theme park in Ireland. The amusement park has finally received permission to build two steel roller coasters. Last year it turned out that the building permit could not be granted. Complaining local residents were proven right then.
The International Monetary Fund (IMF) estimates the economic damage from the corona crisis this year and next year at $ 12,000 billion, according to a report on the Great Lockdown. According to IMF chief economist Gita Gopinath, global action has caused the deepest recession since the Great Depression of the 1930s.
French business confidence shows a strong improvement this month as lockdown measures against the corona virus in France have eased and the French economy is recovering.
The oil price was under pressure for the second day in a row on Thursday. A larger-than-expected build-up in US oil supplies and concerns about a possible second wave of the corona virus in China are putting pressure on sentiment.
Eurozone inflation fell to 0.1 percent year-on-year in May, from 0.3 percent in April. This is mainly due to the considerably lower energy prices, according to the European statistics agency Eurostat in a final figure.
The lawsuit against Transavia for the ‘coronavouchers’ has been dismissed and the airline is going to refund passengers the full ticket amount. Thousands of passengers were given a voucher due to the corona crisis in exchange for their cancelled flight, but several were not satisfied and filed a lawsuit with claim agency Aviclaim. A total of 85 Transavia customers will receive more...
For clothing chain Hennes & Mauritz (H&M), the bottom of the corona crisis seems to have passed. In the first two weeks of June, the company’s revenue was 30 percent lower year-over-year. In the previous three months this was still around 50 percent.
American Airlines expects sales in the second quarter to be only one tenth of last year’s. The company saw the total capacity of the flights it performed decrease by three quarters.