Your Daily Scan of the New Global Economy

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Germany
France unveils stimulus plan worth €8 billion for car industry The package includes an increase to the state subsidies given to motivate potential buyers of new electric cars. The plan also includes a state loan worth €5 billion for troubled carmaker Renault. Posted: May 27, 2020 2:51 am by DW.com
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Ryanair condemns Lufthansa aid package Europe’s biggest low budget airline has said a €9 billion government rescue package for the German flag carrier amounts to an "illegal subsidy." Ryanair’s CEO said Lufthansa is "addicted to state aid." Posted: May 26, 2020 6:39 pm by DW.com
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The Assads against the Makhloufs: A Bitter Feud over Power and Money Erupts in Syria For the last several months, a heated conflict has been escalating between the most powerful families in Syria. It has been trying Russia’s patience and could decide who will ultimately wield control. Posted: May 26, 2020 5:32 pm by SPIEGEL...
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Amazon denies outbreaks at German warehouses Two virus outbreaks have now been traced to Amazon warehouses in Germany. The company says it has introduced over one hundred new safety measures, which a major workers’ union says is still too little, too late. Posted: May 26, 2020 4:08 pm by DW.com
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Bangladeshi Seamstresses Struggle for Survival amid Factory Closures A million seamstresses in Bangladesh had to stop work due to the corona closures of clothing stores in Europe and the U.S. Now, production is restarting, and the workers have been given a choice: Either go hungry or risk infection at work. Posted: May 26, 2020 2:42...
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Why breaking globalization is easier said than done Globalized supply chains have accelerated growth over the past decades but are proving fragile in the current pandemic. As companies assess the new risks emerging from globalization, safe supply is moving center stage. Posted: May 26, 2020 12:26 pm by DW.com
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Coronavirus pushes Latam Airlines into bankruptcy Latin America’s largest airline is the latest carrier to fall prey to the virus that has massively disrupted air travel. Latam Air counts US airline Delta Air Lines and Qatar Airways among its prominent shareholders. Posted: May 26, 2020 11:10 am by DW.com
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EU Pandemic Adviser Peter Piot: "We Will Have to Learn to Live with COVID-19" Belgian pandemic expert Peter Piot helped discover the Ebola virus, and is currently advising the EU on the COVID-19 pandemic. He is also a survivor of the disease, and found it much worse than he had expected. Posted: May 23, 2020...
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Merkel and Macron Find the Strength for Europe France and Germany have once again banded together for the greater good in Europe. Their show of unity was long overdue. Posted: May 22, 2020 4:12 pm by SPIEGEL Online
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France and Germany Show the Way Forward in the COVID-19 Crisis For a time, it looked as though the crisis surrounding the coronavirus could deliver a fatal blow to the European Union. But on Monday, Paris and Berlin announced a new fund. There is still plenty of opposition to overcome. By DER SPIEGEL Staff Posted:...
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