Economy & Business

In a statement released on Saturday, Ursula von der Leyen announced that the EU Commission will revise its proposal for the EU27 bloc’s long-term...

The economic downturn and job losses resulting resulting from the coronavirus pandemic is expected to be worse than the global financial crisis of 2008,...

Most European governments are turning to increasingly harsh lockdowns to confront the coronavirus pandemic. They did so in the wake of watching Italy’s attempt...

"A deep recession is inevitable," former European Central Bank (ECB) President Mario Draghi said, echoing expectations of a deep EU and Eurozone recession for...

Since January, COVID-19 has taken the planet by storm, causing an unprecedented panic that frequently borders on hysteria. Footage of Chinese people allegedly falling dead...

G7 finance ministers and central bank chiefs on Tuesday pledged to "do whatever is necessary" to safeguard jobs and the economy amid the coronavirus...

Ryanair has said it expects that most of its flights will be grounded from today amid the coronavirus crisis. "The experience in China suggests a...

Michel Barnier, EU's chief Brexit negotiator and his counterpart, British Prime Minister's Europe adviser David Frost, exchanged on Wednesday evening draft legal texts on...

While having not completely terminated international travel, the US took a major step in that direction on March 19 with the issuance of a...

A surprise €750 bn scheme for the purchase of "emergency" bonds was announced on Wednesday night by the European Central Bank (ECB), in an...

Google said on Saturday that it was working with the US government to develop a nationwide website that would help Americans with questions about...

Global stock and oil markets plunged Wednesday, as vast stimulus measures failed to remove concerns that the coronavirus pandemic will move the economy into...

Euro 2020 and Copa América, the two biggest continental championships in football, will be postponed until the summer of 2021 amid COVID-19 concerns. The Euro...

Amazon announced the opening of 100,000 new positions across the United States, in an attempt to meet the advanced surge in demand for online...

The EU economy is likely to shrink 1% this year as a result of the coronavirus, a European Commission document showed. However, officials say the...

A growing list of countries have offered financial aid to its aviation sector, to rescue carriers which have had to park planes and cut...

European Union and United Kingdom officials cancelled on Tuesday the second round of talks aimed at agreeing a trade deal, because of coronavirus concerns. Both...

France’s Competition Authority fined Apple a staggering €1.1 billion on Monday for striking deals to keep prices high, saying that its operations hurt consumers. The...

Officials from the G7 countries pledged to join forces to address the damage of the coronavirus pandemic, which they called "a human tragedy”. Earlier this...

Global stocks fell sharply yesterday after the banks’ attempts to support economic growth failed to dispel investors’ fears over the coronavirus impact on the...

The European Central Bank will intervene in government bond markets if needed, Austrian central bank chief Robert Holzmann said today. The announcement comes as the...

Microsoft on Friday announced that its co-founder Bill Gates has left its board of directors to devote more time to philanthropy. He served as...

In the last five years, the international transfer of major arms followed an increasing trend that was noted in a recently published report by...

European Union negotiators cancelled next week’s visit to London for a second round of post-Brexit trade talks with the UK due to coronavirus concerns. The...

European Central Bank chief Christine Lagarde surprised investors today by unveiling a stimulus package, signaling that she expects governments to take on much of...

Stock markets in Europe fell even further on Wednesday, after US president Donald Trump announced a ban on most travel from Europe in a...

The World Health Organization and the World Economic Forum will launch an emergency task force to respond to the coronavirus outbreak and its impact...

Argentina’s government announced Tuesday it plans to restructure some $69 billion of the country's public debt, aiming to tackle poverty after nearly two years...

The coronavirus disrupted economies and societies across the world Monday, resulting in global markets plunging and oil prices crashing, triggering concerns of a worldwide...

Europe’s largest regional airline Flybe has collapsed Thursday with all its flights grounded. Hours earlier, local media reported that the airline could collapse following...

Finance ministers and central bank chiefs from the G7 countries have agreed to adopt several stimulus packages that are aimed at addressing the recent...

Finance ministers and central bank chiefs from the Group of Seven (G7) countries agreed to hold talks today about the coronavirus outbreak that has...

The impact of COVID-19 to the tourism section has cost up to €1.5 billion losses in Rome and the broader region of Lazio, according...

Italy’s deputy finance minister, Antonio Misiani, announced that the government will ask the EU to approve €3.6 billion in extra borrowing to tackle the...

The epidemic of the COVID-19 is a fact, as are seasonal influenzas of various types that affect large amounts of people during winter, every...

EasyJet, International Airlines Group (IAG), Wizz Air and Jet2 announced on Friday, February 28, measures to curb the negative impacts of the COVID-19 outbreak...

German law enforcement officials raided ABN Amro NV’s offices in Frankfurt for a second time in three months to probe the bank’s involvement in...

Despite the multiple crises Greece is currently facing – a continuing refugee deluge and massive public reaction on some islands, the spreading coronavirus threat,...

The European Union's Trade Chief Phil Hogan has said he is optimistic about coming to an agreement with the US on a “mini deal”...

Italy's deputy economy minister Laura Castelli said Tuesday that the EU should leave Italy more room on its budget targets as the country’s struggle...

In just a few days, coronavirus cases have risen rapidly across the world, despite the World Health Organization saying the spread has slowed in...

The Auschwitz Memorial said on Friday that Amazon was making a profit on "selling vicious antisemitic Nazi propaganda" by selling the books of Julius...

French president Emmanuel Macron has said he is not sure a UK-EU trade deal will be signed by the end of the post-Brexit transition...

European Central Bank policymakers expressed confidence in the Eurozone’s growth prospects last month and in easing of the trade tensions between the US and...

Boeing announced it has ordered inspections of its grounded 737 Max series jets, after it found foreign objects in the fuel tanks of some...

European planemaker Airbus announced that it plans to cut 2,362 jobs across several countries by the end of next year. Its Germany-based subsidiary, Defence and...

Facebook and US tax authorities are beginning a multi-billion dollar dispute over profits shifted to an Irish subsidiary by the social media giant. The US...

French prosecutors have stepped up their investigation into alleged misuse of funds at Renault by former boss Carlos Ghosn. A judge had  been assigned...

US Secretary of State Mike Pompeo capped his three-country visit to Africa where he pitched strengthening economic relations with the United States as the...

Spain’s government approved the introduction of new taxes on digital business and stock market transactions. The move has angered United States’ authorities and brought...