USA: damage to the economy could be “lasting”

The damage of the coronavirus pandemic on the US economy could be ‘lasting’, warned the president of the Central Bank on Wednesday, noting that emergency aid plans are essential to avoid a deep recession. “Additional budget support could be costly, but it is worth it if it avoids long-term economic damage and allows us to … Read more

British and Iberia plan to fly in July

The “International Consolidated Airlines Group” (IAG), which brings together large airlines such as British Airways and the Spanish Iberia, plan a resumption of flights for next July, according to its CEO Willie Walsh. IAG described it as “significant” and “as soon as possible”. They want to take this step in July, as long as there … Read more

Investors are pulling money from popular ETF – good sign for stocks? | 13.05.20

While the major US indices have recovered somewhat from their corona crash in the past few weeks, an expert notes that investors have fled a popular ETF in the recent past. • Exchanges recover from the corona crash • Investors flee popular ETF • Good sign for bullish investors? After the markets plummeted in the … Read more

Bâloise’s CEO pleads for the public-private sector in the face of pandemics

“In the future, insurance companies will no longer be able to cover such risks alone. We need a sector solution involving the public sector, ”says Gert De Winter. – The exclusion of pandemic risks in epidemic insurance is the subject of much debate, particularly in catering. Bâloise’s chief executive pleads for a joint insurance response … Read more

MIDDAY BRIEFING – Companies and Markets | 13.05.20

The midday market overview, compiled by Dow Jones Newswires: === +++++ SHARE MARKETS (12.59 p.m.) +++++ INDEX booth + -% + -% YTD S&P 500 Future n.def. n.def. n.def. S&P 500 Future 2,876.75 + 1.05% -11.03% Euro-Stoxx-50 2,846.69 -1.30% -23.99% Stoxx-50 2,832.01 -0.99% -16.78% DAX 10,674.77 -1.34% -19.43% FTSE 5,940.47 -0.91% -20.52% CAC 4,403.89 -1.53% … Read more