# Economy

Aircraft stored by Tarmac Aerosave at the firm's aerodrome in Azereix, southwestern France, on February 4, 2021. Photo: Lionel Bonavenure / AFP
Aircraft stored by Tarmac Aerosave at th […]

At the foot of the Pyrenees planes put out to pasture

Under the snow-capped Pyrenees, dozens of planes are lined up like toys on a shelf at one of several airports in southern Europe where parking planes has become big business
People have a meal at a cafe on Melbourne's Yarra River on October 29, 2020, as the city reopens after battling a second wave of the COVID-19 coronavirus. Photo: William West / AFP
People have a meal at a cafe on Melbourn […]

‘Zero Covid’ in Europe: possible or a pipe dream?

Hit the virus hard, undergoing drastic short-term measures to allow life to return to normal, as several nations in Asia and Oceania have done. Could European countries do likewise?
Italian economist Mario Draghi gives a speech after being awarded the Federal Cross of Merit during a ceremony at the presidential Bellevue Palace in Berlin on January 31, 2020. - Months after the end of his term as president of the European Central Bank (ECB), Mario Draghi received Germany's highest honour, drawing attacks from critics of his easy-money policy. (Photo by Tobias SCHWARZ / AFP)
Italian economist Mario Draghi gives a s […]

How long will Italy’s honeymoon with Draghi last?

In Italy, politicians left, right and centre are rallying behind Mario Draghi's attempt to form a unity government -- but will an unusually broad coalition make his job harder?
Former ECB head Mario Draghi leaves the Quirinale palace in Rome after a meeting with the Italian president on February 3, 2021. Photo: Andreas Solaro / AFP
Former ECB head Mario Draghi leaves the […]

The economic challenges facing Italy’s ‘Super Mario’

Political instability and the worst recession since World War II -- Mario Draghi, the former European Central Bank chief brought in to rescue his native Italy, has some major challenges ahead
Electric vehicles (EV) charge at a charging station in east London on November 18, 2020. - Britain will ban petrol and diesel vehicle sales from 2030 as part of a 10-point plan for a "green industrial revolution" to be unveiled Wednesday by Prime Minister Boris Johnson. (Photo by DANIEL LEAL-OLIVAS / AFP)
Electric vehicles (EV) charge at a charg […]

Electric vehicle sales surge in EU amid Covid slump

Demand for electric vehicles soared in the EU last year as buyers took advantage of government subsidies aimed at helping manufacturers during the Covid-19 pandemic, an industry body said
View of the archaeological site of Machu Picchu, in Cusco, Peru during its reopening ceremony on November 01, 2020, amid the new coronavirus pandemic. The Inca citadel of Machu Picchu reopened on Sunday in the framework of a gradual decrease in COVID-19 contagions in Peru, after remaining empty almost eight months, affecting the tourism sector severely
View of the archaeological site of Machu […]

Covid-19 prompts rethink of mass tourism

The coronavirus pandemic has forced famous tourist destinations to question their business model, though economic realities are likely to stand in the way of major changes
A sign is seen in the window of a shop explaining to customers that it has temporarily closed due to the coronavirus outbreak in Portobello Market in west London on June 1, 2020, following the easing of the lockdown restrictions during the novel coronavirus pandemic. - Some non-essential stores, car dealerships and outdoor markets in Britain on June 1 were able to reopen from their COVID-19 shutdown in an easing of coronavirus lockdown measures. (Photo by Tolga AKMEN / AFP)
A sign is seen in the window of a shop e […]

World lost equivalent of 255 million jobs in 2020: UN

The coronavirus pandemic has taken a huge toll on global jobs, with a new study by the United Nations estimating that the equivalent of 255 million jobs were lost last year
This picture shows the construction site of a high-rise building at the business district of La Defense west of Paris on October 21, 2020, as the country faces a new wave of infections to the Covid-19 (the novel coronavirus). - La Defense, the largest European business district and the fourth largest in the world, had to reshape its activity following the Covid-19 pandemic: work from home, barrier measures and safety guidelines. According to Paris-La Defense association district, 60% of its workers have returned to the office. However, following the lockdown, the generalisation of home working, the partial closure of bars and restaurants and, now, the curfew, the daily life of some 500 companies and 180,000 employees is permanently affected. (Photo by Christophe ARCHAMBAULT / AFP)
This picture shows the construction site […]

EU warns no return to pre-crisis economy before 2023

A second wave of the coronavirus pandemic has stalled a nascent recovery in Europe, as the EU warned that the economy would not return to pre-virus normality before 2023