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World

Turnover of tourism giant TUI plummets by 98.5 pct in April-June

BERLIN, Aug. 13 (Xinhua) -- Turnover of TUI plummeted by 98.5 percent year-on-year to 72 million euros (85 million U.S. dollars) in the third quarter (Q3) of the company's fiscal year from April to June, the Germany-based tourism giant announced on Thursday.

World

Germany's largest listed companies record 13 pct decline in turnover in Q2: EY

BERLIN, Aug. 13 (Xinhua) -- Turnover of Germany's largest companies listed in the DAX, excluding banks, decreased by 13 percent year-on-year to 283 billion euros (335 billion U.S. dollars) in the second quarter (Q2) 2020, according to a study published by consulting firm Ernst & Young (EY) on Thursday.

Insurance

US insurers’ coronavirus costs are less than feared so far

NEW YORK: The coronavirus pandemic dealt a relatively modest US$2.5bil blow to five insurers with large US operations in the second quarter – a cost that was far less than feared and which the industry has absorbed without touching capital, according to analysts.

World

Chilean market analysts predict decline of 6 pct in economy in 2020

SANTIAGO, Aug. 11 (Xinhua) -- Chilean market analysts estimate that the South American country's economy will fall by 6 percent in 2020, a slightly lower projection than the estimate made in July (6.10 percent), according to a report released by the Central Bank of Chile on Tuesday.