Spanish unemployment surges to 14.4% in Q1

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Source: Dukascopy Bank SA
Spain's unemployment rate skyrocketed to 14.4% in 2020 Q1 due to a lockdown triggered by the coronavirus pandemic, the National Statistics Institute reported on Tuesday.
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Tue, 28 Apr 2020 09:14:52 GMT

German economy seen to contract by 6.6% this year

On Tuesday, Germany's economic institute Ifo stated the country's 2020 economy was likely to plunge by 6.6% year-on-year amid the coronavirus crisis, after falling by 1.9% in Q1, with forecasts of a 12.2% contraction in Q2.

Tue, 28 Apr 2020 06:43:04 GMT

Novartis reports rising Q1 sales, profit

The Swiss drugmaker Novartis reported climbing Q1 profit and sales that topped analyst forecasts, confirming its 2020 targets due to the coronavirus outbreak that prompted patients to stockpile their medical prescriptions in advance.

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