Fed policymakers see cautionary tale in Europe’s inflation fight

3/3 © Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City 2/3 By Ann Saphir (Reuters) – Federal Reserve policymakers once pointed to Japan as the posterchild for what can go wrong for a central bank when it comes to fighting […]

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Pandemic tames Airbnb in Europe’s tourist hotspots – for now

2/2 © Reuters. FILE PHOTO: Augusta street is pictured during partial lockdown as part of state of emergency to combat the coronavirus disease (COVID-19) outbreak in Lisbon 2/2 By Victoria Waldersee LISBON (Reuters) – The COVID-19 pandemic has achieved what many mayors across Europe have tried and failed to do: wipe out tens of thousands […]

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Europe’s spending surge will not make debt unsustainable: ECB

© Reuters. FILE PHOTO: ECB headquarters in Frankfurt FRANKFURT (Reuters) – A surge in public spending across Europe to contain a pandemic-induced recession will not make debt levels unsustainable, even if some euro zone members are sitting on excessively large debt piles, European Central Bank chief economist Philip Lane said. Governments are running up record […]

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Europe’s travel recovery stalls in August: ticket data

© Reuters. An interior view shows an airport in Omsk LONDON (Reuters) – Europe’s travel recovery stalled at the start of August after a stronger performance in July, as quarantine rules and warnings over rising infection rates created uncertainty and deterred tourists from booking trips abroad. In July, ticket numbers for cross-border air travel within […]

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Euro stays quiet on Europe’s day off; Australian dollar sinks

© Reuters. Bank notes of different currencies are photographed in Frankfurt, Germany, in this illustration picture By Olga Cotaga LONDON (Reuters) – The euro stabilised against the U.S. dollar on Friday, having rallied the day before to a two-week high on month-end flows and on news that the European Central Bank will make loans to […]

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Fighting virus, ECB to run to Europe’s rescue. Again.

Fighting virus, ECB to run to Europe’s rescue. Again. By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is all but certain to unveil new stimulus measures on Thursday, pushing policy closer to its limits to help the euro zone economy cope with the shock of the coronavirus epidemic. With millions […]

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