France secures €4 billion to save those foolish startups

Activity in Italian industry shrank sharply in March due to the outbreak of the country’s corona virus and government quarantine measures to contain the disease. British market researcher Markit announced this based on his purchasing managers index. That index for the Italian industry plummeted last month to a 40.3 level from 48.7 in February. A level of 50 or more indicates growth, below...

Activity in the Chinese industry recovered sharply in March, after the strongest contraction for China’s industry was seen in February, due to the corona crisis. With this, the world’s second economy appears to be cautiously recovering from the severe blow to the virus outbreak. According to the Chinese statistics agency, the purchasing managers index, which measures industrial...

The Japanese government will soon release an “unprecedented” large support package to protect the economy from the consequences of the corona pandemic. That was promised by Japanese Prime Minister Shinzo Abe, after the number of infections in Tokyo rose by a record sixty on Saturday. He did not go as far as to declare a national emergency, but emphasized that the moment is near. The...

The confidence of French entrepreneurs has been hit hard by the corona crisis. The index measuring confidence shows the strongest decline ever before March, the French statistics agency reported. The indicator dropped to a reading of 95 out of 105 in February. This is the sharpest decrease since the measurements started in 1980. French entrepreneurs are particularly pessimistic about future...