Shell writes down oil and gas assets by $22 billion
Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. The company predicted the write-down for the quarter and said it continues “to adapt to ensure the business remains resilient” in challenging times. Earlier this month, More...
Dutch government announces 3.4 billion euro support package to KLM
The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro ($3.81 billion) lifeline to help the airline survive the aviation slump caused by the coronavirus pandemic. Finance More...
Lufthansa shareholders to vote on German rescue package
Germany’s Lufthansa is seeking shareholders’ support at an extraordinary general meeting Thursday for a 9 billion-euro rescue package that would see a government stabilization fund take a 20% stake. The More...
World shares slip as global virus tally approaches 9 million
World shares sagged Monday as reports of new coronavirus infections in the U.S. and worldwide surged, with the global total approaching 9 million. European markets opened lower after a mixed session in Asia. Britain’s More...
UK economy shrinks 20% in a month to fall back to 2002 level
The British economy has seen nearly two decades worth of growth wiped out as a result of the lockdown measures put in place during the coronavirus pandemic. The Office for National Statistics said Friday that More...
Vietnam approves EU-Vietnam Free Trade Agreement
Vietnam ratified a landmark trade deal Monday with the European Union that is expected to energize the country’s manufacturing sector and exports, as it recovers from the impact of the coronavirus pandemic. Lawmakers More...
German car sales down despite open showrooms
Germany’s auto industry says that car sales in the country remained very weak in May despite the reopening of showrooms and the easing of other coronavirus restrictions. The German Association of the Automotive More...
EasyJet to slash workforce amid COVID-19 pandemic
U.K.-based budget carrier easyJet plan to cut large parts of their workforces as the global aviation industry struggles to cope with a near total halt to travel amid the COVID-19 pandemic. Easyjet said Thursday More...
Simcord: Blockchain regulation technology and cooperation with scientific and legal institutions
There are many different IT companies and areas of development, namely web, OS software and application software development and others. Blockchain developments, which are in demand these days, can be considered More...
Car industry to receive 8 billion euros from French government
France’s government is injecting more than 8 billion euros ($8.8 billion) to save the country’s car industry from huge losses wrought by virus lockdowns, and wants to use the crisis to make France the No. 1 More...
