April 14, 2021

Airbus will leave the A380 on land in 2021 and four other economic news in the morning

Airbus will leave the A380 on land in 2021 and four other economic news in the morning


MadridUpdated:

1. Airbus will stop manufacturing its giant A380 aircraft in 2021 due to lack of orders. The European group Airbus announced on Thursday that it will stop manufacturing its giant A380 aircraft in 2021 after its main customer of this device, Emirates, has decided to modify a part of their orders to replace them for the A330-900 and A350-900 models, which seem more efficient.

2. Only linking pensions to the CPI without further reforms would trigger debt in 30 years to 132% of GDP. If the revaluation of pensions is linked to the CPI and no further measures are applied or the deficit is reduced, the public debt will climb fifty points in 2048 until reaching 132.2% of GDP, that is, more than 60,000 million than the current 97%.

3. The net profit of Coca-Cola European Partners soars 32% to 909 million euros. Coca-Cola European Partners (CCEP), the largest bottler of the US brand in the world, has increased its net profit by 32% in 2018 , up to 909 million euros, in an exercise in which its sales have fallen slightly in Spain.

4. Levi Strauss is preparing to return to the stock market after his exclusion in 1985. Levi Strauss, the popular American jeans firm, has registered with the US Securities and Exchange Commission (SEC) the brochure to carry out an initial public offering of shares, which would mean the return to the parquet of the company after its exclusion from the stock market in 1985, as reflected in the documentation presented.

5. The benefit of Renault falls 34.9% in 2018 due to the lower contribution of Nissan, WLTP and Argentina. The French automotive consortium Renault has seen its net profit reduced by 34.9% during the past year, up to 3,451 million euros, compared to the 5,308 million euros it earned in the previous year, according to data published by the company.

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