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covid 19

After Albayrak and Uysal

Turkey's new economic chiefs need new crisis playbook / ANALYSIS

London - Turkey's two new economic czars will need a fresh crisis playbook if they are to keep the lira and the economy from plunging into deeper turmoil. The shock departure of finance minister Berat Albayrak, who is President Tayyip Erdogan's son-in-law, and central bank chief Murat Uysal over the weekend gave the lira its best day in over two years on Monday

Mangiarotti (MedCruise)

"Mediterranean needs a single health protocol" / INTERVIEW

Cagliari - Valeria Mangiarotti, lawyer, has recently been vice-president of MedCruise, the association that brings together the cruise ports of the Mediterranean, under the new mandate of Aris Batsoulis. Not entirely a new entry, that of Mangiarotti, who had already held this position in the past. COVID 19  and environment in her agenda

Fight against the virus

Fincantieri intalls air sanitation system on MSC ships

Trieste - Fincantieri, in close cooperation with the virology lab of the International Center for Genetic Engineering and Biotechnology, ICGEB, has developed an innovative next-generation air sanitation system called "Safe Air", which will further significantly improve the quality and cleanliness of the air on board cruise ships

More than $ 50 billion loss

UN agencies support resumption of cruise ship operations

London - The International Maritime Organization (IMO) and the World Tourism Organization (UNWTO) have expressed their support for the safe resumption of cruise ship operations following the COVID-19 pandemic. In a joint statement, the organizations also encouraged their member states and relevant national and local authorities to designate all seafarers and marine personnel within their jurisdictions as key workers

Biggest fall in records going back to 1955

UK GDP collapsed nearly 20% in Q2 in historic COVID hit

London - Britain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures were in force and people had few opportunities to spend

Public finances

Norway's government in deficit for the first time in 25 years

Oslo - Norway's quarterly public spending exceeded the government's overall income for the first time in 25 years during the three months from April to June, Statistics Norway (SSB) said on Wednesday. The unusual deficit, amounting to $9.5 billion, came as the COVID-19 pandemic caused a sharp fall in tax revenue and in the price of crude oil

Pandemic crisis

We share workers: Chinese factories redeploy staff to weather pandemic blow / REPORTAGE

Beijing - When the government of the south China city of Zhongshan heard that watchmaker Kam Yuen Group was furloughing more than 100 workers, it brokered a deal to shift the surplus staff to another manufacturer - a growing practice The arrangement will see Guangdong Welland Technology Co, which makes smart-watches and weighing scales, take on 140 Kam Yuen workers over the next six months

Latest data

Austrian economy shrank 10.7% in the second quarter

Vienna - The Austrian economy shrank 10.7% in the second quarter, marking its biggest contraction since the data series began after World War Two, as the coronavirus pandemic hit both domestic and foreign demand

Statistics

Port of Antwerp limits damage during corona crisis

Antwerp - The total throughput of the Port of Antwerp fell by 4.9% in the first half of the year compared to the same period in 2019. After a strong first quarter, the port experienced a decline in the transhipment of all flows of goods, with the exception of the container sector. Despite the impact of the coronavirus crisis on global production and logistics chains and a pandemic-driven drop in demand, the port remained 100% operational

State aid

UK presents support package to protect its ferry routes

London - The United Kingdom government has introduced a multimillion-pound coronavirus support package to keep the flow of goods and services running smoothly in and out of the UK, and around the country, throughout the pandemic