German debt will rise to alarming levels In response to the closure of the economy due to the coronavirus, Germany has taken several costly measures to mitigate the effects of the crisis. Among other things, it took a reduction in value-added tax for half a year, decided to provide families with a one-time contribution of […]
The largest software IPO Snowflake has raised the largest initial public offering for Wall Street’s latest huge demand for cloud computing companies. Snowflake’s stock price exceeded its original target price range of $100 to $110, which alone rose more than a quarter earlier this week. The company’s market value is more than two and a […]
AstraZeneca has stopped testing the vaccine AstraZeneca, in collaboration with Oxford University working on the development of a vaccine against COVID-19, suspended testing in humans after one of those tested suspected a serious adverse reaction. Following this, the British drug manufacturer voluntarily suspended the tests and stated that it was working to re-evaluate the incident […]
The creation of new jobs in the private sector has been disappointing The ADP index, which tracks job creation, significantly disappointed expectations. Based on this, the recovery in the US labour market in August may appear to have exhausted its strength. According to a report released by ADP, the private sector created only 428,000 new […]
Central Bankers Meeting at the Crisis Forum The central bankers of the largest banks meet every year in a discussion forum “fighting the crisis.” Central bank instruments to combat the next phase of COVID-19 were assessed, which also faces growing questions about the impact of the first round of economic support, in particular, whether it […]
Trump’s plan to move production to the United States In his last statement, US President Donald Trump promised to create ten million jobs in the United States in ten months. The unemployment rate fell to 10.2% from 11.1 percent in June but remained well above pre-pandemic levels. At a meeting with his supporters in the […]
Russia’s and China’s plans to move away from the dollar-based financial system is nothing new. Countries are working together to reduce their dependence on the dollar – a development that some experts say has led to a “financial alliance” between the economic powers. At the end of 2019, Russia, China and India even considered an […]
The British economy has seen a massive downturn The British economy fell by a record 20.4% in the second quarter. The reason was the blockage of the country caused by the coronavirus based on which, the economy showed the largest decline recorded in history so far. Reported data also show that the world’s sixth-largest economy […]
Lemonade´s IPO ranked among the fastest-growing companies during the first day of its listing. IPO, which belongs to the insurance company Inari Medical Inc. focused on artificial intelligence, grew 73% to the price of 29 USD right after the market opening and closed the day 140% higher. Lemonade builds on several IPO technologies that have […]
Deutsche Bank agreed to pay the fine Deutsche Bank agreed to pay a $ 150 million fine for non-compliance because it transferred Jeffrey Epstein’s money. The fine for Deutsche Bank is the first regulatory sanction against a financial institution in negotiations with Jeffrey Epstein. The company’s shares fell by approximately 0.6% after the announcement. In […]
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