Pandemic-induced lockdowns in the spring shuttered businesses and factories, but sentiment improved as the economy opened up in the following months. — Reuters pic
“Unemployment and underemployment fell sharply... However, the labour market is still showing clear signs of the first wave of the corona pandemic,” BA chairman Detlef Scheele said. The number of people in short-time work fell in October to 2.6 million from a peak in April of 5.95 million, the BA agency said, suggesting an upturn in business confidence.
The government intends to offer financial support for companies affected by the lockdowns, but that may not be enough to save some of the millions of jobs at risk. “The restrictions adopted will hit some sectors of the economy hard, but will protect the economy as a whole and most sectors economically”, said Marcel Fratzscher, president of the DIW research institute.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German infectious disease agency hit by hackers days before arson attack - Spiegel | Malay MailBERLIN, Oct 28 — Germany’s Robert Koch Institute for infectious disease control was hit by a cyber attack days before its headquarters was the target of an arson attempt, Der Spiegel reported today. The news weekly, citing the Federal Centre for Information Technology, said the website was...
Source: malaymail - 🏆 1. / 86 Read more »
Europe a sea of red: German shares plunge up to 5pc on emergency lockdown | Malay MailFRANKFURT, Oct 29 ― German shares suffered their weakest day since early June yesterday as the government agreed on an emergency lockdown to combat surging Covid-19 cases, with other European markets following suit on fears of more curbs around the continent. The German DAX sank as much as 5 per...
Source: malaymail - 🏆 1. / 86 Read more »
Renewed ban on fans is regrettable, says German leagueBERLIN (Reuters) - The German Football League (DFL) on Wednesday said it regretted a government decision to ban spectators from football stadiums from next week as part of new measures to curb a rise in COVID-19 infections across the country.
Source: staronline - 🏆 4. / 75 Read more »
Overwhelmed German lab produces run of false Covid-19 positive testsThe anomaly came to light after a hospital became suspicious and retested patients. FMTNews Covid19
Source: fmtoday - 🏆 5. / 72 Read more »
Merkel plans circuit-break lockdown as German virus cases surgeBERLIN: Chancellor Angela Merkel will press regional leaders on Wednesday to agree to a partial lockdown in Germany which would see restaurants and ba...
Source: theSundaily - 🏆 25. / 51 Read more »
Merkel to save Christmas with curbs as German virus crisis worsensThe proposed restrictions will come into force from Nov 4 until the end of the month. FMTNews Lets see how the germans handle this...
Source: fmtoday - 🏆 5. / 72 Read more »