BMW asked the Federal Employment Agency (BA) to reduce the working hours of some 20,000 employees, most of whom work at the German plants in Dingolfing, Munich, Regensburg and Leipzig, a company spokeswoman said today.
This measure temporarily regulates employment during a crisis, since the BA…
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crisis
Trump requires GM to comply with fan manufacturing
The President of the United States, Donald Trump, criticized the president and CEO of the automobile company General Motors, Mary Barra, after the firm promised to donate 40,000 fans to help in the fight against the coronavirus pandemic…
Petrobras requested liquidity from banks
The Brazilian oil company Petrobras requested liquidity from the bank valued at 8,000 million dollars, due to the current situation in the world.
Faced with the crisis caused by the coronavirus, the oil company has taken the initiative to…
ECLAC forecasts zero economic growth for LA and the Caribbean in 2020
Latin America and the Caribbean say goodbye to 2019 in the midst of economies deeply affected by a marked disparity in internal indicators and in 2020, which, according to ECLAC, will be the "period of least growth in 40 years".
A poor…
Thomas Cook bankruptcy hits tourism industry
This Monday the British tour operator Thomas Cook declared bankruptcy. As a consequence, an average of 600,000 people have been stranded worldwide due to suspension of flights from the group's airline.
One of the most affected countries…
New emplyment cuts affect the economy in Spain
In the current decelerated economy of Spain, many companies - especially in industry and banking - have outlined strategies that allow to thin the workforce that includes the payroll of each one of them, as a formula to save costs since the…
Bitcoin becomes a protest tool in Hong Kong
An increasing number of businesses and individuals in Hong Kong are adopting cryptocurrencies for transactions as a result of protests against the government that already add up to 12 weeks and are severely affecting the economy and…
Venezuela is in its sixth year of recession
The contraction of the Venezuelan economy in 2019 will be 33.8%. Since 2014, domestic production of goods and services has registered an accumulated drop of 70%, which cannot be compensated by private imports or remittances. And the two…
Cuba studies using cryptocurrencies to avoid economic sanctions
According to a report published by Reuters news agency, the Cuban government is considering using crypto coins to avoid economic sanctions imposed by the US government.
The president of the Council of State of Cuba Miguel Diaz Canel…
Lumin AID launches solar energy lamps in Venezuela
Rural and vulnerable areas of Venezuela could have soon an alternative to electricity in case of new power outages. These are the solar energy lamps produced by the American company LuminAid.
The directors of the firm, the architects Anna…
EOS Venezuela launches online event for three days
Venezuela, a country with an economy in crisis and exposed to the highest inflation rate in the world, hosts the online event "Camp EOS - The world of dApps", from today and until Thursday 13 at 4:00 p.m. The organizer is EOS Venezuela, the…
President of Panama recognizes Guaidó
The president of Panama Laurentino "Nito" Cortizo reported that his government will maintain recognition of leader Juan Guaidó as interim president of Venezuela and questioned the role of the Lima Group in seeking a solution to the crisis…