The pandemic is laying waste to industries big and small, but motor manufacturers will endure – even if most of their vehicles might be made in Africa in the future. At the beginning of this year, when the Covid-19 crisis hit the Chinese province of Hubei, an important supplier for the automotive industry, various German...
Chinese tourists made 115 million trips during the May Day holiday. While short of last year's figures, the hard-hit tourism industry could be slowly rebounding after the Covid-19 crisis. The five-day holiday that started on May 1 in China generated tourism revenue of 47.56 billion yuan ($6.7 billion), according to the Ministry of Culture and...
Hammerson has said its £400 million deal to sell seven retail parks has collapsed after the private equity buyer pulled out.
The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus with a drop in output of more than 7%, as it … Click to Continue »
The EU's executive on Wednesday said Poland must ensure “free and fair” elections, as the bloc's largest ex-communist country is locked in a political crisis over a presidential vote due this Sunday. European Commission head Ursula von der Leyen discussed with her EU executive in Brussels “the importance of free and fairs presidential elections in...
The IHS Markit India Services Business Activity Index plummeted at a historic rate during April, posting a shocking 5.4 points in comparison with the previous month's 49.3. A reading below 50 on the scale represents contraction. According to the IHS Markit report, last month's reading was an “extreme decline” and “the most severe contraction in...
The British government allowed IRA hunger-striker Bobby Sands to starve to death in 1981. It is showing the same lack of judgment today on what is right and wrong, by callously letting another political detainee die needlessly. Insanity is often defined as doing the same thing over and over and expecting different results. On that...
