CategoryGlobal

Job loss is the highest since the beginning of World War II

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The job losses in the United States last year were historically high. According to business newspaper The Wall Street Journal, the total number of jobs lost was at the highest level since 1939. Especially among the black and Latino population and among young people, job losses were high. In the United States, only 9.4 million jobs were lost in 2020. That is much more than the more than 5 million...

Tokyo exchange closed for holidays: the main index gained 16 percent this year

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On Wednesday, the Japanese stock exchange concluded the moving COVID year 2020 with a small loss. Investors took a step back after the strong advance a day earlier, pushing the main index in Tokyo to the highest level since August 1990. A more expensive Japanese yen created some price pressure on the major export companies. The other stock exchanges in the Asian region showed mostly profits. The...

Brexit talks may go beyond the deadline

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The negotiations between the United Kingdom and the European Union on a trade agreement can go beyond this weekend, ” said the French secretary of state for European Affairs. “It is necessary to take the time and not sacrifice our interests under the pressure of a calendar.” The European Parliament had called for an agreement to be reached by Sunday, so that Parliament still has...

Black Friday will be a test for e-commerce in Europe

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For well-known reasons, this year Black Friday will be an online shopping festival, even if you are looking for a PlayStation 5 at e-commerce companies. The action day-in 2020 on Friday 27 November at retailers in the run-up to the holidays has quickly become a phenomenon in Europe. In many cases, it is not limited to a single day. In a company such as bol.com the flow of offers goes on for a...

ASML hopes that new US president will allow some consultations

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Peter Wennink of ASML hopes that under the rule of the new US president Joe Biden there will be some international consultation. In the first instance, he does not dare to count on a greater change in American policy towards China. Both Democrats and Republicans see China as the major competitor of the United States, according to Wennink. The chairman of the Veldhoven technology company explained...

Stock markets celebrate vaccine news

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The stock exchanges in New York were still considerably higher on Monday, midday. That’s how last week’s rally went through. The mood among investors on Wall Street is supported by positive news about pharmaceutical Pfizer’s new COVID-19 vaccine. The victory of Democrat Joe Biden in the American presidential election was also viewed as success for the stock market. He officially...

In Biden’s wake: Germans will delay the imposing of import tariffs

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The German government would like to postpone the imposition of European import tariffs on USD 4 billion of US products, in order to improve trade relations with the United States because of the Democrat Joe Biden’s profits in the presidential election. According to a source from the German government against Bloomberg press office, the subject will be discussed at a meeting of EU trade...

Third quarter in Eurozone shows strongest recovery but it wont extend to Q4

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The euro area economy showed the strongest recovery ever measured in the third quarter. Growth was close to 13% compared to the second quarter when the economy was still heavily affected by the first coronalockdown, according to the European statistical office Eurostat. Moreover, the recovery was stronger than the average economists had anticipated. However, many connoisseurs remain pessimistic...

Goldman Sachs to pay two billion fine to prevent criminal investigation on massive fraud

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The American bank Goldman Sachs would pay $ 2 billion to the US legal system to buy off the fraud scandal surrounding the Malaysian state fund 1MDB. The settlement can be announced this week, sources report to Bloomberg News Agency. Goldman previously closed large case for the Malaysian state fund, which is at the heart of a major scandal in Malaysia. The former prime minister of the country...

September report shows the growth of car sales

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The purchases of passenger cars in Europe has increased by 3.1% for the better of a year earlier. As a result, September was the first month of 2020 in which car sales increased on an annual basis, reports the European industry association ACEA. The car industry suffered a major blow as a result of the COVID-19 disease. This springtime, fewer cars were delivered and many dealers closed the doors...

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