You Searched For "Europe coronavirus" and got 20 results
Sort By:
3 mins read
The Bank of England warns of an 'unusually uncertain' outlook, and policymakers are keeping negative interest rates on the table
Policymakers suggested exploring negative rates later this year through "structured engagement" wit…
Shalini Nagarajan
3 mins read
The UK economy grew 6.6% in July as lockdowns eased, but has recovered only about half of lost output
"The UK economy is still 11.7% smaller than it was in February before the full impact of the corona…
Shalini Nagarajan
2 mins read
France reveals fresh stimulus worth 100 billion euros — almost 4% of its GDP and bigger than any other European economy
The new stimulus plan represents 4% of French GDP, and is "one of the largest in Europe" relative t…
Shalini Nagarajan
2 mins read
The coronavirus subvariant surging in Europe is a more-contagious type of Omicron which experts fear could soon take over in the US
The BA.2 subvariant is causing a new wave of infections in Europe, and already makes up about 23% o…
Marianne Guenot
2 mins read
COVID-19 is surging again in Europe thanks to the BA.2 subvariant and is likely to spread to the US soon
Cases in Europe have been rising again after falling over the holiday period. Experts say this coul…
Marianne Guenot
3 mins read
Fresh COVID wave expected to hit the US as Omicron subvariant and patchy vaccination rates drive surge in Europe
Cases of COVID-19 are surging in several European countries because of the BA.2 Omicron subvariant,…
Andrea Michelson
2 mins read
Global stocks rise after US jobless claims tumbled to their lowest since the pandemic began, while Europe eyes a slow vaccine rollout
Adding to the optimism, Joe Biden said his administration would double its vaccine target to 200 mi…
Shalini Nagarajan
2 mins read
The number of people employed in the UK dropped by the most since 2009 — a sign the jobs market may face yet more pain from the COVID-19 crisis
"The alarm bells couldn't be ringing any louder. Ministers must act now to protect and create jobs,…
Shalini Nagarajan
2 mins read
The Bank of England avoids 'last resort' negative rates and warns the UK economy will not recover to pre-pandemic levels until late 2021
Britain's central bank sees longer recovery, but ups its full-year 2020 GDP forecast to -9.5% from …
Shalini Nagarajan
2 mins read
The worst of Europe's coronavirus recession appears to be over, according to a set of widely-watched business surveys
Output across the euro area grew at the fastest rate in over two years as economies reopened, IHS M…
Shalini Nagarajan
2 mins read
European stocks surge as EU leaders agree on a 'shiny' $860 billion coronavirus recovery pact
Given how rocky things were looking over the weekend, it's a relief the package got over the line, …
Shalini Nagarajan
2 mins read
Europe's banks could take a $947 billion hit in a post-pandemic worst-case scenario, consultancy Oliver Wyman says
In case the region is not hit by a second COVID-19 wave, a sharp rise in unsecured loan losses migh…
Shalini Nagarajan
2 mins read
French GDP dropped at the fastest rate in history, contracting 14% in the second quarter — the latest European economy to reveal its pandemic pain
Although economists predicted a 15.2% decline, second-quarter figures reflect the painful economic …
Shalini Nagarajan
2 mins read
Germany's economy posts its largest decline since 1970 with GDP shrinking 10% in Q2
Germany's record decline reflected the impact of an economic plunge across areas including trade, c…
Shalini Nagarajan
2 mins read
Silver surges as the 'buy-everything' sentiment in markets pushes the precious metal higher, gaining 85% since March
Silver may benefit from the "buy-everything" global reflation trade prevalent in markets this week,…
Shalini Nagarajan
2 mins read
US banks retreat from European lending as the coronavirus pandemic rages
JPMorgan, Goldman Sachs, and Bank of America are said to be taking greater care in underwriting loa…
Shalini Nagarajan
1 min read
Short-sellers in Europe get the green light as coronavirus bans on betting against stocks are lifted
The ban on short selling was put in place in March as the coronavirus pandemic roiled global market…
Carmen Reinicke
3 mins read
The coronavirus pandemic will fundamentally shift how the UK economy works forever. Here are 5 ways it will change.
The current scale of government intervention used to protect the nation will add pressure to aid ot…
Shalini Nagarajan
2 mins read
US stocks inch higher after Fed Chair Powell says the economy is recovering faster than expected, while investors eye rising COVID-19 cases in Europe
Europe is in focus as EU leaders hold a virtual summit to discuss boosting vaccine supplies and the…
Shalini Nagarajan
2 mins read
The UK economy shrank more than it has done in over 40 years at the start of 2020 — and it could get 15 times worse
Households curtailed their spending while other sectors like services, production, and construction…