European markets set to soar at the open despite global concern over omicron variant

LONDON — European stocks are expected to start the new trading week far higher, despite extensive concerns over the newly discovered omicron Covid variant. The U.K.’s FTSE index is seen opening 97 points higher at 7,137, Germany’s DAX 191 points higher at 15,437, France’s CAC 40 up 99 points at 6,824 and Italy’s FTSE MIB up … Read more

Berlin’s new leadership could mean NATO spending rises and U.S. missiles stay in Germany

Members of the German Bundeswehr prepare a Patriot missile launching system during a press day presentation at the Luftwaffe Warbelow training center on December 18, 2012 in Warbelow, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s new coalition government is yet to fully take power, but experts have been poring over its … Read more

Covid news live: Germany death toll passes 100,000; vaccines giving people ‘false sense of security’, WHO says

Aboriginal elders, health organisations and frontline workers in the Australia’s Northern Territory’s Covid outbreak have lashed out at false information about public health measures on social media, with the NT chief minister blaming the misinformation on “tinfoil hat wearing tossers, sitting in their parents’ basements in Florida”. Over the past few days false claims have … Read more

Merkel’s push for German lockdown reportedly blocked as death toll passes 100,000

BERLIN, GERMANY – SEPTEMBER 22: German Chancellor Angela Merkel (L) speaks with Vice Chancellor and Federal Minister of Finance Olaf Scholz. Pool | Getty Images News | Getty Images Germany’s Covid-19 crisis continues to rock the nation with the grim news on Thursday that the total number of deaths has now surpassed 100,000. The country’s … Read more

Covid-19: Why is Europe witnessing a resurgence in cases

Winter plays a role in the resurgence of transmissible diseases. Covid-19 cases are ringing alarm bells in Europe yet again calling for the authorities to re-impose restrictions nationwide. Austria recently made Covid-19 vaccination a legal requirement from February next year. The country has also re-imposed a national lockdown as it continued to witness a record … Read more

‘Vaccinated, recovered or dead’: Germany gives stark winter warning to its people

Visitors at the Christmas market in Dortmund, western Germany on November 22, 2021. Some of Germany’s federal states have canceled their Christmas markets due to the Covid crisis. Ina Fassbender | AFP | Getty Images Germany’s health minister has issued a stark warning to the country’s public, telling citizens that vaccination was the key to … Read more

This 31-year-old’s start-up went from having $200 to being valued at over $6 billion in just 6 years

Personio CEO Hanno Renner Benjamin Hall | CNBC In just six years software firm Personio has become one of Europe’s most valuable start-ups, valued at $6.3 billion. But CEO Hanno Renner remembers a time when money was tight for the company. Speaking to CNBC, Renner recalled how the business had just 200 euros ($226) left … Read more

U.S. official says Russia ‘took advantage’ of Europe’s energy crisis

Russia did not cause Europe’s energy crisis — but it didn’t help, and instead tried to benefit from the situation, according to Amos Hochstein, the U.S. State Department’s senior advisor for global energy security. “It sure didn’t do anything that it could to alleviate [the energy crunch], and in fact, took advantage of it,” Hochstein … Read more

UN sets up special trust fund for ‘people’s economy’ in Afghanistan

The United Nations said on Thursday it had set up a special trust fund to provide urgently-needed cash directly to Afghans through a system that would tap into donor funds frozen since the Taliban takeover last August. Achim Steiner, the U.N. Development Programme’s (UNDP) administrator, said that Germany, a first contributor, had pledged 50 million … Read more

Supply chain chaos is already hitting global growth. And it’s about to get worse

Cargo trucks parked at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot | Bloomberg | Getty Images Thanks to the rollout of coronavirus vaccines, the global economy is slowly starting to emerge from the pandemic. But Covid-19 has left one very destructive economic issue in its … Read more