Germany Announces 2 Billion Euro Startup “Booster”
Berlin – The German government is preparing a massive cash injection to help innovative young companies ride out economic difficulties. The government is supplementing its existing uncapped aid for businesses to survive the ongoing coronavirus crisis with two billion euros … Continue reading Germany Announces 2 Billion Euro Startup “Booster”
Exhibitions-industry forecasts a loss of $14-22 billion
Secaucus – The growing number of trade shows that have been cancelled due to the COVID-19 crisis will result in a loss to the economy of $14 billion to $22 billion, according to the Center for Exhibition Industry Research. The preliminary … Continue reading Exhibitions-industry forecasts a loss of $14-22 billion
Long-term Benefits for China and the World Economy
Shanghai– After almost two years of trade tensions and negotiations, the US and China have finally signed on the Phase One trade agreement. A key US demand is that China will increase imports from the US by at least USD … Continue reading Long-term Benefits for China and the World Economy
Corona Virus: Chinese manufacturing hits record low
London – Factory activity in China fell at a record rate in February, as manufacturers closed their operations to contain the spread of coronavirus. The country’s official measure of manufacturing activity – the Purchasing Manager’s Index (PMI) – dropped to … Continue reading Corona Virus: Chinese manufacturing hits record low
Japan: Gross domestic product shrank 6.3%
TOKYO — Japan’s economy suffered its biggest contraction in five years in the final quarter of 2019, slowed by a sales-tax hike and a destructive typhoon. Gross domestic product for the world’s third-biggest economy shrank an annualized 6.3% from a … Continue reading Japan: Gross domestic product shrank 6.3%