Finance
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Amazon to hire 100,000 new employees as demand surges due to coronavirus
Amazon announced the opening of 100,000 new positions across the United States, in an attempt to meet the advanced surge in demand for online...
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Governments offer aid to airlines amid coronavirus-linked flight cuts and redundancies
A growing list of countries have offered financial aid to its aviation sector, to rescue carriers which have had to park planes and cut...
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France fines Apple $1.2 bln for anti-competition acts
France’s Competition Authority fined Apple a staggering €1.1 billion on Monday for striking deals to keep prices high, saying that its operations hurt consumers.
The...
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G7 pledge to do 'whatever it takes' to safeguard world economy
Officials from the G7 countries pledged to join forces to address the damage of the coronavirus pandemic, which they called "a human tragedy”.
Earlier this...
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Stock market plunges to historic lows
Global stocks fell sharply yesterday after the banks’ attempts to support economic growth failed to dispel investors’ fears over the coronavirus impact on the...
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European Central Bank ready for further stimulus
The European Central Bank will intervene in government bond markets if needed, Austrian central bank chief Robert Holzmann said today.
The announcement comes as the...
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Bill Gates leaves Microsoft board
Microsoft on Friday announced that its co-founder Bill Gates has left its board of directors to devote more time to philanthropy. He served as...
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Markets plummet after Trump’s travel ban
Stock markets in Europe fell even further on Wednesday, after US president Donald Trump announced a ban on most travel from Europe in a...
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World Economic Forum, WHO launch emergency coronavirus task force
The World Health Organization and the World Economic Forum will launch an emergency task force to respond to the coronavirus outbreak and its impact...
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Global markets plunge amid oil price war and coronavirus fears
The coronavirus disrupted economies and societies across the world Monday, resulting in global markets plunging and oil prices crashing, triggering concerns of a worldwide...
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Flights cancelled as UK airline Flybe collapses
Europe’s largest regional airline Flybe has collapsed Thursday with all its flights grounded. Hours earlier, local media reported that the airline could collapse following...
Archive
G7 postpones coordinated action against coronavirus
Finance ministers and central bank chiefs from the G7 countries have agreed to adopt several stimulus packages that are aimed at addressing the recent...
Asia & Pacific
The benefits of hysteria
The epidemic of the COVID-19 is a fact, as are seasonal influenzas of various types that affect large amounts of people during winter, every...
Archive
Coronavirus: airlines react to virus outbreak in Europe
EasyJet, International Airlines Group (IAG), Wizz Air and Jet2 announced on Friday, February 28, measures to curb the negative impacts of the COVID-19 outbreak...
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German police raid ABN Amro Bank over tax scandal
German law enforcement officials raided ABN Amro NV’s offices in Frankfurt for a second time in three months to probe the bank’s involvement in...
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Stock market plummets amid coronavirus fears
In just a few days, coronavirus cases have risen rapidly across the world, despite the World Health Organization saying the spread has slowed in...
Finance
Amazon slammed for selling anti-Semitic books
The Auschwitz Memorial said on Friday that Amazon was making a profit on "selling vicious antisemitic Nazi propaganda" by selling the books of Julius...
Archive
Boeing says it found debris in fuel tanks on grounded 737 Max jets
Boeing announced it has ordered inspections of its grounded 737 Max series jets, after it found foreign objects in the fuel tanks of some...
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Airbus announces 2,300 job cuts in defense and space division
European planemaker Airbus announced that it plans to cut 2,362 jobs across several countries by the end of next year.
Its Germany-based subsidiary, Defence and...
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IRS sues Facebook for $9b over Irish offshore deal
Facebook and US tax authorities are beginning a multi-billion dollar dispute over profits shifted to an Irish subsidiary by the social media giant.
The US...
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France steps up Ghosn probe into misuse of funds at Renault
French prosecutors have stepped up their investigation into alleged misuse of funds at Renault by former boss Carlos Ghosn. A judge had been assigned...
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Spain moves forward with new digital tax on tech giants despite US warning
Spain’s government approved the introduction of new taxes on digital business and stock market transactions. The move has angered United States’ authorities and brought...
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HSBC to begin massive layoffs
The UK’s HSBC Holdings announced around 35,000 job cuts as part of a major restructuring project.
The bank said it would shed $100 billion in...
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UK regulators investigate Barclays CEO over ties to Epstein
Jes Staley, the boss of the investment bank Barclays, is being probed by UK regulators over his links to the wealthy financier and sex...
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Boeing vows to rebuild public trust
Boeing says it is working to rebuild trust in its brand, even as it struggles to bring its 737 Max back into service.
The plane...
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Nissan launches $90m lawsuit against Ghosn
Nissan is suing its former chairman Carlos Ghosn for $90 million. Ghosn was arrested in Japan in 2018, but fled to Lebanon amid a...
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Lawyers say Ghosn used Nissan-Mitsubishi venture to inflate pay
Former Nissan boss Carlos Ghosn used a joint venture between Nissan and Mitsubishi to inflate his pay and to cover a personal tax debt,...
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Coronavirus threatens EU-China investment deal
The EU Chamber of Commerce in China has warned that striking an EU-China investment deal in 2020 is under threat because of the coronavirus...
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Trump reiterates threat to impose tariffs on European cars
US president Donald Trump said he is serious about imposing tariffs on European cars unless the European Union agrees on a transatlantic deal.
Trump is...
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Trump rejects climate action, Thunberg slams Davos elites
The annual World Economic Forum kicked off with US president Donald Trump criticising climate activists, in contrast with young activist Greta Thunberg who urged...
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Macron, Trump agree to hold off on a potential tariffs war
French president Emmanuel Macron said he had a “great discussion” with US president Donald Trump over France's planned digital tax.
“They agreed to give a...
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World Economic Forum 2020 kicks off in Davos
Some of the world’s most powerful people gathered for the annual World Economic Forum that kicked off today in Davos, Switzerland. The invitation-only event...
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Google parent Alphabet becomes $1 trillion company
Google’s parent company, the online giant Alphabet Inc., achieved a $1 trillion market value on 16 January.
Shares in Alphabet rose 0.76% for the day...
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Former Google executive raises concerns about tech giant's human rights policies
Ross LaJeunesse, a former Google executive has expressed his concerns about the human rights policies that the firm follows as it moves to expand...
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Ryanair prepared for further 737 MAX delays
Ryanair is prepared for further delays to the delivery of its Boeing 737 Max airliners, its chief executive Michael O’Leary said in an interview.
O’Leary...
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Interpol issues red notice for ex-Nissan boss Ghosn
The Japanese government called on the International Criminal Police Organization to request the Lebanese government to arrest the former Nissan chief, Carlos Ghosn.
Ghosn left...
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Google to end controversial Dutch, Irish tax scheme
Google’s parent company Alphabet will stop using an intellectual property licensing scheme, known as the “Double Irish, Dutch sandwich”, which allowed it to delay...
Albania
Zaev-Mitsotakis Thessaloniki meeting explores EU Enlargement delays
The prime ministers of Greece and North Macedonia met on the sidelines of the Thessaloniki 2019 Summit on November 14. This was their second...
Analysis
Tsipras heads to Skopje to salvage his Prespes gambit
Greece’s Prime Minister Alexis Tsipras is set to deliver on his promised trip to North Macedonia’s capital, Skopje, on 2 April, which was announced...
Archive
Delphi Economic Forum – A small US official presence, but long American shadow
DELPHI, Greece - At the February 28-March 3 Delphi Economic Forum, (DEF) entitled “The Challenge of Inclusive Growth” the long list of invited American...
Analysis
Trump sends David Malpass to the World Bank
President Donald J Trump named David Malpass, currently US Treasury Undersecretary for International Affairs, as the US candidate for the Presidency of the World...
Africa
Trump establishes US International Development Finance Corporation
President Donald J. Trump quietly approved the creation of a new foreign assistance agency on October 5, named the United States International Development Finance...
Analysis
Greece’s Thessaloniki International Fair focuses on the American factor
The Thessaloniki International Fair (TIF) has for 83 years marked the traditional high point of the Greek economic calendar and forms the venue for...
Archive
Trump’s White House proclaims new (and maybe negotiable) tariffs to take effect in 15 days
US President Donald J. Trump signed a tariff proclamation March 8 at the White House, including a series of carefully-crafted exemptions for NAFTA partners...
Archive
Trump, Tsipras and Washington’s wordsmiths: What is a “responsible debt relief plan” for Greece?
Although much furor has arisen in Greece over the alleged high costs of the planned upgrade of part of the Greek F-16 fighter fleet...
Archive
Davos Dreaming: Reform is the word for Greece coming from Washington
Although not in Davos for the latest round of Greece related fireworks, mostly involving German and Commission officials, this writer has been parsing the...
Archive
Precipitous Oil Price Drop Corrals Putin
The more than 30% drop in oil price, which is one of Russia’s main exports, placed immense pressure on the ruble, which is also...
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