Eurozone private sector returned to growth in March underpinned by a record increase in manufacturing output, final survey data from IHS Markit showed on Wednesday. The final composite output index rose to 53.2 in March from 48.8 in February. The…
Read MoreEurozone Factory PMI Signals Robust Growth In November
The euro area manufacturing sector expanded for the fifth successive month in November despite new lockdown measures, final data from IHS Markit showed Tuesday. The final factory Purchasing Managers’ Index fell to 53.8 in November from 54.8 in October. Nonetheless,…
Read MoreSpain to Declare Emergency; England Cases Double: Virus Update
The Spanish government is set to declare a state of emergency for the Madrid region, as Europe’s leaders step up efforts to contain an unrelenting surge in coronavirus cases across the continent. Switzerland added German and Italian regions to its…
Read MoreEurope Increases Preventative Measures to Fight Megafires
Climate change is fueling megafires that can’t be extinguished with helicopters and fire trucks, so Europe’s most fire-prone region has come up with new ways to protect forests. In many parts of the continent, countries are letting smaller fires burn, using…
Read MoreEurozone GDP Contracts At Record Pace Amid Covid-19 Pandemic
The euro area economy contracted at the fastest pace on record in the second quarter to enter a historic recession as all major economies in the bloc logged double-digit declines due to the restrictions imposed to curb the spread of…
Read MoreItaly's winemakers are reeling from the coronavirus impact, but hope demand can bounce back
Italy's winemakers had already had a difficult year in 2019, contending with floods, heatwaves and storms. A strict lockdown in Italy put a stopper on demand from restaurants and bars for wines. Although life is getting back to normal, the…
Read MoreEU Sees Deeper Recession On Severe Impact From Covid-19
Eurozone is set to undergo an even deeper recession due to the coronavirus pandemic despite measures taken at both EU and national levels, the European Commission said in its Summer Forecast released Tuesday. The currency bloc is forecast to contract…
Read MoreHedge Fund Fighting Over Spain’s Top Paper Gets Close to Sanchez
A power struggle for Spain’s best-selling newspaper is coming to a head and Prime Minister Pedro Sanchez will be watching closely. Founded at the birth of Spanish democracy in the 1970s, El Pais has traditionally supported Sanchez’s Socialists but has…
Read MoreNew Cases in Spain and Germany Fall as Lockdowns Loosened
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. New infections and deaths declined in Germany and Spain as all of Europe watches…
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