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Tag: Europe


News

Inflation in Europe eases but still in painful double digits

November 30, 2022

Via: ABC News

Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and […]


News

Inflation hits new record in Europe, slowing economy

October 31, 2022

Via: ABC News

Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed ahead of what economists fear is a […]


Finance Tech, Trading

Global stocks mixed ahead of US GDP, Europe rates decision

October 27, 2022

Via: ABC News

Global stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubborn inflation. London and Hong […]


Finance Tech, Trading

World shares mostly slip as investors eye corporate earnings

October 25, 2022

Via: ABC News

Shares were mostly lower in Europe and Asia on Tuesday as investors geared up for a slew of corporate earnings reports. Shares rose in Paris and Tokyo but fell in Shanghai and in London, where the FTSE 100 fell as […]


Energy, Industries

Lights out, ovens off: Europe preps for winter energy crisis

September 26, 2022

Via: ABC News

As Europe heads into winter in the throes of an energy crisis, offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat their ovens are talking about giving up, while fruit and vegetable […]


Energy, Industries

Energy crisis: EU chief wants to tap excess producer profits

September 14, 2022

Via: ABC News

A top European Union official unveiled a plan Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia’s war in Ukraine and climate change, saying the proposal could raise $140 billion […]


Energy, Industries

EXPLAINER: Europe struggles with crisis as Russia cuts gas

September 7, 2022

Via: ABC News

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession. The primary cause: Russia has choked off the supplies of cheap natural gas that the continent depended on for years […]


Energy, Industries

Russia sends more energy to Asia as Europe cuts back

September 6, 2022

Via: ABC News

Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in […]


News

UK inflation reaches 10.1% on soaring food, energy costs

August 17, 2022

Via: ABC News

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, a faster pace than in the U.S. and Europe as climbing food prices in the United Kingdom tightened a cost-of-living squeeze fueled by the soaring cost of […]


Finance Tech, Trading

World shares mostly lower as recession, COVID fears loom

July 11, 2022

Via: ABC News

Shares have opened lower in Europe after most Asian markets also fell, haunted by worries over the threat of recession and coronavirus outbreaks. U.S. futures and oil prices declined, while Japan’s benchmark rallied after the ruling Liberal Democratic Party garnered […]


Financial Services, Industries

European Central Bank gathers after borrowing costs rise

June 15, 2022

Via: ABC News

The European Central Bank’s rate-setting council will hold an unscheduled meeting Wednesday “to discuss market conditions,” with borrowing costs for several countries having increased after the bank said it would raise interest rates — bringing back bad memories of the […]


Industries, Others

Wizz Air reports financial loss but says it is trying to minimise travel disruption

June 8, 2022

Via: Sky News

Airlines in the UK and across Europe have been struggling to keep up with demand as travel returns to normal for many holiday destinations for the first time since the beginning of the COVID-19 pandemic and prices have shown “low […]


Finance Tech, Trading

European Shares Rise In Thin Holiday Trade

June 3, 2022

Via: Markets Insider

European stocks rose in thin trade on Friday, with the U.K. market closed for the Queen’s Platinum Jubilee celebrations. Sentiment was underpinned by encouraging German retail sales data released earlier in the day. German exports advanced 4.4 percent on a […]


Energy, Industries

Europe will ban insurance for Russian oil cargoes in the biggest blow yet to Putin’s war machine, reports say

June 1, 2022

Via: Markets Insider

The UK and EU are planning to ban ships carrying Russian oil from getting insurance, according to reports, in what analysts are describing as the biggest blow yet to Moscow’s efforts to fund its war in Ukraine. Under the agreement, […]


Finance Tech, Trading

European Shares Extend Losses Amid Global Growth Worries

May 19, 2022

Via: Markets Insider

European stocks fell on Thursday to extend losses from the previous session, as mounting concerns over high inflation and slowing global growth sent investors flocking to the safe haven of the dollar and bonds. U.S. retail giants Target and Walmart […]


Finance Tech, Trading

The $1trn shock for US tech stocks as markets brace for more toxic times ahead

May 10, 2022

Via: Sky News

That does not take anything away from the fact that, so far, 2022 has been a rotten year for stock market investors. To date, in 2022, the FTSE-100 is down 1.69% while the DAX in Germany is off 14.5% and […]


Energy, Industries

Weaning Europe off Russian energy will highlight cost of Ukraine invasion at home

March 2, 2022

Via: Sky News

Another is the changes it is bringing about in the energy policies of many European countries. Chief among them is Germany – which has indicated it may extend the lives of its nuclear power plants and keep coal-fired power plants […]


Enterprise, Industries

Vodafone shares rise on report of stake acquired by activist Cevian

January 31, 2022

Via: Sky News

The London-listed stock was 4% ahead in early trading after Cevian Capital was said to have acquired an undisclosed chunk of the company to encourage it to lead a consolidation drive in Europe. That would be welcomed by analysts and […]


News

Omicron leaves Germany on brink of recession as growth dips

January 14, 2022

Via: ABC News

The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COVID-19’s omicron variant deterring people from shopping […]


Finance Tech, Trading

European Shares Seen Lower Amid Rate-hike Uncertainty

November 23, 2021

Via: Markets Insider

European stocks are likely to open lower on Tuesday as inflation and rate-hike concerns dominate headlines. Doubts about whether the Bank of England will raise interest rates in December and concerns over the spread of Covid-19 in Europe may also […]