Shell to write off assets worth up to $22 bn due to Covid-19
Shell expects a 40% drop in sales in the second quarter...
Tag : Europe
Airbus to let go around 15000 employees as pandemic hits business
Most of the layoffs are expected to be in Europe...
UK economy sees largest quarterly fall since 1979
GDP dropped by a quarterly 2.2% between January and March...
UK’s EasyJet raises $520 mn through a share sale
The stock offering equal to almost 15% of its existing share base...
Deutsche Bank names new head for SE Asia wealth management
Chow Shang-Wei served as the managing director of HSBC Private Bank...
UK economy to shrink by 8% in 2020: Reports
Official figures showed Britain’s economy shrank by a record 20.4% in April...
UK’s AstraZeneca approaches rival Gilead for potential merger
Both companies are leading the fight against Covid-19 in their respective countries...
ECB announces new pandemic stimulus worth $676 bn to fight Covid-19
This takes the total pandemic stimulus to $1.52 trn...
Amazon founder Jeff Bezos invests in UK logistics Beacon
The startup raised around $15 mn in its Series A funding round...
UK does not seek trade talk extension despite EU offer
Recently, the EU said it is open to delaying the end of the post-Brexit transition phase by up to two years...