(C) Reuters.
BERLIN (Reuters) – The share of German companies that have implemented short-time work plans declined to 37% in August from 42% in July, a poll by German economic institute Ifo showed on Monday.
Short-time work, also known as Kurzarbeit, allows employers to switch employees to working fewer hours or even none during a downturn.
Number of German companies with short-time work declines in August: Ifo
By Reuters – Aug 31, 2020
SEOUL (Reuters) – South Korea’s economy turned out to have shrunk by a seasonally adjusted 3.2% in the April-June period from the previous quarter, revised central bank data…
By Reuters – Aug 31, 2020
By Julie Gordon OTTAWA (Reuters) – Canada’s statistical agency is paying close attention to the “pot of cash” that Canadians have saved up amid the COVID-19 pandemic as it looks…
By Bloomberg – Aug 31, 2020
(Bloomberg) — Italian companies slashed investment and consumers cut back on spending during the coronavirus lockdown in the second quarter, sending the economy into a record…
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