Billion profits for information technology concertes

Amazon, Apple, Google and Facebook benefit from shipping users and advertising clients at the time of the Corona pandemic. 38 billion dollars (32.5 billion euros) have won all four IT giants in the past quarter. Amazon has increased the quarter ride compared to a year ago by 37 per cent, having a total of 82.3 billion euros. “We see more clients than before, buying on the internet”, said Amazon Jeff Bezos chief. Facebook benefits in the advertising business, as more and more small firms now switch to online sales to recover crisis losses. Googel's doing business on the YouTube video platform, while people are staying more at home. In times of homeoffice and online learning Apple is being empowered in the business with Mac and iPads.

German Economy Rikuperimi in 2023

The German economy, due to the rigors of the Corona crisis, according to the assessment of Prognos entrepreneurship researchers may suffer losses for several years. The current development of pandemic gives rise to concern that acute and long-term consequences will be more serious than predicted in past months”, says a forecast of the crisis from Berlin Enterprise for Economic Studies and Consultancy. “The sign of these consequences is that three to four years of economic growth”, notes Prognos chief economist Michael Böhmer. The sooner the decline in infections is achieved, the smaller the consequences will be for the economy, reports DW.

In 2020, according to this scenario, the loss of gross product in the country could be about 8.1 per cent. Economic growth in 2021 could be about 2.5 per cent less than hoped so far. The pre-crisis economy level could be achieved again perhaps in 2023, economists estimate.

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Currently, there is an increase in the number of infected people in Germany, according to Institute Robert Koch (RKI) on Friday (30.10) for the first time in one day, over 18,000 new infections were registered. In an effort to limit the number of infections and risk of spreading the German virus, restrictive measures have been taken. Starting Monday (2.11), public life will have many restrictions.

The suspension of activities in the field of culture is also a move that seriously hits the sector. State Minister for Culture Monica Grütters fears serious consequences for the art and culture sector: „As much as I understand the new rules that are necessary: For culture closure is a real catastrophe”, Christian Democrat politician said. Culture is not a delicate one for the elite, but it is the bread for all”, the minister stressed, adding that „Kultura is the necessary correction for a living democracy. That's exactly what makes the culture relevant to the system. ”