By Gabriela Baczynska and Francesco Guarascio BRUSSELS, April 21 (Reuters) - European Union leaders meeting are on Thursday expected to defer a final decision on how to finance the bloc's economic recovery in the aftermath of the coronavirus pandemic, diplomats and officials said. The 27 national leaders have already clashed over...
  Abby Ellin /(The New York Times) Carmen Soto is a research scientist, with a master’s degree in ecology and natural resources from the National University of Saint Anthony the Abbot in Cuzco, Peru. In 1999, while writing her thesis on the “biological control for the potato moth and virus translocation...
LONDON/LOS ANGELES U.S. retailers face an estimated $700 million sales hit from the coronavirus and some shipping lines are sending vessels to retrieve empty cargo containers from Los Angeles to prevent further supply disruptions. The extended shutdown of factories in China caused by the virus, travel restrictions on workers and canceled...
Clyde Russell (Reuters) LAUNCESTON, Australia Coal prices around the world are gently sliding as demand from top importers such as China, India and even Europe remains subdued amid a so far mild northern winter. However, there is one exception. South African coal export prices at Richards Bay have surged in recent months,...
Michael Nienaber and Rene Wagner /(REUTERS) BERLIN The German economy escaped a recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion, defying expectations of another contraction in Europe's largest economy, preliminary data showed on Thursday. On an annual basis, gross domestic product expanded 0.5% from...
PARIS The coronavirus will accelerate a Darwinian shakeout in Europe’s overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict. Nobody is exempt from the short-term pain that has already seen Flybe collapse and Norwegian Air stock lose about 70 percent of its value in a...
DUBAI, June 1 (Reuters) - Emirates' outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated by the coronavirus pandemic. The Dubai-based airline, which flew to 157 destinations in 83 countries before...
Vanessa Friedman (The New York Times) Virgil Abloh, the founder of Off-White and the menswear designer of Louis Vuitton, is the kind of fashion figure that seems to demand comparison. Almost every profile contains one buried somewhere in the text. He is “the Andy Warhol for our times” (The Guardian), he...
Lucia Mutikani WASHINGTON (Reuters) - Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers. The weekly jobless claims report from the...
MILAN, (Reuters) Italy’s biggest bank UniCredit said on Tuesday it would buy back its stock this year to improve returns for investors, and shed 9 percent of staff under a new plan to 2023 to cut costs by 1 billion euros ($1.1 billion) in Western Europe. Highlighting the challenge facing retail...