BERLIN (AFP) – Devastating floods in Germany and other parts of western Europe have been described as a “catastrophe”, a “war zone” and “unprecedented”. With…
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ECB to give banks 70b euros capital relief with extension
BRUSSELS (BLOOMBERG) – The European Central Bank said it will grant lenders about 70 billion euros (S$112 billion) of capital relief by extending a measure…
Resurgent virus seen as biggest threat to euro zone economy
BENGALURU • The resurgence in coronavirus cases is the biggest threat to the recovering euro zone economy, according to a Reuters poll of economists, who…
Sterling steady in calm before the storm; Brexit talks in focus
LONDON (Reuters) – The British pound calmed down on Thursday after whipsawing the day before as investors tried to understand whether a British bill to…
Europe tried to limit mass layoffs, but the cuts are coming anyway
PARIS (NYTIMES) – At BP, 10,000 jobs. At Lufthansa, 22,000. At Renault, 14,600. When European countries ordered businesses to shutter and employees to stay home…
Sterling comes close to 5-month high as Brexit talks restart
LONDON (Reuters) – The pound approached a five-month high versus the dollar on Tuesday, driven by weakness in the U.S. currency, but analysts remained cautious…
Sterling hits $1.26; recovers from 20-day low vs stronger euro
LONDON (Reuters) – The pound rose above $1.26 on Monday and recovered from an early-morning, 20-day low against the stronger euro, but investors remained bearish…
Sterling flattens on infrastructure spending promise, Brexit caps gains
LONDON(Reuters) – Sterling flattened on Monday from a one-month low touched on Friday against a weaker dollar as Prime Minister Boris Johnson signalled he would…