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New Data Shows Eurozone Sliding Into Second Recession

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The latest surge of COVID-19 infections is pushing the Eurozone into a second recession, squashing hopes for a near-term rebound of the global economy. mirrored that of the Eurozone, with the U.K. The Eurozone GDP fell in the first two quarters of 2020 and began to drop again in the fourth quarter. in January from 49.1

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New French Lockdown Prompts Amazon To Stop Black Friday Ads

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It's] not at all appropriate at a time when 200,000 businesses will have to shut their doors,” Junior Economy Minister Agnes Pannier-Runchaer said in response to a question about the advertising campaign on Europe 1 radio, according to Reuters. France led the quarter-to-quarter increase, with a jump of 18.2 percent, according to Eurostat.

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Demand For Eurozone Loans Flat At Start Of 2019

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Despite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing the likelihood the European Central Bank will have to make moves to boost the economy. They are loans the central banks offer to banks at a low rate to spur lending to businesses and consumers.

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France’s Ski Resorts Wage Legal Battle To Keep Lifts Open For Holidays

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Measures include partial unemployment benefits for seasonal workers and financial aid for resort-dependent businesses such as small shops, per Bloomberg. Meanwhile, the second wave of lockdowns in Europe this fall has had a chilling effect on the eurozone economy, according to an analysis released by IHS Markit in late November.

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EU Eyes Half-Trillion Euro COVID-19 Stimulus Package 

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Eurozone leaders are negotiating a deal that could deliver a half trillion euros in economic aid to help European Union countries recover from the coronavirus pandemic. They argue Eurozone countries can borrow at very low rates and the limits on deficits have been lifted for the pandemic.

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EU Parliament Eyes New Rules On Cross-Border Payment Fees

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This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone. Aniruddha Sane, chief business officer of TerraPay, stated, “TerraPay enables more than 1.5

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Today In Data: Payment Protocols In The Age Of PSD2

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The European Union’s (EU’s) PSD2 is making merchants that deal with payment data from Eurozone citizens enhance their payment protocols. In other news, Fundbox is expanding access to its Fundbox Pay business credit solution.

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