Bloomberg European car sales plunged the most on record last year as relatively resilient demand in the second half did only so much to make up for the collapse during the initial outbreak of Covid-19. New-vehicle registrations fall 24%, the European Automobile Manufacturers Association said on Tuesday, the biggest annual drop since records began in 1990. A strong finish to ...

Bloomberg Call it the prop-up effect. As France lived through its worst economic slump since World War II, business failures paradoxically slid to the lowest in 33 years. The number of bankruptcies and firms seeking protection from creditors or entering receivership fall 38% in 2020, as government aid in the face of the coronavirus pandemic kept French companies afloat, according ...

Bloomberg Hong Kong stocks closed at the highest level since May 2019 as mainland investors continue a record spending spree in the city. The benchmark Hang Seng Index rises 2.7% Tuesday, soaring past last year’s peak as stock turnover in the city rose to a record $38.9 billion. A rally since late December has been powered by Chinese investors, who ...