CategoryGlobal

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...

Largest EU economy enters unexpected stagnation

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The production of German industry fell slightly in August against the expectation. This brings to a halt the earlier recovery of industry in Europe’s largest economy, as is shown by data from the German Federal Statistical Office. Production fell by 0.2 per cent in August compared to July, where economists in general expected an increase of 1.5 per cent. However, the growth rate for the...

News about Donald Trump COVID-19 positive test worried the markets

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European stock exchanges seem to open lower. The news that American president Donald Trump has been tested positive for the coronavirus creates uncertainty on the trading floor. The opening indicators for the American stock exchanges dropped sharply after the news. Trump tweeted that he and his wife Melania have the coronavirus. They probably contracted the SARSv2 virus through close contact with...

WTO allowed EU to impose tariffs on US import

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The World Trade Organization (WTO) has authorized the European Union to impose import duties on US products of USD 4 billion. That’s what Reuters news agency reports based on insider information. These charges would allow the EU to retaliate against state aid prohibited by the Americans to the airline group Boeing. These are charges in a long-standing dispute between the US and the EU over...

American markets in sell-off mode

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The stock exchanges in New York closed the week with clear losses. Uncertainty about potentially over-advanced stock market prices for tech companies has long dominated sentiment, and investors are looking for direction. Big technology companies therefore went on sale. In addition, a new step was taken in the Chinese-American conflict around the apps TikTok and WeChat. The Dow Jones index was 0.9...

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