Australia has entered recession – Last Hour

(ANSA) – SYDNEY, 2 SEPTEMBER – Australia entered its first recession since 1991, with a 7% reduction in its economy in the second quarter due to the coronavirus epidemic. The official data released today show this. According to the Australian Bureau of Statistics, it is the fastest quarterly contraction ever recorded in the country, after […]

Japanese economy experiences worst contraction in history

(Ecofin Agency) – Japan, the third largest economy in the world, saw its GDP fall by 7.8% in the second quarter (April-June), compared to the previous quarter. That is a decrease of 27.8% year-on-year, according to figures released on Monday. It is the most brutal contraction ever recorded in its history, and which appears to […]

General Motors falls in red in the 2nd quarter

July 29, 2020 – 12:07 PM General Motors losses amount to more than $ 758 million, when the company had to close its plants for two months NEW YORKUS automaker General Motors (GM) fell red in the second quarter of the year with a net loss of $ 758 million, punished by the covid-19 pandemic, […]

Markets: Wall Street closes its best quarter since 1998 | Economy

The New York Stock Exchange closed the last session of the positive second quarter on Tuesday to end with the largest quarterly increase in more than two decades. According to provisional closing results, the Dow Jones advanced 0.84% ​​to 25,811.65 points, the Nasdaq 1.87% to 10,058.77 units and the S&P 500 gained 1.53% to 3,100.29 […]

Telefónica merges with Liberty to be leaders in the United Kingdom

Telefónica and Liberty have signed an agreement to integrate their subsidiaries in the United Kingdom: O2 and Virgin Media. In this way, a telecommunications giant will be created in this market, considered strategic for the Spanish multinational. The joint venture will be 50% owned by each company through an operation valued at 35.8 billion euros, […]

Microsoft’s revenue grew 15% in the first quarter driven by Azure

The company’s net profit rose to $ 10.75 billion, or $ 1.40 per share, from $ 8.81 billion, or $ 1.14 per share, a year earlier. While, The Swedish-based music platform Spotify announced that it reached 130 million subscribers in the first quarter of the year in the fight against the coronavirus, causing its shares […]

Unemployment: Gipuzkoa loses 1,100 employees in the first quarter

The effect of pandemic and the closure of activities such as hospitality, non-food trade and other sectors derived from the lack of activity has made the data of the Labor Force Survey of the first quarter are influenced by this atypical situation, although it is muffled by impacting in the last fortnight of March, as […]