US car industry starts recovering after lockdown

Source: Dukascopy Bank SA
The US auto industry is slowly recovering after the lockdowns caused by the COVID-19 outbreak with some of car assembly factories reopening and suppliers ready to back the sector that employs about 1M people.
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Mon, 18 May 2020 20:43:52 GMT

France and Germany propose 500 billion fund

On Monday, France and Germany proposed the creation of a 500 billion Euro Recovery Fund, which would give grants to firms in the EU.

Mon, 18 May 2020 17:42:19 GMT

IMF head says economic recovery unlikely next year

On Monday, the International Monetary Fund's chief stated it was unlikely for the global economy to recover in 2021 after the damaging effect the coronavirus outbreak had on the world.

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