A billboard displays official advice for testing and tracing coronavirus by the UK government. Mike Kemp | In PIctures via Getty Images The UK economy shrank by 20.4% in the second quarter of 2020, compared to the previous three months, as coronavirus-induced lockdowns hampered activity, according to preliminary figures released …
Read More »Shell posts net loss of $ 18.3 billion in Q2 after large write-down
Carl Court | AFP | fake pictures Oil giant Royal Dutch Shell reported a sharp net loss year-on-year on Thursday after an unprecedented period of turmoil in the energy market and significantly weaker oil and gas prices. The Anglo-Dutch company reported that net income attributable to shareholders based on current …
Read More »Barclays Q2 2020 Earnings
A sign hangs above an entrance to a branch of Barclays Plc Bank in the City of London, UK Bloomberg | Bloomberg | fake pictures Barclays posted a net income of £ 695 million ($ 765.64 million) for the first half of 2020, while increasing its coronavirus-related provisions. The British …
Read More »UBS earnings Q2 2020
Sergio Ermotti, CEO of UBS Group Stefan Wermuth | Bloomberg | fake pictures UBS announced a net profit of $ 1.23 billion for the second quarter of 2020, below 11% from the same period last year ($ 1.4 billion) when the coronavirus pandemic weighed on earnings. Analysts surveyed by the …
Read More »EU leaders make progress on the region’s recovery fund
Dutch Prime Minister Mark Rutte watches alongside German Chancellor Angela Merkel, European Commission President Ursula von der Leyen, and French President Emmanuel Macron, before the start of the European Council building in Brussels, on July 18, 2020. Francisco Seco | AFP | fake pictures The 27 governments of the European …
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