Page 24 - Europe

Euro slides as Austria's fourth national Covid-19 lockdown begins

Austria began its fourth lockdown, the first introduced since vaccines became widely available, shutting Christmas markets, bars, cafes and theatres.

World shares mostly higher as coronavirus lockdowns, inflation loom

Markets opened higher in Europe on Monday after a mixed day of trading in Asia. A resurgence of coronavirus outbreaks has prompted some countries to look to stricter precautions to curb yet another wave of the pandemic. Austria went into a nationwide lockdown early Monday in a desperate effort to contain spiralling infections. The country's chancellor, Alexander Schallenberg, announced last week that Austria will introduce a vaccine mandate as of Feb 1. Tens of thousands of people marched through Brussels on Sunday to protest reinforced COVID-19 restrictions imposed by the Belgian government. The World Health Organisation said last week that Europe was the hot spot of the pandemic right now, the only region in which COVID-19 deaths were rising. Still, markets appeared to be off to a strong start for the week. Germany's DAX edged 0.1% higher to 29,774.11 and the CAC 40 in Paris gained 0.3% to 7,130.80. Britain's FTSE 100 picked up 0.4% to 7,251.02. US futures also pointed to an u

Unrest spreads across Europe as strict measures to contain Covid return

Pockets of unrest are spreading across Europe as governments return to strict measures like lockdowns to reverse the latest coronavirus wave

Oil hits 7 week-low amid expectations on supply release, Europe Covid surge

Crude oil fell to seven-week lows on Monday, extending declines after the previous session's slide

US-bound passengers stranded after flight makes emergency landing in Dublin

Bernard Vidick, a Belgian judicial officer, said he had been refused a connecting flight in Paris because the plane bringing stranded passengers from Dublin had also been delayed.

Covid: Austrians take to the streets against vaccine mandate, lockdown

Demonstrations against virus measures were also expected in other European countries including Switzerland, Croatia and Italy

ECB should not react to current inflation spike, says Christine Lagarde

Inflation in the euro zone hit 4.1 per cent in October, pushed up by higher energy costs, and is expected to stay above the ECB's 2 per cent target next year

Europe's Covid-19 lockdown rattles Wall Street, boosts safe-havens

Wall Street opened the day mixed, with the tech-heavy Nasdaq posting a record open but the blue-chip Dow dipping on fears the economic recovery could stall.

Europe lockdown fears knock stocks, spark dash for bonds

Markets went into a tailspin after news that Austria will become the first country in western Europe to reimpose a full coronavirus lockdown

EU opens door to giving aid for semiconductor production

The EU's executive arm expects that the scarcity of semiconductors will affect the region's economy

Europe is only region with increasing coronavirus deaths, says WHO

The World Health Organisation says coronavirus deaths in Europe rose by 5 per cent in the last week, making it the only region in the world where COVID-19 mortality increased. The UN health agency said confirmed cases jumped 6 per cent jump globally, driven by increases in the Americas, Europe and Asia. In its weekly report on the pandemic issued late Tuesday, WHO said COVID-19 deaths in all regions other than Europe remained stable or declined, and totaled 50,000 worldwide last week. Of the 3.3 million new infections reported, 2.1 million came from Europe. It was the seventh consecutive week that COVID-19 cases continued to mount across the 61 countries WHO counts in its European region, which stretches through Russia to central Asia. While about 60 per cent of people in Western Europe are fully immunized against COVID-19, only about half as many are vaccinated in the eastern part of the continent, where officials struggle to overcome widespread vaccine hesitancy. WHO said infect

Nord Stream 2 pipeline delays send European natural gas price soaring

Germany's energy regulator halted the certification process necessary before the new link from Russia can start

Lessons from Europe

India must speed up vaccination

Chinese aggression driving Europe towards Taiwan: European lawmaker

Chinese aggression towards Taiwan is responsible for driving Europe towards the self-ruled island, said a European lawmaker

Europe relapses as Covid-19 hot spot in warning sign for recovery

Despite an abundance of Covid-19 shots, countries from Germany to Greece have reported record infections in recent days

Asia LNG prices slip below $30/mmBtu as supply improves in Europe

SINGAPORE (Reuters) - Asia liquefied natural gas (LNG) prices fell for a third straight week, as improved gas supply in Europe reduced the competition for LNG in Asia, though losses were limited by fresh demand from Pakistan and Turkey.

Europe could see 500,000 more Covid deaths by February, says WHO

Relaxed prevention measures and low vaccination rates in some areas explain the latest surge, says WHO Europe chief

Europe had most coronavirus cases and deaths over last week, says WHO

WHO officials have pointed to a number of factors including relatively low rates of vaccination in some countries in eastern Europe

EU under pressure

Future depends on how Germany responds

Copper price rebounds as global energy crisis keeps roiling the market

Power shortages are forcing output cuts from China to Europe