The French economy operates 12% below normal levels under the new lockdown versus the 31% loss seen during the April lockdown, according to the monthly survey of the Bank of France carried out on 8,500 business leaders. “Go sservices that required direct contact with customers would be the most affected, with a 40% drop in […]
Tag: France
Controversy with Amazon after asking the mayor of Paris not to buy on the platform: “It is the death of small businesses”
Amazon has always been seen as a competition for traditional physical commerce, even as an enemy, considering that monopolizes customers of physical stores. However, during the months of confinement, non-essential businesses that were unable to open their establishments and did not have their own online store, could, for example, sell on the Internet through platforms […]
Spain has already lost 50 million tourists until September and more than 55,000 million of spending
Spain received 87% fewer tourists in September than last year on the same dates. Specific, 1.1 million international tourists arrived, compared to the 8.8 million who visited us last year. This means that we have lost more than seven million travelers in that month alone. This means deepening even more the drop registered in previous […]
The confinement of the United Kingdom and Germany frustrates the tourist corridors in the Canary Islands
The Canary Islands see their last attempt to save part of their peak tourism season, which has just begun, disappear. Just a week after the United Kingdom and Germany decided to include the archipelago in the list of safe destinations, the governments of both countries have decreed a new confinement of their populations try to […]
IAG already loses more than 5.567 million until September and criticizes the measures of governments to face the pandemic
IAG, the group that owns Iberia, British Airways or Vueling, suffered a loss of 1.3 billion euros in the third quarter of this year (July-September) due to the collapse in passenger traffic derived from the pandemic, as reported this Friday. In these nine months the losses amount to 5,567 million euros, compared to the profit […]
The Minister of Finance expects the country’s economy to contract by 11% in 2020
It is anticipated that French economy to contract by 11% in 2020said French Finance Minister Bruno Le Maire after preliminary third-quarter GDP rebounded 18.2% versus + 15.4% expected. “We will have a fourth quarter economy that will be tough,” Le Maire added. The discouraging comments come after France reported 47,637 new confirmed coronavirus cases in […]
Delfraissy says new lockdown due to COVID-19 may extend beyond December 1
France’s national lockdown could be extended beyond its initial December 1 deadlinethe government’s scientific adviser, Professor Jean-François Delfraissy, said Thursday. Delfraissy has said: “By December 1, we will not be in 5,000 infections a day. I can say it today. We will need more time“. His comments come after the president Emmanuel Macron said Wednesday […]
France plans to announce stay-at-home orders – Reuters
The french government is preparing to announce a stay-at-home order this week in an attempt to limit the spread of the coronavirus in the country, it reported Reuters on Wednesday, citing two sources familiar with the matter. “Industry sources said the new restrictions would be nationwide and similar in scope to a lockdown that was […]
Garamendi believes that the Government Budgets are “unrealistic”
This was stated during the 35th congress of Aecoc, the Association of Manufacturers and Distributors of Mass Consumption, which is held today in Valencia. According to Garamendi, now “is not the time to raise taxes.” “It is a mistake and it goes in the opposite direction to what other countries are doing”, such as France, […]
Investment funds, hunting for hotel bargains on the Valencian coast
The delicate situation of the national tourism sector, with an estimated drop in sales of almost 80% According to the latest survey of prospects by Exceltur, it has put Spanish hotels in the spotlight of international investment funds, which want to acquire a real estate park in Spain at a good price, taking advantage of […]
