Shares of Chinese companies active in digital education are in danger of collapsing when the American Stock Exchange opens this afternoon. The Chinese government is considering obliging the educational technology sector to adopt a non-profit model, according to several Chinese media. According to the media, Beijing would consider introducing new legislation for this. This would result in these...
On Tuesday, the US Senate approved a $250 billion government investment for technological research and development. 68 members of the Senate approved the proposal, while 32 voted against. The plans still have to be approved by the House of Representatives. Public investment in scientific research has been declining for years, as has the position of the US semiconductor industry. Of this amount...
Bitcoin company Bitonic wants to know from the judge whether regulator De Nederlandsche Bank (DNB) with its crypto rules is too strict for providers of digital coins. Bitonic believes that DNB’s requirements are contrary to the privacy rules. The case later on Tuesday goes to the Administrative Court in Rotterdam. According to the rules of the regulator, crypto providers of every buyer of...
Activity in Dutch industry grew at the strongest rate in December since September 2018. In particular, the number of new orders increased significantly, but the Dutch Association of purchasing managers (Nevi). Employment also increased, albeit modest. The growth of orders led to the second largest increase in production in two years. Companies were clearly buying more supplies. But the...
The average price of a property in the United States rose by 1.6 percent in October compared to a month earlier. This is reflected in the S & P Corelogical Case Shiller index, which reflects price developments in 20 major American cities. Economists in general counted on a plus of 1 percent. Compared to a year earlier, homes became almost 8% more expensive in October. The US stock exchanges...
Air France will come up with detailed plans for scrapping more than a thousand jobs at low coster Hop! this week, the French newspaper Le Figaro reports. Part of the staff may get new job at the parent company Air France. Air France had already announced almost half the jobs at Hop! in July to be erradicated. They are talking about 1020 out of 2420 jobs. According to Le Figaro, 317 pilots have to...
The services sector in China grew strongly in November, reflecting the Chinese economy’s continued recovery from the COVID-19 crisis. In Japan, the sector in which catering, retail, tourism and aviation, for example, continued to shrink. According to market researchers Caixin and Markit, the Purchasing Manager Index for the Chinese service sector, which indicates activity, rose to a level...
Dutch exports of goods were 2.3 percent lower in August than in the same month a year earlier. In particular, the export of petroleum products, transport equipment and metal products shrank. There were also fewer machines and equipment, according to Statistics Netherlands (CBS). The volume of imports was 0.8% lower than a year ago. According to the so-called export radar of the statistical...
Air France operated only half of the flights that would normally start during the same period in November and December. The current travel restrictions require the French branch of Air France-KLM to take that decision. Already earlier this week, KLM crossed out the planned increase in the number of flights this autumn. Air France expects to return to 170 destinations before the turn of the year...
The stock exchanges in New York went out of business on Friday with substantial profits. Investors who wanted to take advantage of recent price declines by buying in heavily pushed up the gauges. Large technology funds were particularly popular. This blinded the prevailing concerns about rising levels of infection in Europe and the United States and the absence of a new American support package...