Despite government incentives, travel bookings are down in Italy, The New York Times reported. While tourism is returning to southern Europe from Portugal to Greece, not every country is benefitting from the resurgence as COVID-19 has returned to some nations. Italy has seen reservations fall...
The phrase “shop ‘til you drop” hasn’t been used for months as the world hunkered down to stop the spread of COVID-19. But all that’s changed — at least in Europe. After falling to record lows in the first quarter while millions heeded stay-at-home orders,...
The European Union (EU) plans to fight the effects of hostile rivals trying to take over businesses vulnerable after the coronavirus pandemic, the Associated Press (AP) reported. The move, announced on Wednesday (June 17), is aimed at the influence of China in the bloc’s single...
Mastercard has added a program designed to assist FinTech startups in Europe with quickly launching and expanding, the company announced on Tuesday (June 2). Mastercard said the program, dubbed “Fintech Express,” will leverage the power of partnerships and the payment giant’s expertise, technology and global...
Mario Centeno, head of the Eurogroup of eurozone finance ministers, will head up a video conference meeting of European Union officials Monday (March 16) in an attempt to assess how to steer the economy back on track amid the coronavirus outbreak, Reuters reported. The meeting...
The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, Reuters reported on Tuesday (Feb. 19). The proposed plan to revamp the region’s digital market policy...
Europe has long sought to make very profitable Big Tech companies conducting business through the web pay tax where they sell their offerings instead of in tax havens. The continent now wants global financial leaders to make taxing digital giants a priority in 2020, Reuters...
Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. European Central Bank President Christine Lagarde has urged the single...
European luxury brands are asking EU regulators to be harder on online tech giants like Amazon and Alibaba regarding fakes and privacy, Reuters reported on Tuesday (Jan. 28). Andreas Kaufmann, head of the industry group European Cultural and Creative Industries Alliance (ECCIA), along with the...
