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European shares boosted by tech- all eyes on upcoming data

(Reuters) – Technology stocks drove European shares higher on Tuesday, but sentiment was shaky ahead of key economic readings that are likely to indicate an uneven recovery from the coronavirus. Apple (AAPL.O) suppliers in the region rose after the iPhone make... More »

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Big Oil’s patchy deals record casts shadow over green makeover

LONDON (Reuters) – As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy comp... More »

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Spain reports more than 23,000 new COVID-19 cases since Friday

MADRID (Reuters) – Spain has registered more than 23,000 new COVID-19 cases since Friday, health emergency chief Fernando Simon told a news conference on Monday, suggesting the infection rate had declined slightly from an Aug. 21 peak. Health ministry data sho... More »

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European stocks flat as tech losses offset China data optimism

(Reuters) – European shares were largely flat on Monday as renewed U.S.-China tensions hit technology stocks, but a slowing decline in China’s producer prices and rising oil prices limited losses. The pan-European STOXX 600 index edged up 0.1% at the start of ... More »

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Coronavirus accelerates European utilities’ digital drive

MILAN/FRANKFURT (Reuters) – When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to k... More »

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BP’s green energy targets will be tough to meet

LONDON (Reuters) – BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators. The B... More »

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Murray wants assurance on quarantine issues before U.S. Open

(Reuters) – Players need assurance that they would not face mandatory quarantine upon returning to Europe from the U.S. Open before travelling to New York amid the COVID-19 pandemic, former world number one Andy Murray has said. Organisers United States Tennis... More »

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Gold roars to record high, dollar dives again

LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »

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EU leaders show first signs of compromise on stimulus plan

BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a fourth day. Divided and slow to respond ... More »

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European stocks slip as cyclicals retreat, EU talks in focus

(Reuters) – European shares fell on Monday, dragged down by cyclical sectors amid a surge in coronavirus cases globally, while investors remained cautiously optimistic about the ongoing talks over an EU-wide recovery fund. An index of eurozone shares .STOXXE s... More »

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Penalty takes shine off one of Rahm’s best ever shots

(Reuters) – Jon Rahm’s two-shot penalty at the 16th hole of the Memorial Tournament on Sunday had no impact on the final placings but the Spaniard says it took the shine off one of the greatest shots of his career. Rahm’s final round three-over-par 75 was enou... More »

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UK to ban Huawei from 5G network

LONDON (Reuters) – Prime Minister Boris Johnson’s government will ban Huawei from Britain’s 5G network by ordering telecoms companies to remove its equipment by 2027, Media Secretary Oliver Dowden said on Tuesday. Operators will not be able to purchase 5G comp... More »

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Bond investors wait for more headlines on EU recovery fund

AMSTERDAM (Reuters) – Euro zone bond yields held their ground on Thursday with investors’ main focus expected to be any new developments on the European Union’s recovery fund, which aims to help the region’s economy recover from the coronavirus crisis. Hopes a... More »

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European stocks slip as hopes of post-pandemic rebound fade

(Reuters) – European shares fell on Tuesday as surging U.S. coronavirus cases and forecasts for a deeper-than-feared recession in the euro zone dimmed optimism around a post-pandemic rebound. The pan-European STOXX 600 index slipped 0.6%, falling back from a n... More »

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EU sees deeper recession, less steep rebound for euro zone

BRUSSELS (Reuters) – The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling the most due to the COVID-19 pan... More »

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EU banks to take on Visa, Mastercard with new payments system

LONDON/PARIS (Reuters) – Sixteen banks from Germany, France and three other euro zone countries on Thursday said a “truly European” payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are sti... More »

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European shares pick up, dollar gains before quarter-end

LONDON (Reuters) – European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020. The MSCI world equity index, whic... More »

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Coming soon to a 3D printer near you: Plant-based steaks

TEL AVIV/ZURICH (Reuters) – Israeli start-up Redefine Meat plans to launch 3D printers to produce plant-based steaks mimicking real beef next year in a bid for a slice of the fast-growing alternative meat market. Meat substitutes are increasingly popular with ... More »

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Spain, Ireland, Luxembourg vie for Eurogroup leadership

BRUSSELS/MADRID (Reuters) – Finance ministers of Spain, Ireland and Luxembourg are in the running to chair meetings of the powerful Eurogroup of euro zone finance ministers, with euro zone officials saying it is likely to be a close race between the Spanish an... More »

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British Airways turns to Damien Hirst in its hour of need

LONDON (Reuters) – British Airways will sell at least 10 works of art that normally hang in its executive lounges, a source said, turning to pieces by famous artists like Damien Hirst to raise millions of pounds to help it through the coronavirus pandemic. The... More »

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European stocks fall as cyclicals, BAT weigh

(Reuters) – European shares fell on Tuesday as declines in cyclical stocks and UK’s British American Tobacco threw a spanner into a rally driven by optimism over a global recovery from the coronavirus crisis. The pan-European STOXX 600 index fell 1.3%, with eu... More »

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ECB expands pandemic support to over $1.5 trillion

LONDON (Reuters) – The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns due to the coronavirus pandemic. HIGHLIGHTS: ** ECB increases size o... More »

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Spain’s Bautista Agut still eyeing elusive ATP Finals spot

MUMBAI (Reuters) – Qualifying for the season-ending men’s ATP Finals, which features the world’s top eight singles players and doubles teams, is one of the goals for Roberto Bautista Agut before he retires, the Spaniard has said. The 32-year-old came close to ... More »

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Defensives, upbeat earnings lift European shares

(Reuters) – European shares edged higher on Tuesday following a clutch of upbeat quarterly earnings reports, but investors remained cautious of a resurgence in new coronavirus cases as hard-hit economies lift lockdowns. The pan-European STOXX 600 index rose 0.... More »

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Masked and standing apart, the world creeps out of lockdown

ROME/WASHINGTON (Reuters) – Italy and the United States were among a slew of countries easing lockdown restrictions on Monday to resurrect economies, but officials cautioned against moving too swiftly as global deaths from the coronavirus neared a quarter of a... More »

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A battle far from over: Five questions for the ECB

LONDON (Reuters) – The European Central Bank meets on Thursday, the ink barely dry on its emergency bond-buying scheme, and markets are already asking what more it will do to help the euro zone economy through the coronavirus crisis. Its emergency stimulus, wh... More »

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Nadal pessimistic over chances of return to normal for tennis

(Reuters) – Rafa Nadal has said he is very pessimistic about the possibility of tennis returning to normal any time soon because of the new coronavirus pandemic that shut down the sport last month. Professional tennis has been suspended until the end of July, ... More »

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Thiem not keen on plan to assist struggling players

(Reuters) – World number three Dominic Thiem has rejected the notion that the top tennis players should chip in to help lower-ranked competitors who are struggling financially due to the pause in tournaments because of the novel coronavirus pandemic. World num... More »

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European shares tumble on oil crash, dour earnings

(Reuters) – European stocks fell on Tuesday as the double whammy from a crash in U.S. crude to minus $40 per barrel and dismal first-quarter earnings reports spooked investors about the lasting damage to the global economy from the coronavirus pandemic. BP Plc... More »

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Rift opens over European coronavirus contact tracing apps

BERLIN (Reuters) – A rift has opened up over the design of smartphone apps to trace people in Europe at risk of coronavirus infection, potentially hindering efforts to curb the pandemic and ease crippling travel restrictions. Scientists and researchers from mo... More »

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European shares jump as coronavirus deaths slow

(Reuters) – European shares rebounded on Monday as a slowdown in coronavirus deaths raised hopes that nationwide lockdowns were starting to show results, while Rolls Royce soared after becoming the latest multinational firm to raise cash to weather an economic... More »

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Take Five: Life in the time of corona

LONDON (Reuters) – 1/LOOKING TO CHINA The world’s biggest economy won’t be open for business by Easter, as U.S. President Donald Trump had hoped, but the second biggest economy may come close. How China fares offers a guide to other countries when their corona... More »

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With over a million coronavirus cases, economic freefall looms

BEIJING/NEW YORK (Reuters) – Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the world economy nosedived. In th... More »

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Europe’s north-south lockdown divide revealed by Google data

BERLIN (Reuters) – Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show. An... More »

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Global coronavirus cases surpass one million

(Reuters) – Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data. Italy had the ... More »

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Short-selling bans achieve nothing useful: exchanges body

LONDON (Reuters) – Banning short-selling of shares gives the impression of responding decisively to events without achieving any useful result, the World Federation of Exchanges (WFE) said on Monday. In an unusually blunt statement, the global umbrella group f... More »

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Even in MotoGP’s virtual world, a Marquez still rules

LONDON (Reuters) – Alex Marquez celebrated a first MotoGP win — even if only virtually — in a ‘#StayAtHomeGP’ esports race featuring 10 top riders including older brother and six-time world champion Marc. Due to the coronavirus pandemic that has brought live s... More »

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Who let the dogs out? A few Spaniards defy coronavirus lockdown

MADRID (Reuters) – Under partial lockdown due to the spiraling coronavirus pandemic, Spaniards are allowed to leave home only for essential outings, walking a dog being one of them. But not a rented dog, the Civil Guard police force warned on Wednesday as it s... More »

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Bank of England cancels stress test of banks over coronavirus

LONDON (Reuters) – The Bank of England canceled this year’s stress test of major banks on Friday and said it may be hard to implement new global capital rules on time given the focus now on supporting lending to customers hit by the coronavirus epidemic. The d... More »

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Spain’s coronavirus death toll surpasses 1,000

MADRID (Reuters) – Spain’s death toll from the coronavirus epidemic soared to 1,002 on Friday from 767 on the previous day, the country’s health emergencies chief Fernando Simon said. The number of registered cases in the country rose to 19,980 on Friday from ... More »

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European shares slump to 2012 lows

(Reuters) – European shares tumbled more than 8% on Monday as the coronavirus pandemic raged through much of Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage. The pan-European STOXX 6... More »

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Coronavirus crackdown leaves Honduras in near lockdown

TEGUCIGALPA (Reuters) – The Honduras was in a state of near lockdown on Monday after the government decided to send public and private sector workers home, temporarily call off flights, and suspend public transport to halt the spread of the coronavirus. The vi... More »

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Valencia’s Mangala tests positive for coronavirus

(Reuters) – France international Eliaquim Mangala said that he is one of the five players and staff of La Liga side Valencia who have tested positive for the coronavirus. The 29-year-old’s team mate Ezequiel Garay on Sunday became the first La Liga player to c... More »

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Sovereign wealth fund appetite for investing in start-ups wanes

LONDON (Reuters) – Sovereign wealth fund investment in venture capital deals slipped to its lowest level in six years in 2019, with the drop-off deepening in the months after WeWork’s planned share sale failed, data showed on Friday. Sovereign wealth-backed ve... More »

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European shares stabilize after worst week since 2008

(Reuters) – European shares steadied on Monday after their worst weekly showing since the 2008 financial crisis, on rising hopes that major central banks will step in to counter the impact of the coronavirus epidemic on global growth. The pan-European STOXX 60... More »

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European shares hit record high- carmakers cheer China stimulus

(Reuters) – European shares hit a record high on Monday, with automobile stocks leading gains amid fresh attempts by China to limit the economic impact of the coronavirus outbreak. Automobile stocks .SXAP, which are highly sensitive to Chinese demand and indus... More »

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European shares edge lower amid coronavirus uncertainty

(Reuters) – European shares inched lower on Monday as concerns over the economic impact of the coronavirus outbreak weighed on sentiment, while markets also came off a rally from last week. The pan-European STOXX 600 index fell 0.3% by 0803 GMT, with the trave... More »

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Highlights: Day eight at the Australian Open

MELBOURNE (Reuters) – Highlights of the eighth day at the Australian Open, the first Grand Slam tournament of the year, on Monday (times AEDT- GMT+11): 1633 MUGURUZA MARCHES INTO LAST EIGHT Unseeded Spaniard Garbine Muguruza continued her charge toward a third... More »

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Djokovic leads tennis community in mourning ‘mentor’ Bryant

MELBOURNE (Reuters) – Australian Open champion Novak Djokovic led the tennis world in mourning for “mentor” Kobe Bryant on Monday after Melbourne Park awoke to the news that the NBA great had died in a helicopter crash along with his daughter and seven others.... More »

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Muguruza powers past Bertens into last eight

MELBOURNE (Reuters) – Garbine Muguruza powered into the Australian Open quarter-finals with a 6-3 6-3 demolition of ninth-seed Kiki Bertens in just 68 minutes on Monday. Muguruza, a former French Open and Wimbledon champion, was unseeded at Melbourne Park and ... More »

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Pain and Glory wins big at Spain’s Goya awards

MALAGA, Spain (Reuters) – Pedro Almodovar’s Oscar-nominated “Pain and Glory” was the big winner at the 34th Goya Awards, Spain’s top film honors, held in Malaga on Saturday night, going home with seven awards including best actor for Antonio Banderas, best dir... More »

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Ultra trail runner Jornet beats base jumper in odd contest

(Reuters) – Ultra trail runner Kilian Jornet beat base jumper Tom Erik Heimen in an unusual contest — one ran up and down a mountain while the other climbed up and flew down in a race last year, footage of which was released on Tuesday. The video shows the two... More »