Brief economic corona news from August 13
FHI, Federation of Technology Industries – August 13, 2020
- Due to the corona crisis, Rabobank saw its net profit fall to 227 million euros over the past six months. The company is setting aside 1.4 billion euros in a bind and it is going to close more than a hundred branches.
- SMEs are mainly responsible for making the industry more sustainable. This is the conclusion of Milieudefensie based on requested government information. Large consumers such as Shell and Tata Steel would sometimes even receive money, while smaller companies contribute to the Sustainable Energy Storage.
- Blood bank Sanquin starts production of a medicine that can be used to protect vulnerable groups against corona. The blood bank has three thousand kilos of plasma, rich in antibodies against the virus, reports the AD. Yet Sanquin is still looking for donors.
- The number of companies declared bankrupt has decreased. In July, 27 fewer companies were declared bankrupt than in June, says CBSMost bankruptcies occur in the commercial sector.
- The International Energy Agency is pessimistic about the recovery of the oil market in new estimates. The situation in civil aviation in particular is causing low demand for kerosene, writes Bloomberg.
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