Page 7 - Europe Economy

Euro set for biggest monthly drop since mid-2019 on economy fears

Against a basket of its rivals, the dollar steadied at 92.810, just below a November 2020 high of 92.92 hit last week

Tata Steel, UPL, Tata Motors: Bear grip firm on stocks with UK exposure

A Gap down closing on December 21, 2020 dismantled the upside bias in Tata Steel stock

Euro zone business activity shrinks but Covid vaccine hopes boost optimism

The bloc's economy is on track for its first double-dip recession in nearly a decade as a second wave of the coronavirus sweeps across Europe, a Reuters poll suggested last week

ECB eyes more bond buys, cheap loans to keep euro zone afloat: Lagarde

Lagarde said inflation in the 19-country bloc was now likely to remain negative for longer than expected as a second wave of the COVID-19 outbreak forces new restrictions on economic activity.

Rolls-Royce Holdings stock hits 17-year low as slump deepens for airlines

Europe's biggest airline will pull 150 jets by mid-decade, 50 more than in its previous plan

Swedish govt promises $12 billion to kick-start economy in 2021 budget

The Social Democrat and Green coalition said the budget would focus would be on boosting jobs among others.

Europe's Covid surge looks less deadly as rise in testing keeps deaths low

Many of the infections stem from younger people traveling and partying during the summer holidays, and some of those cases have been asymptomatic

Euro zone business activity returned to modest growth in July: PMI

Euro zone business activity returned to modest growth in July as some curbs to stop the spread of coronavirus were lifted, but rebound in bloc's dominant service industry was not as sharp as expected

Covid-19 impact on GDP to be felt for years in advanced economies: Fitch

Huge uncertainties surround the economic outlook in aftermath of the massive shock in H1 2020

ECB prepares more aid for euro zone economy to help Covid-induced recession

The ECB makes it clear it will do its part and the severity of the recession argues for earlier action

Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

World coronavirus dispatch: Barack Obama goes after Trump admin's response

From Obama going after Trump admin's handling, to Brazil continuing to be in trouble, to how college may look like in fall and beyond

Covid-19: European tourism requires 375 bn euros to recover, says report

Most affected, according to the ETC director, will be "the countries where the GDP is more dependent on tourism, as is the case of Greece, Portugal, Spain and Italy."

Coronavirus infections near 500,000; Europe's healthcare systems buckle

Spain has converted hotels into makeshift hospitals and turned an ice rink in Madrid into a temporary morgue

Just like Japan, Europe may struggle to escape from anaemic growth: ING

The parallels mean Europe could be facing a ballooning of its central bank balance sheet in the years to come, and a major fiscal package could be needed

Draghi and his ECB colleagues say they'll go slow paring back stimulus

ECB's Peter Praet and Benoit Coeure also warned that the threat of a global trade war is increasing the risk to growth

ECB monetary policy could temporarily ease inequality in Europe

Monetary policy measures can improve welfare, contribute to reducing income disparities