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According to Reuters, US sanctions designed to restrict the ability of China’s Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, citing Britain’s culture minister on Monday. A review released by the UK’s National Cyber Security Centre (NCSC) …

Germany’s influential IFO said on Monday, about one fifth (21%) of the German companies see their survival threatened by the coronavirus crisis. Quotes “Travel agents, hotels and restaurants are particularly concerned.” “We could see a wave of insolvencies in the coming months.”

German factory orders jumped 10.4% in May MoM, indicating that the contraction in Europe’s largest economy is slowing down.Data released by the Federal Statistics Office on Monday showed that contracts for goods “made in Germany” jumped 10.4% MoM compared to +15.0% expected and -25.8 previous. On an annualized basis, German …

Asian Shares reached a 4-month high on Monday as traders acted on the revival of Chinese activity to support the global economic growth, despite the high number of Covid-19 cases in US that had delayed the reopening of the economy. MSCI’s Asia Pacific Index outside Japan fell 1.5% to its highest …

Jean Castex will lead a new French government, after being named by President Emmanuel Macron as prime minister. Macron, who was elected in 2017, promised a cabinet reshuffle in recent days to focus on recovery from the negative economic impacts of the COVID-19 pandemic. The new Prime Minister of France, …

The European Commission has granted a conditional clearance to use Gilead Sciences’ Remdesivir to treat Covid-19 This decision came after the European Medicines Agency’s “rolling review” that started at the end of April. The Commission had previously stated that it was negotiating with Gilead to purchase sufficient doses for European …

August West Texas Intermediate crude futures fell nearly 1.50% during European session after facing a rejection near 40.50. WTI failed to sustain the higher levels but on track to record weekly gains. The growing fears of an increase in the numbers of cases with Covid 19 affected the market sentiment, …

US President Donald Trump tweeted on Friday: “There is a rise in Coronavirus cases because our testing is so massive and so good, far bigger and better than any other country,” adding that this is excellent news, but “even better news is that death, and the death rate, is down. …

Addressing the German parliament on Friday, Germany’s Chancellor Angela Merkel said that they are preparing on every level for a no-deal Brexit. In previous remarks on Monday, Merkel warned that the European Union (EU) needs to be prepared for a situation in which a Brexit deal is not reached. The …

German Chancellor Angela Merkel said that members of the European Union (EU) must agree on a deal to help fund the recovery of the bloc’s economies from the effects of the coronavirus disease (COVID-19) pandemic. A deal must be reached before the end of summer, Merkel stressed in her remarks …