Lufthansa Bailout to Trigger Onslaught From Low-Cost Rivals

Deutsche Lufthansa AG may have won its battle for state aid, but its surrender of airport slots to appease regulators heralds heightened conflict between European aviation’s old guard and low-cost challengers. A rivalry that’s been simmering for years has been given fresh impetus by the coronavirus crisis, with former flag carriers falling back on government support as discounters including Ryanair […]

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The Race to the Freezer: Europe’s Food Glut Has Nowhere to Go

Belgian potato processor Agristo is running out of places to stash its french fries. With its own freezers full up and hardly any space available to rent, the company was forced to cut daily output by about 20%. Demand for cold-storage space has surged after bars, restaurants and sports venues closed, leaving their suppliers hunting for new customers or somewhere […]

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LIVE MARKETS-Opening snapshot: Stoxx 600 positive, Bayer and Lagardere shine

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves ([email protected]) and Julien Ponthus ([email protected]) in London and Stefano Rebaudo ([email protected]) in Milan. OPENING SNAPSHOT: STOXX 600 POSITIVE, BAYER AND LAGARDERE SHINE European stocks are higher after a mixed session in Asia and with the […]

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European shares inch lower on doubts over COVID-19 vaccine

(For a live blog on European stocks, type LIVE/ in an Eikon news window) May 20 (Reuters) – European shares headed lower on Wednesday after a downbeat session on Wall Street, as doubts over a potential COVID-19 vaccine reignited fears about the slow recovery from a looming global recession. The pan-European STOXX 600 dropped 0.3% by 0708 GMT in its […]

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Asian Markets Mostly Higher

Asian stock markets are mostly higher on Wednesday following the positive cues overnight from Wall Street as the easing of coronavirus lockdown restrictions in Europe and the U.S. helped boost investor sentiment. Crude oil prices continued to rise in Asian trades amid optimism about a recovery in energy demand. The Japanese market is closed for a holiday. The Australian market […]

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Farms Are Turning to Waiters and Convicts to Harvest Fruit

Louise Wickens usually works at a stables in England’s West Midlands, hiring out horses and dressing them as unicorns for children’s parties. With business closed for the lockdown, she’s turned her hand to planting vegetables at a nearby farm. She’s just one of the locals being hired by fruit and vegetable farms as travel restrictions disrupt life for hundreds of […]

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MORNING BID-Lockdown easing optimism boosts market mood

LONDON, May 5 (Reuters) – A look at the day ahead from emerging markets chief correspondent Karin Strohecker. The views expressed are her own. A late bounce on Wall Street over optimism that New York could come out of its lockdown by mid-May and crude oil futures staging a recovery saw concerns over tensions between Washington and Beijing fade into […]

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Russian Ship That Could Finish Nord Stream 2 Link Reaches Baltic

A Russian pipe-laying ship that could help finish the Nord Stream 2 gas link to Europe has anchored at the Baltic Sea port of Kaliningrad after sailing for three months from the Pacific. The Akademik Cherskiy, which has changed destinations several times on its way, recently signaled it was set to arrive in Kaliningrad on Sunday, tanker tracking data show. […]

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European Nation With Least Virus Deaths Proves Speed Is Key

As the coronavirus continues to kill thousands of people a day across Europe, one country stands out for keeping its death toll low. Slovakia, a landlocked country of 5.5 million, closed its schools, shops and borders earlier than any other country after Italy. Meanwhile, politicians and TV anchors embraced face masks even before the government made them mandatory. The measures […]

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European shares rise as airlines, Deutsche Bank surge

(Reuters) – European shares rose on Monday as airline stocks soared on hopes of state support, while upbeat earnings from Deutsche Bank and others added to optimism from signs many countries will soon ease coronavirus-driven lockdown measures. Shares of Lufthansa (LHAG.DE) jumped 6.8% after Germany’s transport minister said he was in favour of protecting the airline company, with Air France […]

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