Bankers of all European countries were encouraged to join
German Finance Minister Olaf Scholz called on European countries to implement the European banking Union (EBA) initiative faster, writes Reuters. “It is important not to dwell on one issue,” said Scholz, referring to the single European Deposit insurance system (EDIS). — If we want to create a banking Union, all countries must move towards a […]
Europe’s largest brothel went bankrupt due to COVID-19
The largest brothel in Europe, Pascha, which is located in Cologne, went bankrupt due to the coronavirus. This is reported by the local newspaper Express. “This is unthinkable, but on Tuesday I filed for bankruptcy in the local court,” admitted the Manager of the brothel, Armin Lobscheid. He explained that the brothel spent all its […]
In Europe, they found the culprits of the slow recovery of the economy
Europe’s recovery from the effects of the crisis triggered by the coronavirus pandemic and the collapse in oil prices has stalled. According to Bloomberg, the culprits could be Spain and Italy and a reduction in their GDP. According to the IHS Markit index, which is an indicator of economic health, output rose only in manufacturing […]
China prepared for an “arms race” with the US
The Chinese authorities are preparing for a kind of “arms race” with the United States in the field of microelectronics, writes Bloomberg. Beijing is preparing protectionist measures to circumvent restrictions imposed by the administration of us President Donald trump. According to sources of the publication, the Chinese government is preparing to launch a large-scale program […]
China prepared for an “arms race” with the US
The Chinese authorities are preparing for a kind of “arms race” with the United States in the field of microelectronics, writes Bloomberg. Beijing is preparing protectionist measures to circumvent restrictions imposed by the administration of us President Donald trump. According to sources of the publication, the Chinese government is preparing to launch a large-scale program […]
