Tag: Central / Eastern Europe

Germany stamps authority on Lufthansa with $9.8 billion lifeline

FRANKFURT/BERLIN (Reuters) – Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in...

Lufthansa, German government agree on $9.8 billion rescue package: sources

FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached...

Hong Kong tensions unnerve world stocks, oil tumbles

LONDON (Reuters) – World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on...

Shares lose footing, oil marches on

LONDON (Reuters) – Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries...

Warsaw’s open-air Chopin concerts move online due to coronavirus

WARSAW (Reuters) – Lovers of Frederic Chopin’s music who usually flock to a central Warsaw park on Sundays for open-air concerts will have to go...

Dollar perched at one-week highs before U.S. jobless data

LONDON (Reuters) – The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data likely to provide more...

Stocks rise on China trade data, easing pandemic fears

LONDON (Reuters) – World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy...

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

BAKU/DUBAI/LONDON (Reuters) – OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the...

OPEC, Russia meet again to approve biggest ever oil cut

BAKU/DUBAI/LONDON (Reuters) – OPEC, Russia and other oil producing nations were meeting on Sunday in a bid to clinch a deal on the biggest oil...

Global stocks turn negative as virus death toll mounts

LONDON (Reuters) – World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue...

Coronavirus hopes propel stocks, euro higher

LONDON (Reuters) – World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe...

As coronavirus hits tourism, Wizz Air finds new role

BUDAPEST (Reuters) – Hungarian low-cost airline Wizz Air (WIZZ.L) is repatriating citizens and transporting medical equipment for east European governments, in a move coupling one-off...

World stocks jump on less dire virus data, oil falls after OPEC+ delay

NEW YORK (Reuters) – World stock markets jumped on Monday, encouraged by slowdowns in coronavirus-related deaths and new cases in some global hot spots, while...

Stocks jump as virus deaths slow; oil falls after OPEC+ delay

NEW YORK (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some global hot spots,...

Stocks jump as COVID deaths slow; oil falls on OPEC+ delay

NEW YORK/LONDON (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world’s...

Stocks jump on virus hopes, oil hit by OPEC+ delay

LONDON (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between...

OPEC+ debates biggest-ever oil cut, awaits U.S. efforts

DUBAI/LONDON/MOSCOW (Reuters) – OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply,...

OPEC+ debates biggest-ever oil cut as virus destroys demand

DUBAI/LONDON/MOSCOW (Reuters) – OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply,...

Russia earmarks $18 billion to tackle coronavirus crisis

MOSCOW (Reuters) – Russia has earmarked nearly $18 billion to fight the spread of the coronavirus and its economic fallout, its prime minister said on...

Russia considering coronavirus emergency, say sources, but Kremlin denies it

MOSCOW (Reuters) – Russia is considering declaring a state of national emergency over the coronavirus to allow the government to bring in tougher measures, three...