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  • The price of a barrel of American light crude oil, a benchmark for the US, reported a nearly 25 percent drop when the stock session closed over fears of overcapacity at storage sites and excessive supply, the BTA quoted France Press as saying.
    The price of US oil fell nearly 25% over fears about its stockpiling
    2020-04-29 11:30:04
    The price of a barrel of American light crude oil, a benchmark for the US, reported a nearly 25 percent drop when the stock session closed over fears of overcapacity at storage sites and excessive supply, the BTA quoted France Press as saying.
  • Given the declared state of emergency in the country and as a result of an analysis of the planned expenditure under the budget of the Ministry of Energy for 2020, there is a reduction of capital expenditures by BGN 300 000, including for supplies of fixed assets, office equipment and basic repairs. This is said in a written response by the Minister of Energy Temenuzhka Petkova, published on the National Assembly page. It specifies that the capital expenditure of the ministry approved in the 2020 budget is BGN 800,000, BTA reported.
    Capital expenditures will be reduced by BGN 300,000 for 2020.
    2020-04-29 08:30:18
    Given the declared state of emergency in the country and as a result of an analysis of the planned expenditure under the budget of the Ministry of Energy for 2020, there is a reduction of capital expenditures by BGN 300 000, including for supplies of fixed assets, office equipment and basic repairs. This is said in a written response by the Minister of Energy Temenuzhka Petkova, published on the National Assembly page. It specifies that the capital expenditure of the ministry approved in the 2020 budget is BGN 800,000, BTA reported.
  • Lufthansa and the German government have yet to agree on a rescue package for the airline.
    No rescue package for Lufthansa has been agreed yet
    2020-04-29 07:30:17
    Lufthansa and the German government have yet to agree on a rescue package for the airline.
  • Germany is ready to offer additional financial assistance to companies if necessary because of the coronavirus. And if the quarantine lasts longer than expected, a fund for the gastronomy sector may also be needed. This was stated today by Minister of Economy Peter Altmaier, quoted by Reuters and BTA.
    Germany envisions rescue fund for culinary sector over pandemic
    2020-04-29 07:30:04
    Germany is ready to offer additional financial assistance to companies if necessary because of the coronavirus. And if the quarantine lasts longer than expected, a fund for the gastronomy sector may also be needed. This was stated today by Minister of Economy Peter Altmaier, quoted by Reuters and BTA.
  • The European Commission will propose in the coming days that EU countries support airlines against insolvency. This was announced by EU Transport Commissioner Adina Valyan at a meeting of the European Parliament's transport committee.
    EC proposes states to protect airlines from insolvency
    2020-04-29 06:30:17
    The European Commission will propose in the coming days that EU countries support airlines against insolvency. This was announced by EU Transport Commissioner Adina Valyan at a meeting of the European Parliament's transport committee.
  • Toyota (Toyota Motor) reported today that its sales in the world collapsed in March because of restrictions and falling demand caused by the coronavirus pandemic, DPA and TASS reported.
    Toyota sales drop in March by 22.6%
    2020-04-29 06:30:05
    Toyota (Toyota Motor) reported today that its sales in the world collapsed in March because of restrictions and falling demand caused by the coronavirus pandemic, DPA and TASS reported.
  • Employees at Amazon (Amazon) warehouses have gone on strike again demanding better protection against the coronavirus. They were also supported by computer specialists at the company, the protest organizers said, quoted by France Press and BTA.
    New strike at Amazon for better protection than COVID-19
    2020-04-29 05:30:15
    Employees at Amazon (Amazon) warehouses have gone on strike again demanding better protection against the coronavirus. They were also supported by computer specialists at the company, the protest organizers said, quoted by France Press and BTA.
  • Spain's unemployment rate rose to 14.4 per cent in the first quarter as a result of the coronavirus pandemic, National Statistical Institute (INE) data quoted by France Press show.
    Spain's unemployment rate rose to 14.4% in first quarter
    2020-04-29 04:30:17
    Spain's unemployment rate rose to 14.4 per cent in the first quarter as a result of the coronavirus pandemic, National Statistical Institute (INE) data quoted by France Press show.