EU eyes pandemic exit with 70 per cent of population administered first dose August 3, 2021 Despite protests against coronavirus restrictions rocking the streets of Paris and Berlin last weekend, the EU’s quiet move towards an exit from the pandemic continues apace. The European Union surpassed its target of injecting at least one jab into the arms of 70 per cent of its population by the end of July. And according [...]
Eurozone inflation falls in June June 30, 2021 Eurozone inflation fell in June driven by a reduction in oil price rises, show new figures published today. Inflation in the 19 countries sharing the euro inched down to 1.9 per cent in June from two per cent in May, according to Eurostat, the statistical office of the European Union. However, analysts have warned that [...]
Euro zone economic optimism surges to 21-year high June 29, 2021 Euro zone economic sentiment surged to a 21-year high in June as the region’s economies started to reopen. Watch the full report.
City A.M. TV: Market Snapshot May 17, 2021 In today’s video we examine the question of whether or not Bitcoin provides any insight into the global equity market direction.
Eurozone GDP contracts as it slips into double-dip recession territory April 30, 2021 The Eurozone economy shrank by 0.6 per cent in the first three months of the year as it slid back into recession following persistent Covid lockdowns. The European Union’s statistics office Eurostat said GDP in the 19 countries sharing the euro contracted by 1.8 per cent year-on-year. This put the single currency area in a [...]
France announces new regional lockdowns February 26, 2021 The French government has placed Dunkirk and Nice under weekend lockdowns, and Paris may soon follow suit. French health minister Olivier Véran announced on Wednesday a new lockdown in the city of Dunkirk and the Hauts de Flandres region for the next to weekends. The decision was made alongside local officials due to the “worrying [...]
European bank giants plot payment network to rival Visa and Mastercard February 24, 2021 Members of the European Payments Initiative (EPI), a project launched with the help of 22 banks, said today that a pan-European payment network can be in place by 2025, making the continent “master of its own destiny.” The 22 banks, which include names such as Deutsche Bank, UniCredit and ING, are shareholders in the EPI [...]
Eurozone GDP fell as lockdown restrictions tightened ahead of Christmas February 16, 2021 Eurozone GDP fell as lockdown restrictions tightened ahead of CHristmas
EU faces surge in bankruptcies as states start to withdraw pandemic support February 11, 2021 A leaked document from the European Union has revealed that a spike in bankruptcies and bad loans awaits the European Commission during the bloc’s post-pandemic economic recovery, as states begin to withdraw public support schemes. The note, seen by Reuters, said that it has taken nearly €2.3 trillion in national liquidity support to prevent a [...]
Slow vaccine rollouts cause eurozone investor morale to slip February 8, 2021 Investor morale in the eurozone unexpectedly dropped in February as lockdowns left their mark on the economy, a survey showed on Monday. Attempts to suppress Covid-19 left the eurozone trailing behind other regions in the world, as countries such as the USA showed a strong recovery. Sentix, who surveyed more than 1,250 investors, said that [...]