Gazprom fined 7.6 billion by Poland over Nord Stream 2
Poland's antitrust office fines Gazprom 7.6 billion euros for Nord Stream 2 violations harming Polish consumers and Europe’s energy ties. Five other firms face 52 million euros in penalties. Gazprom will appeal. other companies lacked required consent to jointly finance the project. In Davos, WEF plans May 18 21 in Lucerne Buergenstock after postponement due to health concerns. A Lilly antibody therapy study suggests reduced symptoms and hospitalizations in mild to moderate COVID-19 patients, with interim results awaiting peer review.
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Russia
Gazprom
Germany
Europe
Poland
Office of Competition and Consumer Protection
U.S
Eli Lilly and Company
Donald Trump
Regeneron Pharmaceuticals Inc
World Bank warns up to 150 million could fall into extreme poverty
Worldwide economy shrinks by 5.2 percent this year with nearly a quarter living on less than $3.20 daily. The World Bank warns unemployment rises, savings vanish, and education gaps widen as COVID-19 triggers the deepest poverty surge in decades across South Asia and sub-Saharan Africa, urging debt relief and IMF actions to avert a decade-long recovery.
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Johannesburg
World Bank
India
Nigeria
Indonesia
South Asia
sub-Saharan Africa
David Malpass
International Monetary Fund
Washington
Africa
Sub- Saharan
Spain unveils 140 billion euro recovery plan
Spain's prime minister announced a 140 billion euro EU funded plan to pull the economy from recession with aims to create 800,000 jobs in three years. The focus is green energy and a digital economy, about 70 percent of funding, amid the COVID-19 downturn.
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Lisbon
Portugal
Spain
European Union
Pedro Sanchez
Madrid
Europe
France
Germany
Italy
Italia
Greece
Airlines jump on Trump relief tweets amid mixed signals
SILVER SPRING MD Shares in major U S airlines rose at the opening bell after President Trump signaled willingness to help decimated carriers with payroll support while earlier tweets said negotiations on a broader relief package would end until after the election. United American and Delta led gains as airlines face 70 percent travel declines and potential furloughs without new aid.
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Silver Spring
U.S
Donald Trump
House & Senate
Trump
Wall Street
United Airlines
American Airlines
Delta Air Lines
Southwest
American
United
White House
Dow Jones
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Warsaw
Geneva
Davos Forum
World Economic Forum
Davos
Lucerne
Buergenstock
Forum
Adrian Monck
Lilly
The
Associated Press
Makoko
Lagos
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