Bloomberg German unemployment extended its decline in November as businesses added staff to work off a backlog in orders. Unemployment in Europe’s largest economy falls by 34,000, beating economists’ forecast for a drop of 25,000. That pushed the jobless rate to 5.3%. “Consequences of the current, worrying corona situation in Germany have hardly shown up so far,” Federal Labour Agency ...

Bloomberg The new coronavirus variant is set to test European economy’s recent ability to withstand fresh restrictions on activity. With the new strain from South Africa looming as a threat to public health, adding to the existing headache of rising infections that have already forced Austria and Slovakia to impose lockdowns, a pandemic that countries around the region had previously ...

Bloomberg Fresh concerns about the efficacy of existing vaccines against the omicron coronavirus strain pushed markets back into risk-off mode on Tuesday, with stocks in Europe dropping alongside US equity futures. Bonds gained as investors sought havens. The Stoxx Europe 600 index falls more than 1%, more than wiping out an earlier advance. Cyclical sectors including retail, travel and carmakers ...