Betting Against Greece and Italy Backfires for Hedge Funds

Some of the world's leading hedge funds, including Citadel, Marshall Wace and AKO Capital, are currently dealing with losses after betting against Greek and...

EU Decides to Keep European Borders Closed Until June 15

The European Commission on Friday called on Schengen member states and allied states to extend the temporary restriction on non-essential travel to the EU...

EU Calls for Coronavirus Vaccine to be Available, Affordable to All

World leaders, international organizations and companies which have pledged €7.4 billion to develop new tools to detect, treat and prevent the novel coronavirus have...

EU Parliament to House Homeless, Cook 1,000 Meals a Day for Healthcare Workers

David Sassoli, the President of the European Parliament, announced on Wednesday two unprecedented measures to help both those in need as well as the...

European Central Bank To Spend 750 Billion Euros Battling Coronavirus Crash

The European Central Bank said it would spend 750 billion euros ($818 billion) buying government debt and private securities to fight the coronavirus crash. It...

EU Leaders Agree to Ban Non-EU Citizens from Entering Europe for 30 Days

The leaders of the European Union decided on Tuesday to agree with European Commission President Ursula von der Leyen's proposal to temporarily ban all...

Coronavirus: UEFA Postpones Euro 2020 Championship for One Year

The latest ''victim'' of the global Covid-19 coronavirus pandemic on Tuesday was the Euro, Europe's most well-known and beloved football championship for its national teams. The...

EU Proposes Banning All But Essential Travel to Europe for Thirty Days

European Commission President Ursula von der Leyen announced on Monday that the Commission will propose a temporary ban of all travel by non-EU citizens...

Coronavirus Pandemic: Europe Blasts US Travel Ban

President Donald Trump's announcement of a 30-day European travel ban beginning at midnight on Friday drew a sharp rebuttal from the European Union on Thursday,...

EU Imposes Sanctions on Turkish Individuals Over Cyprus Drilling

The European Union announced on Thursday that -- in solidarity with Cyprus -- it will impose sanctions on two Turkish individuals over their role...