The number of overnight stays by tourists in Portugal dropped 98.3% to nearly 71,000 last month from the previous year, showing the sector's collapse as lockdowns to contain the spread of the coronavirus grounded flights and kept visitors away.
German Finance Minister Olaf Scholz wants to extend the amount of time people can get paid on the government's short-time work scheme to two years from a maximum of one year, magazine Der Spiegel on Friday cited a finance ministry document as showing.
Denmark's state prosecutor has dropped its investigation into whether accountant EY breached anti-money laundering laws in connection with its audit of Danske Bank , the Danish Business Authority (DBA) said on Friday.
French energy major Total now faces a revenue shortfall of at least $12 billion (£9.76 billion) due to the crash in oil prices, CEO Patrick Pouyanne said on Friday, a third higher than its previous forecast made two months ago.
A surge in supermarket and online shopping prevented a double-digit dip in German retail sales in April, data showed on Friday, a sign of the relative resilience of Europe's largest economy during the coronavirus crisis.
Volkswagen AG plans to boost its electric push in China, the world's biggest auto market, by pumping 2.1 billion euros (1.9 billion pounds) in two Chinese electric vehicle players.
The European Union's competition chief Margrethe Vestager said on Friday that a plan by Italy's Banca Monte dei Paschi di Siena to create a bad bank to manage its soured loans was no state aid.
Italy's Banca Monte dei Paschi di Siena has received a preliminary green light from the European Union's competition authorities for its bad debt disposal plan, a source familiar with the matter said on Friday.
Euro zone companies tapped banks for some vital credit last month as economic activity stopped, forcing them to look for emergency cash to survive, European Central Bank showed
Intesa Sanpaolo should disclose in a legally binding document that its takeover offer for smaller rival UBI Banca is still valid, UBI CEO Victor Massiah said in a newspaper interview.
Annual inflation in Germany slowed further in May, remaining well below the European Central Bank's target, preliminary data showed on Thursday, providing further justification for stimulus.
France's economy contracted less than initially thought in the first quarter but it still plunged deep into recession and the worst is yet to come, official data showed on Friday.
Italy's economy shrank 5.3% in the first quarter from the previous three months, national statistics bureau ISTAT said on Friday, the steepest drop in gross domestic product since the current series began in 1995.