Business French economy recovery slows down The pace of economic recovery in France is slowing down. This is reflected in a report by the Central bank of France. In Jul… Read More
Business Pfizer will manufacture Remdesivir Pharmaceutical Pfizer is commissioned to produce the medicinal product Remdesivir. Gilead’s viral inhibitor was approv… Read More
Business Nivea profits down 20 percent, no definitive green shots in sight For the manufacturer of care products Beiersdorf, the company behind level, among other things, the first six months of the … Read More
Business As Hugo Boss sales sank, yearly forecast got cancelled Hugo Boss fashion house saw his sales collapse in the second quarter. The group’s turnover fell by almost 60 percent t… Read More
Business Société Générale reported heavy losses and loan portfolio deterioration Société Générale (SocGen) incurred losses in the second quarter, inter alia due to a depreciation of its trading division an… Read More
Business Air France bail out is out for question – Franck Riester Nationalizing of Air France is not on the agenda. This was emphasized by the French trade minister Franck Riester in a conve… Read More
Business Deutsche Bank readied 761 million to lose on bad loans Deutsche Bank set aside EUR 761 million in the second quarter to cover losses on bad loans. This is the largest supply in 11… Read More
Business Gold passed $2000 record driven by money press and international tensions The price of gold is rising. On Tuesday, the $2,000 a troy ounce (31.1 grams) was tapped for the first time. In recent times… Read More
Business Severin Schwan sees COVID pandemic a threat to pharmaceutical business The Swiss pharmaceutical company Roche has seen its turnover and profit decrease in the first half of the year, due to patie… Read More
Business The worst is over, UBS expects UBS is cautiously optimistic that the worst of the corona crisis has passed. The financial group expects to have to put less… Read More
