A set of closely-watched business surveys gave a terrifying glimpse into the scale of Europe's looming coronavirus recession

Associated Press Europe's economy nosedived in March, with surveys from the continent's three largest powers tanking to record lows far worse than anything witnessed even during the depths of the financial crisis. The composite Purchasing Managers' Index for the eurozone posted a reading of 13.5 in April, down from 29.7 in March. The UK composite PMI fell to its lowest-ever level of 12.9 in April, down from 36.0 in the previous month. A PMI reading of above 50 indicates an expansion in economic ...