Both Italy and France entered into a recession in the first quarter of 2020 while Spain reported a large decline in it's GDP (Gross Dompestic Product) of 5.2% with the Bank of Spain warning that the country could see an annual decline of more than 13%. Earlier in the week,...
Labels will show fuel efficiency, wet grip, external rolling noise as of 2021 Estimated to save 10 million tonnes of CO2 emissions Potential to create €9 billion turnover in manufacturing The new labelling scheme for car and truck tyres aims to increase consumer awareness on fuel savings, improve safety...
Risk of payments being disrupted if agreement on the post-2020 long-term EU budget is not reached in time MEPs urge Commission to table a contingency plan to guarantee continuity of EU funding in aftermath of COVID-19 Thousands of Erasmus+ exchanges could not happen if there is no new...
EU transport boss should stop 'talking nonsense' on state aid and flight refunds says Ryanair CEO Michael O’Leary as Brussels agrees to relax the rules allowing countries to bail out their national airlines. Related: European Union countries request suspension of airline refund requirement to help companies with cash flow Adina Valean,...
Manchester, East Midlands and Stansted airports are set to introduce new regulations this week which require passengers to wear masks and gloves when travelling. In addition, passengers will have to make a health declaration. The rules are being introduced by the airports in order to ensure that air travel is...
CEO of Ryanair, Michael O'Leary, has branded Lufthansa as a "Drunk Uncle at a Wedding" in a statement he made last week questioning state aid and loans and tax breaks given to some of Europe's largest airlines. Lufthansa subsidiary, Austrian Airlines has made a request for €767 million ($831 million)...
The coronavirus outbreak has caused a significant impact on European companies, confronting them with the worst market declines in the last few decades. As one of the most-affected countries in Europe, Germany is set to witness a significant collapse in the business sector. According to data gathered by AksjeBloggen, nearly half...
McDonald's in talks with some of its UK landlords to reduce rents as the company prepares to re-open restaurants. The company says that it has paid in full for the current quarter but "given the unprecedented situation" it is in negotiations with landlords to see how they could "offer support"...
Twelve European Union countries have asked to scrap the requirement for airlines to give cash refunds and allow them to issue their customers with travel vouchers instead. The request has been made in order to help airlines with their solvency. Passengers travelling in the EU are protected by regulations which...
Global stock markets have responded to the coronavirus outbreak with worrying volatility and sharp price drops, the worst in the last few decades. Despite central banks announcing coordinated efforts to ease the coronavirus effects, the last few months have witnessed the stock market's losses counted in trillions of dollars. The...