Eurozone Private Sector Growth Accelerates More Than Estimated

The euro area private sector growth improved more than initially estimated in May driven by the resurgence in the services economy amid easing of the COVID-19 related restrictions, final data from IHS Markit showed on Thursday. The final composite output index rose to 57.1 in May from 53.8 in April. The flash reading was 56.9. […]

Eurozone Private Sector Growth Accelerates In April

The euro area private sector economy expanded further in April driven by gains in both manufacturing and service sectors, final data from IHS Markit showed on Wednesday. The composite output index rose to 53.8 in April from 53.2 in the previous month. The flash reading was 53.7. A score above 50 signals expansion in the […]

Eurozone Private Sector Returns To Contraction In November

The euro area private sector economy returned to the contraction zone in November due to a sharp fall in services activity amid the new restrictions to combat the second wave of coronavirus infections, final data from IHS Markit showed on Thursday. The final composite output index fell to 45.3 in November from 50.0 in October. […]

TSB owners weigh up latest sale of loss-making bank

The Spanish owners of TSB are considering putting the UK bank up for sale, in what could lead to the third major ownership shake-up for the loss-making lender in seven years. Sabadell has asked Goldman Sachs to launch a review of TSB that could result in a sale of the entire bank, which it bought […]

Venezuela’s Opposition Leader Leopoldo Lopez Flees to Spain

Venezuelan opposition leader Leopoldo Lopez arrived in Madrid on Sunday after fleeing the Spanish ambassador’s residence in Caracas the previous day, Spain’s Foreign Ministry said in a statement. Lopez, a political prisoner since 2014, had been taking refuge in the Spanish embassy since April 2019 following a botched uprising against President Nicolas Maduro that he […]

Europe Struggles to Curb Virus With Records in Spain, France

France and Spain posted record increases in coronavirus cases, underscoring growing alarm in the region as it loses control of the pandemic. New infections in France increased by 18,746, health authorities reported on Wednesday. The seven-day rolling average of new infections, which smooths out daily variations, rose to 12,853, its highest level yet. That was […]

Central Banks Shift, Spain’s Furlough, Swiss Vacancies: Eco Day

Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: Central banks are shifting from saving their economies from recession to ensuring they recover The European Union state with the bloc’s worst infrastructure is building train lines and roads at the fastest pace since communism collapsed […]

Winds of Change Blow on Day of Upsets at French Open

Paris (AP) — On a Sunday of upsets among the women at the French Open, revenge was a dish served up in an autumnal chill by a Polish teenager. But it was business as usual for the men, with Rafael Nadal reaching his 14th quarterfinal on the red clay of Paris that, by now, must […]

Record Virus Cases in Europe Spark Political Clash in Spain

Mounting pressure on European leaders to contain the resurgent coronavirus pandemic boiled over in Spain as the region reemerges as a global hotspot. With Spain again the worst-hit country in Europe, tensions erupted into a public spat with Prime Minister Pedro Sanchez’s government urging local Madrid officials to lock down the entire city. The proposal […]