Thursday, December 2, 2021

Europe Business

Italy to issue Panda bonds in China

Chinese market intends to tap into Italy as the first of the western industrialized countries with specially issued bond, called Panda bonds, have already been issued by the German automakers VW, Daimler and recently BMW. Portugal also plan to...

Ford to cut 5000 jobs in Germany

Carmaker Ford wants to reduce more than 5000 jobs in Germany. The workforce was informed on Friday, a spokeswoman said. The job cuts should therefore be achieved through severance payments and early retirement, operational redundancies wanted to avoid. The group...

Facebook breakdown brings ‘Telegram’ three million new users

Russian social media platform Telegram founder Pawel Durow proudly released the growth figures of his chat service over the past 24 hours. Durow has more than three million new users worldwide, according to Durow. The reason for the high...

Huawei plans to open first smartphone store in Austria

Huawei plans to open its first major smartphone store in Vienna, the first of its kind outside of China, as part of efforts to triumph the European market, where its future is facing a difficult test. The world's largest telecom...

Brexit exit effect: Honda to close plant in UK

Honda car factory in Swindon, UK, is threatening closure. According to a report, the Japanese carmaker plans to give up the plant with around 3,500 jobs. The plans are expected to be announced in the near future. They would be...

Brexit exit emitting effects, Flybmi announces bankruptcy

Brexit exit has started emitting the effects on UK economy. The British regional airline Flybmi has announced bankruptcy on Saturday night on its website. All flights were canceled with immediate effect. Flybmi customers were asked to contact Flybmi's credit card...

UK automobile industry is in Red Alert

UK, car production has already collapsed ahead of the industry's dreaded Brexit. The number of vehicles produced in the last year by 9.1 percent to 1.52 million, said the industry association SMMT (Society of Motor Manufacturers and Traders) on...

Iran’s Mahan Air no longer allowed to fly Germany

The Iranian airline Mahan Air loses its operating license in Germany. justified the move with security concerns, but also as a sanction for the alleged military use of the aircraft.   Mahan Air flies in Germany so far Dusseldorf and since...

Hackers attack German SMEs

Sometimes it's just a single email, derived from a criminal sender. Disguised as a photograph of the Christmas party, an attachment hangs on it, which an unsuspecting employee opens - and the office computer may say next: "Sorry, your...

Austria to impose taxes on Internet giants

Including Google, Facebook, Apple and Amazon to face Austrian taxes Austrian Chancellor Sebastian Kurtz said on Saturday that his country would impose taxes on Internet...

Latest News

Malaysian Airlines flight made an emergency landing in Bangladesh over fake bomb threat

A Malaysian Airlines plane made an emergency landing at Hazrat Shah Jalal International Airport in the Bangladeshi capital Dhaka,...
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