Europe's lockdowns threaten to squash fragile profit rebound

A bar worker flushes the beer taps clean beside stacked empty glasses at closing time at a restaurant in Paris on Sept. 28, 2020. Foto: Bloomberg/Nathan Laine

Just as European companies are finally starting to see a recovery in earnings, tough new measures to curb a resurgent coronavirus threaten to throw that hard-won progress into reverse.

Plans to shutter bars, restaurants and non-essential services for a month in Germany and France -- while keeping most businesses operating -- are tempering the optimism generated by better-than-expected results from the likes of Anheuser-Busch InBev, Volkswagen and Airbus ...

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