- ING saw in the second quarter a large part of the profit evaporate: the profit came to 300 million euros, 80 percent less than the previous quarter. The bank mainly spends a lot of money filling the pot of losses.
- The recovery in the German industrial sector continues. In June, the number of orders rose by 28 percent compared to May, says the Federal Statistical OfficeThe recovery is stronger than many economists had anticipated.
- The corona crisis is putting a brake on wage increases in new collective labor agreements, says AWVN. According to the employers' association were the wage agreements on average lower than 2 percent in the collective labor agreements concluded in recent months. The AWVN also reports that far fewer collective labor agreements have been concluded this year than usual because negotiations were at a standstill for a long time.
- British pharmaceutical giant AstraZeneca has signed a deal with China's Shenzen Kangtai. The Chinese pharmaceutical company will produce at least 100 million coronavirus vaccines per year, based on AZD1222 developed by Oxford University, reports Reuters.
- The VO-raad, the umbrella organization for secondary schools, demands that the Outbreak Management Team provides more clarity about ventilation systems in schools. According to an article in the AD Experts fear that the quality of these systems is insufficient and that this increases the risk of spreading the coronavirus.
- In week 31, 51 companies and institutions were declared bankrupt, reports CBSThat is 14 more than in week 30.
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