According to the Confesercenti data, the economic crisis has hit mostly small and medium-sized businesses. The alarm: “122 shops close every day Source Today
Kuwait Airways said it has decided to suspend all flights to Iran on Thursday until another notice amid fears from a coronavirus outbreak, according to statements published on the company’s Twitter account. Source Al Alarabiya
Japan is finalizing a plan that will tighten scrutiny of foreign investment in 12 key sectors, four government sources with knowledge of the matter have said. The sectors would include industries like defense, nuclear power, aerospace, utilities, gas, cyber security and telecommunications, two of the sources said. Source Japan Times
Airbus announced on Wednesday it planned to cut 2,362 jobs in its Defence and Space division, which is headquartered near Munich, over the next two years. The European multinational aerospace company will cut 829 jobs in Germany, 630 in Spain, 404 in France and 357 in Britain. A further 142 jobs will be cut in other countries. Source Deutsche Welle
