# Trade

Employees of German car maker Volkswagen (VW) work on Volkswagen ID.3 electric car models at an assembly line of the Volkswagen car factory in Zwickau, eastern Germany, on February 25, 2020. (Photo by RONNY HARTMANN / AFP)
Employees of German car maker Volkswagen […]

German carmakers warn of ‘unprecedented collapse’ in sales

Some 35% fewer new cars were registered on German roads in the first half of 2020 compared with last year, industry data showed, as the coronavirus pandemic plunges manufacturers into crisis
A photo taken on February 5, 2013 in Marseille shows credit cards. French police has arrested, early this morning in Paris and in several French and overseas departments, 22 people in connection with the trade of credit cards numbers on internet. AFP PHOTO / ANNE-CHRISTINE POUJOULAT (Photo by ANNE-CHRISTINE POUJOULAT / AFP)
A photo taken on February 5, 2013 in Mar […]

European banks team up to offer alternative to Visa, Mastercard

European banks have teamed up to deliver by 2022 a new unified payment system that will offer consumers cards and digital wallets that could offer a serious alternative to Visa and Mastercard
Aircrafts of German airline Lufthansa are seen at "Franz-Josef-Strauss" airport in Munich, southern Germany, on June 25, 2020, amid the novel coronavirus Covid-19 pandemic. - German airline Lufthansa was poised to clear a key shareholder vote on its nine billion euro ($10 billion) state rescue on June 25, 2020, boosted by the EU's green light and the last-minute backing of a billionaire investor who had the power to veto the plan. (Photo by Christof STACHE / AFP)
Aircrafts of German airline Lufthansa ar […]

Aviation, automobiles and other virus victims

The COVID-19 pandemic has devastated several industries, from aviation and automobiles to retail and energy. Who are the major casualties, amid all the layoffs, bankruptcies and rescue plans?
Britain's Prime Minister Boris Johnson leaves 10 Downing Street in central London on June 10, 2020 to attend Prime Minister's Questions (PMQs) in the Houses of Parliament. - òThe number of suspected and confirmed deaths from coronavirus in Britain has passed the grim milestone of 50,000, the government said on Tuesday. (Photo by Tolga AKMEN / AFP)
Britain's Prime Minister Boris Johnson l […]

Britain’s Johnson, EU chiefs seek Brexit talks relaunch

British Prime Minister Boris Johnson and EU chiefs have tried to breathe new life into stalled post-Brexit trade talks, with both sides entrenched in long-held positions
British members of the European Parliament from the Group of the Progressive Alliance of Socialists and Democrats pose for a group picture wearing scarves depicting the EU and the Union Jack flags at the Europa Building in Brussels, on January 29, 2020. Photo: John Thys / AFP
British members of the European Parliame […]

UK holds firm on Brexit extension despite coronavirus

Despite the deadlock in post-Brexit EU trade talks and the coronavirus disruption, London still refuses to consider delaying a December deadline -- and the outbreak may even have toughened its stance
Employee Andrea Kuenle-Bartsch decorates a mannequin with a face mask in a fashion store in Ludwigsburg, southern Germany, on April 20, 2020, amid the novel coronavirus COVID-19 pandemic. - Parts of Europe hit hard by the deadly coronavirus pandemic took tentative steps towards resuming normal lives on Monday, April 20, 2020, with Germany allowing some shops to reopen. (Photo by THOMAS KIENZLE / AFP)
Employee Andrea Kuenle-Bartsch decorates […]

Multinationals in the time of virus: who wins, who loses?

The coronavirus pandemic, set to provoke a severe global recession this year, is hitting multinational companies disproportionately. But what sectors might succeed during the pandemic?
European Council President Charles Michel (L), Commission President Ursula von der Leyen (R) and Parliament President David Sassoli (C) give a press conference on Brexit at the EU Parliament in Brussels, on January 31, 2020. Photo: John Thys / AFP
European Council President Charles Miche […]

EU turns page on Brexit, moves on to trade talks

A resolute European Union sought Friday to turn the page on Brexit and move on to negotiating a looser, less favourable trading relationship with its departing British partner