German economy to contract 10% in Q2

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Source: Dukascopy Bank SA
The German economy is expected to shrink 2% in Q1 and 10% in Q2 of 2020, the DIW economic institute stated, suggesting deeper recession than during the 2008 crisis.
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Wed, 29 Apr 2020 16:02:39 GMT

Renault to slash sub-contractors to save up to €200M

Renault was considering cutting the number of sub-contractors that it uses to develop vehicle models in the engineering division potentially saving the company between €100M to €200M.

Wed, 29 Apr 2020 13:41:17 GMT

Spotify reports earnings

Spotify Technology SA announced on Wednesday that the company has experienced a 22% rise in quarterly profits and added new 130 million paid subscribers.

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