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Europe

Reuters | Equities.com |

Deutsche Bank is gaining in financial strength, putting Germany’s largest lender in a position to play a leading role in European banking consolidation, CEO Christian Sewing was quoted on Sunday as saying.

“We continue to do better and therefore meet the criteria to sit at the table when it comes to a possible consolidation of the European banks - and not just as a junior partner,” Sewing told Welt am Sonntag in an interview.

Sewing, who is pursuing a long-term drive to boost earnings power at Deutsche after years of underperformance, has consistently said that his priority was to complete a turnaround by 2022.


AP News | Equities.com |

Germany on Wednesday moved to shut down restaurants, bars and theaters all over again and France weighed demands for another nationwide lockdown as a new wave of coronavirus infections in Europe and the U.S. wipes out months of progress against the scourge on two continents.

The resurgence and the growing clampdown sent a shudder through financial markets, and stocks slumped.

“We must act, and now, to avoid an acute national heal...


AP News | Equities.com |

Fears rose Thursday that Europe is running out of time to control a resurgence of the coronavirus, as infections hit record daily highs in Germany, the Czech Republic, Italy and Poland. France slapped a 9 p.m. curfew on many of its biggest cities and Londoners faced new travel restrictions as governments imposed increasingly tough measures.

Newly confirmed cases have surged across Europe over recent weeks as the fall kicks in, prompting authorities to bring back measures that had been relaxed over the summer. The Czech Republic, Belgium, the Netherlands, Spain, France and Britain are among the countries causing particular concern.


Reuters | Equities.com |

European nations from Denmark and Iceland in the north to Greece in the south announced new restrictions on Friday to curb surging coronavirus infections in some of their largest cities, and Britain was considering a new national lockdown.

Cases in the United Kingdom almost doubled to 6,000 per day in the latest reporting week, hospital admissions rose and infection rates soared across parts of northern England and London.


AP News | Equities.com |

With confirmed coronavirus cases in the U.S. hitting 5 million Sunday, by far the highest of any country, the failure of the most powerful nation in the world to contain the scourge has been met with astonishment and alarm in Europe.

Perhaps nowhere outside the U.S. is America’s bungled virus response viewed with more consternation than in Italy, which was ground zero of Europe’s epidemic. Italians were unprepared when the outbreak exploded in February, and the country still has one of the world’s highest official death tolls at over 35,000.