# finance

A person wearing a protective face mask walks by the EU Commission building bearing a banner that reads "Coronavirus Global Response" in Brussels on May 6, 2020, as the country is under lockdown to stop the spread of the Covid-19 pandemic caused by the novel coronavirus. (Photo by Kenzo TRIBOUILLARD / POOL / AFP)
A person wearing a protective face mask […]

Europe’s ‘historic’ recession threatens eurozone survival

The EU has forecast that the eurozone economy will contract by a staggering 7.7 percent in 2020, warning the wreckage from the coronavirus outbreak could endanger the single currency
German Finance Minister Olaf Scholz gives a press conference after the negotiations of the Eurogroup. Photo: Michael Kappeler/dpa +++ dpa-Bildfunk +++
German Finance Minister Olaf Scholz give […]

EU ministers call on banks to refrain from paying out dividends

The economy and finance ministers of the European Union member states, as well as the European Commission, are looking for effective measures to help Europe's economy that is hit hard amid the coronavirus pandemic crisis.
Britain's finance minister Philip Hammond attends the G7 Finance Ministers and Central Bank Governors' meeting in Chantilly, near Paris, on July 17, 2019. Photo: Pascal Rossignol / AFP
Britain's finance minister Philip Hammon […]

Britain’s bookish Hammond turns unlikely ‘no-deal’ resistance chief

Philip Hammond's decision to resign as Britain's finance minister should Boris Johnson become PM thrusts him into the frontlines of an internal revolt against the likely incoming leader