Friday, July 3, 2020

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

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...

China: The Indian army has breached its obligations and launched provocative attacks, causing casualties

Zhang said - in a statement this evening about the clashes between the Chinese and Indian border forces in the Galvan Valley region -...

UK’s economy suffers from epidemic – 600 thousand jobs lost due to Corona

Official figures indicate that the number of employees in the UK payroll fell more than 600,000 between March and May, according to the BBC,...