Tag: Europe

February 19, 2024

The Euro lost a little ground against the United States Dollar on Monday but, as the latter’s home market is going to be largely shut down for the Presidents’ Day break, the real trading action will probably come later in […]

October 25, 2023

Oil prices have broadly declined over the last three trading session with an accelerated move yesterday after European PMI data was released. Dire manufacturing and services data in Europe underscored the headwinds facing the European economy, raising concerns over future […]

February 3, 2023

European Union governments tentatively agreed Friday to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel — steps aimed at ending the bloc’s energy dependence on Russia and limiting the […]

December 7, 2022

Europe’s tech industry has lost more than $400 billion in value this year, according to venture capital firm Atomico. The combined value of all public and private European tech firms has fallen to $2.7 trillion from a peak of $3.1 […]

November 30, 2022

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 […]

October 31, 2022

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 […]

October 27, 2022

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 […]

October 25, 2022

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 […]

September 26, 2022

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 […]

September 14, 2022

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 […]

September 7, 2022

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 […]

September 6, 2022

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 […]

August 17, 2022

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 […]

July 11, 2022

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 […]

June 15, 2022

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 […]

June 8, 2022

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 […]

June 3, 2022

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 […]

June 1, 2022

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, […]

May 19, 2022

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 […]

May 10, 2022

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 […]