Bloomberg Europe’s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm. Officials sent the starkest warning yet about the impact of the pandemic, with the divergences between richer and poorer countries opening up even further than projected two months ago. It ...

Bloomberg The number of jobs supported by the UK government’s pandemic support exceeds 12 million, highlighting the scale of the task facing Chancellor of the Exchequer Rishi Sunak as he prepares to announce his latest economic strategy on Wednesday. While the rate of increase in the use of the furloughing program and the self-employed plan has slowed since the height ...

Bloomberg The European Union (EU) may need an agency for regulating artificial intelligence (AI) to bolster consumer trust in the technology and help realise its economic potential, a German government official said. Justice Minister Christine Lambrecht made the comment to a European Parliament committee in Brussels on Tuesday while presenting priorities for Germany’s six-month presidency of 27-nation EU through December. She cited ...