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Belgium may lose more than 42 thousand jobs and 2.35% of GDP due to the UK's withdrawal from the EU without an agreement. This was announced to journalists in Brussels by the representative of the Federation of Belgian Enterprises, Peter Timmermans. The most economically developed and populated region of Flanders is expected to suffer the most from Brexit. Therefore, the authorities recommend companies in this region to reorient their business to new markets. The international consulting company Deloitte concluded that the economies of Germany, France, the Netherlands and Belgium would feel the most negative effects of Brexit. One of the main economic partners of Belgium is the United Kingdom, which accounts for about 32 billion euros of Belgium's exports.
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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