The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s.
With more countries easing coronavirus lockdowns in an effort to restart their economies as summer gets underway, CNBC takes a look at where you might be able to go on vacation in the coming months.
The European Union's agency for disease control has said that the U.K. is among five countries in the region that are still not seeing a decline in new coronavirus cases.
A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second surge in coronavirus infections.
Italy, Belgium and Portugal are reopening some business activities on Monday as they take their first tentative steps to lifting their coronavirus lockdowns.
Italian borrowing costs rose Friday morning as concerns grow over the country's ability to deal with the economic shock from the pandemic.
In his Easter letter over the weekend, Pope Francis said: "This may be the time to consider a universal basic wage."
Christoph Boschan, CEO of the Vienna Stock Exchange, outlines how the exchange is operating amid the coronavirus crisis.
Austria, the Czech Republic, Denmark and Norway have now all announced plans to slowly relax national lockdowns later this month.
Austria's government plans to start reopening shops from next week in an initial loosening of its coronavirus lockdown.
LONDON, March 16- Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Brent crude was down $4.03, or almost 12%, to $29.82 a barrel by 1339 GMT. To combat the economic fallout of the pandemic, the Fed on Sunday slashed its key rate to near zero, triggering an unscheduled rate cut by the Reserve Bank of New Zealand to a record low as markets in Asia...
Though Berlin is not the first European capital to impose border restrictions, the move marked a U-turn in Chancellor Angela Merkel's policy.
VIENNA, March 16- The European Central Bank will intervene in government bond markets if needed, ECB policymaker Robert Holzmann said on Monday, as Governing Council members seek to reassure markets it will act to help countries tackle the impact of coronavirus. The ECB has been engaged in a concerted rearguard action since President Christine Lagarde upset...
FINANCING WILL COME VIA AUSTRIA'S CENTRAL FINANCE AND INFORMATION SERVICES PROVIDER FOR EXPORTS AND THE CAPITAL MARKET- FIN MIN.
AUSTRIA WILL PROVIDE FURTHER 2 BLN EUR IN GUARANTEES TO HELP COMPANIES- FIN MIN.
ECB'S HOLZMANN- AUSTRIA'S CENTRAL BANK READY TO AND WILL SECURE CASH SUPPLY.
*Bans flights to France, Spain and Switzerland. VIENNA, March 13- Austria will introduce border checks with Switzerland and Liechtenstein and ban flight connections with France, Spain and Switzerland to slow the spread of coronavirus, the government said on Friday. "We are now increasingly beginning to control the borders to Switzerland and Liechtenstein in...
VIENNA, March 13- Austria will introduce border checks with Switzerland and Liechtenstein and ban flight connections with France, Spain and Switzerland from Monday to slow the spread of coronavirus, the government said on Friday. The coronavirus reached Austria from neighbouring Italy, which has suffered Europe's deadliest outbreak, but it has yet to take...
MOSCOW, March 12- Russian oil producers did not discuss returning to a deal with OPEC to cut output at a meeting with the energy ministry on Thursday, one of the country's top oil firms said, adding it was preparing to raise production from April. Oil prices plummeted after talks in Vienna last week on production cuts between OPEC, Russia and other oil producers...
ROME, March 12- Italy demanded Austria lift "unjustified" border controls by Thursday evening after spot health checks on truck drivers caused huge tailbacks at the frontier, adding to the mounting economic toll from the coronavirus outbreak. There were tailbacks of up to 80 km at the Brenner Pass through the Alps on the border between Italy and Austria as...