Spring DST starts Sunday, 28 March 2021 at 2:00 AM, jumping the time to 3:00 AM. The European Parliament voted to abolish the unpopular DST by 2021 the EU is leaving it to its member-states, individually, to decide whether to stick to, or drop, DST. So far nobody has come forward with a rejection plan. The blame for the "procrastination" is on the pandemic aggravated by Brexit. There simply is too much on everybody's plate to be adding one more heap, worrying about what to do with the bi-annual changing of the clocks! The blame for the "procrastination" is on the pandemic aggravated by Brexit. There simply is too much on everybody's plate to be adding one more heap, worrying about what to do with the bi-annual changing of the clocks!
On 11 February of this year, Google has announced that it is making Malaga the headquarters of its Cybersecurity Center of Excellence. With a global scope, this will convert the southern Spanish city into one of the most important cybersecurity hubs in Europe. Quite a welcome shot in the arm for a country whose self-confidence is badly shaken by the collapse of its powerful Tourism industry as a result of the pandemic.
President-elect Joseph R. Biden proposed last week a $1.9 trillion rescue package to combat the economic downturn in the US and the Covid-19 crisis. “During this pandemic, millions of Americans, through no fault of their own, have lost the dignity and respect that comes with a job and a paycheck,” said Biden. The Biden rescue proposal would be financed entirely through increased federal borrowing and comes from the idea that the virus and the recovery are intertwined.
More than a million new cases of coronavirus were reported recently, giving rise to a spate of new lockdowns and restrictions across the USA. Thanksgiving may just be a flop this year!
Inditex SA, the world’s largest clothing retailer, and Zara’s parent company, has been hit hard by the pandemic, with a sales decline of 44% to €3.3bn/$3.8bn during the first quarter of its financial year. Considering the sharp downturn in sales, one will understandably wonder about Inditex’s relatively small loss. Here is why: online sales rose significantly during the worst period of the pandemic. Today, the giant Spanish retailer looks forward to the challenges of the post-COVID19’s new reality with self-assurance and an unmatched in-store and online retailing savvy.
In view of very disturbing flare-ups, Spain's Prime Minister Pedro Sanchez announced recently that the army will be on hand to help regions track and trace COVID-19 positives. Sanchez admits that the situation is "worrying" but stresses that Spain is nowhere near the height of the pandemic in mid-March.
Spanish Prime Minister Pedro Sánchez: The Agreement in Brussels of the Coronavirus Recovery Plan marks “one of the most brilliant pages ever written in EU history.” It is “a historic agreement for the economic recovery of our country [i.e., Spain], not only in offering a response to the COVID-19 crisis, but also to the transformations needed.” The Agreement is 95% satisfactory for Spain and 100% for the whole of the EU.
The EU economy will experience a deep recession this year due to the coronavirus pandemic. The Summer 2020 Economic Forecast projects that the euro area economy will contract by 8.7% in 2020 and grow by 6.1% in 2021. The EU economy is forecast to contract by 8.3% in 2020 and grow by 5.8% in 2021. Early data for May and June suggest that the worst may have passed. The recovery is expected to gain traction in the second half of the year, albeit remaining incomplete and uneven across Member States.