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Croatia Switches To Euro, Enters Europe's Passport-Free Zone
Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the European Union nearly a decade ago.
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European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules
The European Central Bank (ECB) on Wednesday announced that it was taking steps to harmonise the assessment of licensing requests. The ECB, which directly regulates top euro zone lenders such as Deutsche Bank, UniCredit and BNP Paribas, said it would examine if crypto activities were in line with a bank's risk "profile", which determines how much c...
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Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
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European Central Bank to Launch Digital Euro Project: All We Know So Far
The European Central Bank (ECB) is set to give the green light to a multi-year project to create a digital version of the Euro. An electronic equivalent of banknotes and coins, the digital Euro will likely be a digital wallet that euro zone citizens can keep at the ECB.
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Men Suffer Bigger Job Losses Across Euro Zone During Pandemic: Study
Men suffered bigger jobs losses across the euro zone during the COVID-19 pandemic, a European Central Bank study found on Wednesday.
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Mayor Blames Delta Variant As Daily Covid Cases Hit Record High In Moscow
New coronavirus infections hit a pandemic high in Moscow on Friday, tripling in just weeks due to the Delta variant and forcing Russia's capital to close its Euro fan zone and extend other curbs.
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Delta Variant Represents Almost 90% Of New Moscow Covid Cases: Mayor
New coronavirus infections hit a pandemic high in Moscow on Friday, tripling in just weeks due to the Delta variant and forcing Russia's capital to close its Euro fan zone and extend other curbs.
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Moscow Extends COVID-19 Restrictions, Shuts Euro 2020 Fan Zones
The Russian capital Moscow will extend COVID-19 restrictions imposed this week until June 29, mayor Sergei Sobyanin said on Friday, after a surge in daily cases.
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Euro 2020: Moscow Closes Fan Zone Over Covid Spike
Moscow has closed its Euro 2020 fan zone and banned gatherings of more than 1,000 because of a spike in Covid-19 cases, the mayor of the Russian capital said on Friday.
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German Manufacturing Downturn Drags Into Final Quarter
Industrial orders from domestic clients fell 3.2% while demand from customers outside the euro zone dropped 4.1%, the data showed.
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Facebook Crypto Plans Turn Up Heat on EU Banks Over Real-Time Payments
Real-time payments have been possible in the 19-country currency bloc since 2017, but only about half of the euro zone's banks have joined.
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G7 Irrelevant If It Excludes India, China, Says Man Who Coined BRIC
Unlike Trump, who advocated for bringing Russia back into the group, O'Neill said the G-7 would be much more relevant if China, India and a single delegation from the euro zone replaced Canada, France, Germany and Italy.
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Academic Survives Credentials Storm To Get Nod As Italian PM
Giuseppe Conte, the law professor named as Italian prime minister on Wednesday after surviving accusations he inflated his academic credentials, must now prove he can lead the euro zone's third largest economy with no political experience.
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Northern EU States Urge Caution In Euro Reforms
Eight northern European countries said on Tuesday that euro zone reforms should focus on completing the banking union, improving compliance with budget rules and setting up a European Monetary Fund, with more ambitious plans left for later.
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On European Monetary Fund Plan, IMF Chief Lagarde Says 'Why Not?'
IMF chief Christine Lagarde has no objection to plans to turn the euro zone's bailout fund into a European Monetary Fund, she said in comments published on Saturday.
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Croatia Switches To Euro, Enters Europe's Passport-Free Zone
Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the European Union nearly a decade ago.
-
European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules
The European Central Bank (ECB) on Wednesday announced that it was taking steps to harmonise the assessment of licensing requests. The ECB, which directly regulates top euro zone lenders such as Deutsche Bank, UniCredit and BNP Paribas, said it would examine if crypto activities were in line with a bank's risk "profile", which determines how much c...
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
-
European Central Bank to Launch Digital Euro Project: All We Know So Far
The European Central Bank (ECB) is set to give the green light to a multi-year project to create a digital version of the Euro. An electronic equivalent of banknotes and coins, the digital Euro will likely be a digital wallet that euro zone citizens can keep at the ECB.
-
Men Suffer Bigger Job Losses Across Euro Zone During Pandemic: Study
Men suffered bigger jobs losses across the euro zone during the COVID-19 pandemic, a European Central Bank study found on Wednesday.
-
Mayor Blames Delta Variant As Daily Covid Cases Hit Record High In Moscow
New coronavirus infections hit a pandemic high in Moscow on Friday, tripling in just weeks due to the Delta variant and forcing Russia's capital to close its Euro fan zone and extend other curbs.
-
Delta Variant Represents Almost 90% Of New Moscow Covid Cases: Mayor
New coronavirus infections hit a pandemic high in Moscow on Friday, tripling in just weeks due to the Delta variant and forcing Russia's capital to close its Euro fan zone and extend other curbs.
-
Moscow Extends COVID-19 Restrictions, Shuts Euro 2020 Fan Zones
The Russian capital Moscow will extend COVID-19 restrictions imposed this week until June 29, mayor Sergei Sobyanin said on Friday, after a surge in daily cases.
-
Euro 2020: Moscow Closes Fan Zone Over Covid Spike
Moscow has closed its Euro 2020 fan zone and banned gatherings of more than 1,000 because of a spike in Covid-19 cases, the mayor of the Russian capital said on Friday.
-
German Manufacturing Downturn Drags Into Final Quarter
Industrial orders from domestic clients fell 3.2% while demand from customers outside the euro zone dropped 4.1%, the data showed.
-
Facebook Crypto Plans Turn Up Heat on EU Banks Over Real-Time Payments
Real-time payments have been possible in the 19-country currency bloc since 2017, but only about half of the euro zone's banks have joined.
-
G7 Irrelevant If It Excludes India, China, Says Man Who Coined BRIC
Unlike Trump, who advocated for bringing Russia back into the group, O'Neill said the G-7 would be much more relevant if China, India and a single delegation from the euro zone replaced Canada, France, Germany and Italy.
-
Academic Survives Credentials Storm To Get Nod As Italian PM
Giuseppe Conte, the law professor named as Italian prime minister on Wednesday after surviving accusations he inflated his academic credentials, must now prove he can lead the euro zone's third largest economy with no political experience.
-
Northern EU States Urge Caution In Euro Reforms
Eight northern European countries said on Tuesday that euro zone reforms should focus on completing the banking union, improving compliance with budget rules and setting up a European Monetary Fund, with more ambitious plans left for later.
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On European Monetary Fund Plan, IMF Chief Lagarde Says 'Why Not?'
IMF chief Christine Lagarde has no objection to plans to turn the euro zone's bailout fund into a European Monetary Fund, she said in comments published on Saturday.
