Swiss food & drink giant Nestle is sixth on the list. It’s seen its shares rise 16% from their lows in March of this year and is today worth nearly $40 billion. It’s followed by three banks—France’s BNP Paribas, the U.K.’s HSBC, and Spain’s Banco Santander—as well as Russian oil company Rosneft in the top 10.
As the coronavirus spread from its origin point in Wuhan, China, Europe became a major hot spot as outbreaks in Italy and Spain spread across the continent and forced a weeks-long shutdown of the European economy. Even as the worst-hit countries begin to reopen, however, the European Union is now facing its worst economic trial ever. Last week, the European Commission released projections that the economy will shrink by a staggering 7.4% this year, with one official warning that the E.U.
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