Europe

ECB’s De Guindos Says Coronavirus Will Put Europe Into Recession

The adverse economic effects of coronavirus will push the European economy into a recession. But, the gross domestic product should rebound in the second half of the year. “I think the first half of the year will be very bad. Europe will enter a recession,” de Guindos said. “But I believe we will see growth […]

Netflix Limits Streaming Quality To Free Bandwidth

Netflix will reduce the speed and quality of its video streaming to help keep the Internet running smoothly in the EU at the request of the European Commission. The network is overloaded because it is being used more in Europe by citizens forced by their governments to not go to work and school and stay […]

VW To Close European Plants Amid Coronavirus Outbreak

The German automobile group Volkswagen will close its European factories for two to three weeks. The last shift in most operations will be this Friday, the concern announced. The automaker also warned that this year will be challenging. At the end of the week, production will stop at Spanish plants, in the Portuguese city of […]