Europe is seeing a second wave of coronavirus infections. The U.K., France and Spain have seen a sharp rise in cases since late August and early September. Italy and Germany are now seeing numbers starting to pick up dramatically, and have around 449,000 and 398,000 confirmed infections, respectively.
The Italian village of Santo Stefano di Sessanio is hoping to attract new younger residents by offering them grants totaling as much as 44,000 euros ($52,022).
The sector could be set for a significant expansion over the next few years.
European stocks more broadly might not have enjoyed quite as buoyant a comeback as U.S. markets, but investors say there are unique characteristics which make a compelling investment case for the region in the recovery from the coronavirus crisis.
Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed "responsible banking" principles to fight climate change.
ISTANBUL, June 23- Turkey's main opposition claimed a decisive victory on Sunday in Istanbul's re-run election, dealing one of the biggest blows to President Tayyip Erdogan during his 16 years in power and promising a new beginning in the country's largest city. Ekrem Imamoglu, mayoral candidate of the secularist Republican People's Party, was leading with...
*Berlin hosts auto summit on Monday. FRANKFURT, June 23- Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros. The revision is related to an expected increase in expenses linked to "various ongoing governmental proceedings and measures" with regard to Mercedes-Benz...
*Berlin hosts auto summit on Monday. FRANKFURT, June 23- Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles to hundreds of millions of euros. The revision is related to an expected increase in expenses linked to "various ongoing governmental proceedings and measures" with regard to Mercedes-Benz...
LONDON, June 23- Politicians need to quickly coordinate regulatory responses to new risks from technology companies like Facebook moving into finance, though banks won't be squeezed out anytime soon, the Bank for International Settlements said on Sunday. It touches on competition, data privacy, markets and banking, all areas that have their own regulators...
*Offer values the retailer at $6.6 billion. FRANKFURT, June 23- Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. EP Global Commerce, which already held a stake of nearly 11% in Metro, said...
WASHINGTON, June 22- The Trump administration's $50 billion Middle East economic plan calls for creation of a global investment fund to lift the Palestinian and neighboring Arab state economies, and construction of a $5 billion transportation corridor to connect the West Bank and Gaza, according to U.S. officials and documents reviewed by Reuters.
PARIS, June 21- Pakistan has until October to improve its counter-terror financing operations in line with an internationally agreed action plan, a global watchdog said on Friday. The Financial Action Task Force, originally set up 30 years ago to tackle money laundering, said it was concerned that Pakistan had failed to complete the action plan first by a...
*USDA to release acreage, grain stocks data June 28. CHICAGO, June 21- U.S. corn and soybean futures slumped on Friday on expectations that crops may benefit next week from a break in the rains that stalled plantings across the American Midwest this spring. The most actively traded corn futures on the Chicago Board of Trade dropped 1.4% to $4.42-1/ 4 a bushel, after...
FRANKFURT/ LONDON, June 21- Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector. The move by FATF, which groups countries from the United States to China and bodies such as the...
Traders said many investors had been tempted to cash in some of this month's around 4% gain, encouraged by escalating tensions between Washington and Iran, and the pan-regional STOXX 600 index ended 0.4% lower. "Germany's manufacturing sector remains deep in contraction and the global economic outlook isn't great, so perhaps it's still a little early for...
FRANKFURT/ LONDON, June 21- Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector. The Paris- based Financial Action Task Force, a coalition of countries from the United States to...
*FAA bans U.S. carriers from some Iran airspace. *Ban follows Iran downing of U.S. drone this week. June 21- Some global airlines are re-routing flights to avoid Iran- controlled airspace over the Strait of Hormuz and Gulf of Oman, they said on Friday, after the U.S. aviation regulator barred its carriers from the area until further notice.
LONDON, June 21- Sterling on Friday slipped to a whisker off recent five-month lows against the euro after Brexiteer Boris Johnson moved closer to becoming British prime minister, worrying investors that his government would make a no-deal Brexit more likely. After a busy week for monetary policy, sterling traders will turn their attention back to British...
BRUSSELS, June 21- Swiss exchanges will lose direct access to European Union investors from July 1 in a potential blow to Switzerland's financial industry after the bloc lost patience in talks on a stalled partnership treaty. Bern's request this month for "clarifications" on three areas- protecting wages, regulating state aid and defining the rights of EU...
BRUSSELS, June 21- The European Commission will not propose extending the equivalence regime that allows Swiss stock exchanges direct access to EU investors, effectively ending it as of July 1, an EU diplomat told Reuters on Friday. Friday is the deadline for the Commission to make such a proposal, but it will refrain from doing so because Bern did not endorse a...
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