On Tuesday, British Finance Minister Rishi Sunak stated, the government has awarded more than $39 billion (32 billion pounds) in loans and guarantees to businesses to help them cope with the impact of the coronavirus pandemic.
Month: May 2020
Bank of England reviewing stand on negative interest rates
The Chief Economist of the UK’s central bank has made it lucidly clear that the Bank of England is not remotely close to making any decision regarding negative interest rates. Negative interest rates has been hitting the headlines lately since… Read More ›
Spain’s electricity market becoming fiercely competitive: Naturgy’s CEO
On Tuesday, the CEO of Spain’s natural gas and electrical energy utilities company, Naturgy, stated the entry of French energy giant Total into Spain’s electricity market through the purchase of assets from Portugal’s EDP is reflective of increasing competition levels… Read More ›
Lufthansa resumes flights to 20 destinations from mid-June
In a statement, Lufthansa’s spokeswoman said, it is in talks with the German government over a $9.8 billion bailout package; it aims to resume flights to 20 destinations, including holiday hot spots, starting from mid-June. Destinations include Rhodes, Mallorca, Faro,… Read More ›
Tobias Moers to replace Andy Palmer as Aston Martin’s CEO
According to a source familiar with the matter at hand, Aston Martin’s CEO Andy Palmer is leaving the company as part of a review of the management team. He will be replaced by Mercedes-AMG’s CEO Tobias Moers. In a statement,… Read More ›
Foreign tourists can book holidays in Spain from July: Reyes Maroto
On Monday, Spain’s Minister of Industry, Trade and Tourism Reyes Maroto said, foreign tourists will be allowed to book vacations in the country from July following the suspension of the two-week self-quarantine period for overseas travelers by then. Tourism dependent… Read More ›
Nordic asset managers pushes for increased ESG investing
With the effects of climate change becoming ever more palpable, Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM) is turning up the heat against a range of carbon emitting industries paving the way for other funds to… Read More ›
Japanese beer maker Asahi Group Holdings borrows $11 billion to acquire AB InBev’s Carlton & United Breweries
On Monday, Japanese beer maker Asahi Group Holdings stated, it will take on $11 billion (1.185 trillion yen) when it borrows the sum from Sumitomo Mitsui Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev’s Australian subsidiary. In… Read More ›
Australia resumes tourism in Victoria, following low coronavirus cases
Starting from June 1, Australia will allow tourists to stay overnight in regional areas in the southern state of Victoria, especially in its rural regions which have been ravaged by bushfires and the coronavirus. On Sunday, state Premier Daniel Andrews… Read More ›
UK must defend against foreign hostile takeovers: chairman – Foreign Affairs Select Committee
Tom Tugendhat, a senior British lawmaker from the Conservative Party who is also the chairman of the Foreign Affairs Select Committee opined, Britain must defend its companies against overseas takeovers in the aftermath of the coronavirus crisis while adding that… Read More ›
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