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The coronavirus will “very likely” push the European economy into recession this year, the European Commission said on 13.03.2020, as it urged member states to take quick and bold measures to ensure an economic rebound in 2021. The bloc plans to free up €37bn to support workers, SMEs, and crisis-hit sectors, including healthcare and tourism.
Google will no longer be using the so-called ‘double Irish’ tax loophole that allowed the company to avoid the US taxman. Recent changes to Irish and US laws as well as OECD efforts to counter tax avoidance have caused the company to revise its tax structure.
Boeing has been usurped by its European rival Airbus in a lucrative new deal with the Saudi Arabia carrier Flyadeal. The beleaguered U.S. company lost a $5.5b deal to sell its 737 MAX jetliners to Flydeal after the carrier opted to purchase up to 50 Airbus A320neo planes instead. The move by the discount carrier is “one of the first tangible…
Monday, 08 July 2019 10:56

DEUTSCHE BANK TO CUT 20% OF ITS STAFF

Deutsche Bank could slash up to 20,000 jobs by 2022, a fifth of its workforce. CFO James von Moltke has called the move a “final restructuring”. He aims to reduce adjusted costs by a quarter to €17b, but is likely to post a net loss of €2.8b in the second quarter of 2019. He also announced it will pull out of global equities…
Sales of alcohol-free beer are booming in the UK and across Europe, coinciding with an increase in alcohol-free craft breweries and even a bar in Dublin. UK sales of low and alcohol-free beers jumped 28%. In Germany, as many as one in 15 sold estimated to be alcohol-free, and Spain is now the world's largest consumer of alcohol-free beer, accounting for 14% of all beer…
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