European countries including Britain, Spain, Italy, France, and Germany are continuing to brim with a growing death toll due to a spike in the number of novel Coronavirus cases. Shedding light on these figures, authorities in Spain admitted on Friday, that the numbers presented does not include the deaths of those at home or those who have not been tested due to inadequacy. This applies to its neighbouring countries as well.
Further, this pandemic has caused the greatest economic downturn. To battle this, the government of Italy designated more powers to the Commissione Nazionale per le Società e la Borsa (Consob) earlier this week. This move was made for regulating the stock market and to counter the volatility created by this pandemic. The aim is to widen the shareholder base and to maintain a significant market value.
Previously, Consob announced the promotion of transparency amid 48 firms as it lowered the disclosure threshold for smaller companies from five per cent to three per cent, and for large companies from three per cent to one per cent. This week, this disclosure is made applicable to 104 firms. It has also halved to five per cent of the threshold which necessitates the investors to reveal their intentions with investing in a company. These amendments will stand for three months from today.
