OECD unemployment rate down to 7.4% in August 2020

The FINANCIAL — The OECD unemployment rate fell by 0.6 percentage point in August, to 7.4%, but remained 2.2 percentage points above the level observed in February, before the COVID-19 pandemic hit the labour market. 48.4 million persons were unemployed in the OECD area, 13.5…

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écomiam got listed on Euronext Growth

The FINANCIAL — Euronext congratulated écomiam, a family business that is France’s third largest specialised frozen-food distributor, on its listing on Euronext Growth (ticker code: ALECO). Founded in 2009, écomiam is a family business specializing in the distribution of fresh frozen foods. It operates a…

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Public services at risk as city & region revenues plunge by 10%

The FINANCIAL — The first EU-wide Regional and Local Barometer – produced by the European Committee of the Regions – warns that Coronavirus pandemic is heavily impacting sub-national authorities’ revenues: in Italy, Germany and France alone, their losses could total 30 billion euros in 2020. The…

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Noble Partner 2020 military exercises ended in Georgia

The FINANCIAL – – In February of 2020, it was announced that Georgia would host the Multinational Military Exercise Noble Partner for the fifth time. Main Planning Conference had officially opened on 3 February and aimed at planning events for the conduct…

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Noble Partner 2020 Officially begins on 7 September

The FINANCIAL — Noble Partner is a cooperatively-led multinational training exercise in its fifth iteration. It is aimed to enhance Georgian, U.S. and partner forces readiness and interoperability and to also contribute in maintaining stable, secure environment over the Black Sea region. U.S.…

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Coronavirus hit famous French nudist resort

The FINANCIAL — Coronavirus cases continue to rise in France. French regional health authorities on Sunday said that there has been a “very worrying” outbreak of coronavirus. More than 100 nudists have tested positive for the COVID-19 after staying at or visiting the…

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UNSC Members support sovereignty and territorial integrity of Georgia

The FINANCIAL — On 5 August 2020, the UN Security Council discussed the situation in Georgia’s occupied territories and the Russia-Georgia conflict at its closed session dedicated to the 12th anniversary of Russia’s military aggression against Georgia. The parties expressed their extreme concern about…

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Société Générale reported €1.26 bln loss

The FINANCIAL — One of the leading European financial services groups – Société Générale, today announced second quarter 2020 financial results. Revenues at its equity trading unit dropped 79.5 % compared with the same period in 2019. Customer activity gradually picked up from mid-May,…

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