. Reuters . Spain’s economy has been ravaged by the virus Spain has been plunged into its deepest recession in modern times by the coronavirus pandemic. Its economy shrank by 18.5% in the April-to-June period, having already fallen by 5.2% in the first three months of the year. The country was the worst performer in […]
Amazon doubled its profit to a record $5.2 billion in the second quarter.Amazon CFO Brian Olsavsky shared a few reasons that may have contributed to the increased profits during his call with analysts on Thursday.Amazon saw huge lockdown-driven sales, but also scaled...
. Reuters The German economy shrank at its fastest rate on record amid the impact of the coronavirus pandemic, according to new official figures.The total production of goods and services declined by 10.1% during the April-to-June period.It was the sharpest decline...
. . Nissan’s shares have plunged by 10% in Tokyo trading after warning that it would see a record annual loss.Japan’s second largest carmaker said it expects a $4.5bn (£3.5bn) operating loss this year as the coronavirus hinders its turnaround efforts.The...
Swiss private bank Lombard Odier said it sold half its gold position despite its surge to record levels.
The bank’s chief economist Samy Chaar said: “We see a bit of vulnerability at the current price levels.”
He said the negative economic...
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