Alexa

Top central bankers: Economy needs help despite vaccine news

FRANKFURT, Germany (AP) — Three of the globe's top central banks said the world economy continues to need help despite news of progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerom...

Hard hit by virus, airlines push for tests over quarantines

FRANKFURT, Germany (AP) — What will it take to get people flying again? International air traffic is down 92% this year as travelers worry about catching COVID-19 and government travel bans and quaran...

Unemployment marches higher in Europe amid pandemic

FRANKFURT, Germany (AP) — Unemployment rose for a fifth straight month in Europe in August amid concern that extensive government support programs won't be able keep many businesses hit by coronavirus...

Eurozone unemployment spike held down by support schemes

FRANKFURT, Germany (AP) — The unemployment rate across the 19 countries that use the euro currency rose modestly to 7.9% in July, official figures showed Tuesday. The number of people losing their job...

Virus pandemic reshaping air travel as carriers struggle

In a bid to survive, airlines are desperately trying to convince a wary public that measures like mandatory face masks and hospital-grade air filters make sitting in a plane safer than many other indo...

Air travel expected to not recover before 2024

FRANKFURT, Germany (AP) — Global air travel is recovering more slowly than expected and will take until until 2024 to return to pre-pandemic levels, the trade association for the airline industry said...

European Central Bank keeps monetary stimulus on track

FRANKFURT, Germany (AP) — The European Central Bank has left its monetary stimulus programs unchanged ahead of a key meeting of EU leaders on a recovery plan meant to help the economy bounce back from...

Wirecard scandal puts spotlight on German company regulation

FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile...

Europe's employment aid keeps jobs from vanishing -- for now

PARIS (AP) — Christian Etchebest's Parisian bistro is a shadow of its usual bustling self. Five lunch specials sit in neat paper bags on the bar awaiting takeout customers — a tiny fraction of his nor...

Virus outbreak threatens Germany's tradition-laden breweries

WERNECK, Germany (AP) — The Werneck Brewery has survived a lot: world wars, economic crises and decades of declining beer consumption. But after 400 years in existence it has finally met a challenge i...

European nations struggle to agree on terms of economic aid

BRUSSELS (AP) — European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over ...

OPEC pushes Russia for deep output cuts amid virus outbreak

VIENNA (AP) — The OPEC oil cartel is trying to convince Russia and other non-member producers to join in deep production cuts to prevent weak oil prices from falling even further as the virus outbreak...

Germany's immigrant community in Hanau reeling after attack

HANAU, Germany (AP) — In the German town of Hanau, a longtime immigrant destination with decades of coexistence between people of different origins, residents were left with the fear Thursday that the...

OPEC nations, Russia look to cut oil output to lift prices

The countries of the OPEC oil-producing cartel and ally Russia were attempting Friday to finalize a deal to cut production in an attempt to support the price of fuel and energy around the world. ...

ECB faces key stimulus decision as Draghi era nears end

FRANKFURT, Germany (AP) — Analysts say European Central Bank head Mario Draghi is preparing a new shot of stimulus to prop up economic growth and inflation, though doubts are growing about whether cen...