Business Air France – KLM resumes flights to Italy Aviation concern Air France-KLM will fly to Italy again from Monday. Air France will then resume flights from Paris to the neighboring country and KLM will fly from Schiphol to Southern Europe again. … Read More
Politics Trump threatens to sever all ties with China US President Donald Trump currently has no need to speak to his Chinese counterpart Xi Jinping. He said that in an interview with Fox Business Network on Thursday. He even threatened to sever all ties… Read More
Air France – KLM resumes flights to Italy 29 May 2020 Aviation concern Air France-KLM will fly to Italy again from Monday. Air France will then resume flights from Paris to the neighboring country and KLM will fly from Schiphol to Southern Europe again. Flights between France and the Netherlands, on the one hand, and Italy, on the other, have been halted for some time due to the corona outbreak and …
Airlines will be buried under the debt pile of $120B 27 May 2020 Airlines’ debts are expected to rise by $ 120 billion this year due to the corona crisis. That is what the international aviation interest group expects IATA. Airlines saw their cash emptying rapidly due to the crisis, after travel restrictions made it almost impossible to fly worldwide. Governments came to the rescue with aid measures worth $ 123 billion. Of …
German economy shrank 2.2 percent q/q 25 May 2020 The German economy shrank by 2.2 percent in the first quarter compared to the previous quarter. The cause of the downturn is the corona crisis. The German Federal Statistical Office confirmed with the final figures the previously released preliminary estimates. The shrinkage figure corresponds to the average expectation of economists. In the fourth quarter of 2019, the gross domestic product …
Scientists initiate big study on effects of hydroxychloroquine on COVID-19 21 May 2020 British medical staff will begin a trial on Thursday to determine whether two anti-malarial drugs can also be used in the fight against the coronavirus. These include hydroxychloroquine, which it says US President Donald Trump takes preventively to prevent him from getting sick. There are anecdotal evidence and some possible explanation on why hydroxychloroquine may prevent infection. However it wasn’t …
COVID crisis left Rabobank with sinking profits 20 May 2020 Rabobank expects profitability to be hit hard this year due to the negative effects of the corona crisis on the economy. That says the bank in an update about the virus outbreak. Rabobank points to significantly higher depreciation as a result of the crisis. For this year, the bank is counting on write-offs on loans that may not be repaid …
France closes 70 schools after number of infections 19 May 2020 A week after the French schools partially reopened, there is a “worrying revival” of corona infections linked to schools. According to a minister, this concerns “70 cases”, after which the schools involved had to immediately close the doors again. French Education Minister Jean-Michel Blanquer rang the bell today in a radio interview with RTL, AP news agency reports. He said …
