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lockdowns in Europe

Portugal's first-quarter tourist arrivals slump 92pc amid COVID curbs

Portugal's first-quarter tourist arrivals slump 92pc amid COVID curbs

  • Earlier on Friday, the statistics office showed Portugal's tourism-dependent economy contracted 3.3% in the first quarter from the preceding three months.
  • Overnight stays by Britons, one of the country's biggest foreign markets, fell 94% from a year ago, the INE said.
Published 30 Apr, 2021 04:58pm
Pandemic upsurge hits Europe recovery hopes
World

Pandemic upsurge hits Europe recovery hopes

  • Credit insurer Euler Hermes estimates that the EU is now seven weeks adrift of its target to have 70 percent of the population vaccinated by the end of the summer, compared with five weeks in February.
Updated 28 Mar, 2021 05:32pm
Aussie, kiwi down
Business & Finance

Aussie, kiwi down

SYDNEY: The Australian and New Zealand dollars nursed painful losses on Wednesday as investors abandoned bets on...
Published 25 Mar, 2021 05:08am
Oil extend losses amid gloomy demand outlook
Markets

Oil extend losses amid gloomy demand outlook

  • In other parts of the world, Brazil registered its second deadliest day in its COVID-19 pandemic, with 2,724 deaths, while India on Friday reported its highest daily increase of new COVID-19 cases in more than three months.
Published 19 Mar, 2021 11:15am
Lockdown still needed in Denmark to combat new virus variant
World

Lockdown still needed in Denmark to combat new virus variant

  • Denmark instituted hard lockdown measures in December after seeing infections rise exponentially and in particular to curb the spread of the new B.1.1.7. variant, first identified in Britain.
  • We are down to some very low infection rates and if it were not for the darned B.1.1.7., we would be able to relax.
Published 05 Feb, 2021 09:01pm
Europe Inc earnings seen jumping 44pc in Q1 despite lockdowns
Markets

Europe Inc earnings seen jumping 44pc in Q1 despite lockdowns

  • Estimates for the first quarter -- relating to companies listed on the STOXX 600 equity benchmark -- slightly increased compared to last week.
  • For the fourth quarter of 2020, analysts expect a 26.2% drop in earnings, largely unchanged from last week.
Published 19 Jan, 2021 09:07pm
Swiss boost coronavirus restrictions, shy away from full lockdown
World

Swiss boost coronavirus restrictions, shy away from full lockdown

  • The country also eased rules on allowing pandemic-hit businesses to apply for state financial aid in hardship cases.
  • Switzerland, which has so far taken a lighter touch to restricting business and public life, said it will close shops selling non-essential supplies from Monday.
Published 13 Jan, 2021 06:52pm