Tag: covid

World Bank fears stagflation and cuts global growth forecast

World Bank fears stagflation and cuts global growth forecast

The World Bank cut its global growth forecast for 2022 by almost a third to 2.9% and added fears of stagflation.
Ryanair cut their loss last year and expect a profit this year

Ryanair cut their loss last year and expect a profit this year

Ryanair reduced its net loss to €355 million in the last financial year from €1 billion in the previous financial year.
BioNTech triples key financial results in the first quarter

BioNTech triples key financial results in the first quarter

German biotechnology company BioNTech performed well in the first quarter. However, it expects a reduction in demand by the end of the year.
Oil gains fifth month in a row despite China´s Covid surge

Oil gains fifth month in a row despite China´s Covid surge

Crude oil gains fifth month in a row. Yet, uncertainties like Covid surge in China and war in Ukraine cause volatility 17,5% this month.
Another notch in the global supply chain

Another notch in the global supply chain

The anti-pandemic closure of Shanghai will have a negative impact on freight transport and increase its costs.
Covid fears sent crude oil down

Covid fears sent crude oil down

Due to the significant Covid spread in Shanghai, fears from possible oil demand disruption sent crude oil to red numbers.