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FinanceGermany, EU Race to Fix Energy Crisis
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EU Regulator Backs Pfizer/BioNTech BA.4/5-adapted Covid Booster
Date: September 12, 2022
By Natalie Grover (Reuters) -The European Medicines Agency (EMA) on Monday recommended a COVID-19 booster designed to combat the currently circulating Omicron BA.4/5 subvariants, days after endorsing a pair of boosters tailored to target the older BA.1 Omicron variant. The latest recommendation is for a so-called bivalent vaccine developed by Pfizer and BioNTech, which targets...
Exclusive-EU Watchdog Considers Collateral Changes to Ease Energy Crunch
Date: September 12, 2022
By Huw Jones LONDON (Reuters) -The European Union’s securities watchdog said on Monday it was considering a rare move to relieve energy companies struggling to find enough cash to cover their positions. The EU and Britain are battling to mitigate the shock of what some politicians have dubbed an “energy war” with Russia, which has...
EU Plans to Make Fossil Fuel Firms Share Excess Profits, Draft Shows
Date: September 12, 2022
By Kate Abnett and Foo Yun Chee BRUSSELS (Reuters) -The European Commission wants to force fossil fuel firms that have pocketed gains from soaring energy prices to make a financial contribution to help citizens and industries grappling with sky-high bills, a draft document seen by Reuters showed. The proposal, details of which are expected to...
EU Eyes Levy on Fossil Fuel Firms to Help Consumers Survive Energy Crisis
Date: September 12, 2022
By Kate Abnett and Ingrid Melander BRUSSELS (Reuters) -Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West’s “energy war” with Russia took a growing toll. Energy prices and inflation...
Four European Countries Call for Special Treatment of Defence in EU Debt Rules – Document
Date: September 9, 2022
By Jan Strupczewski PRAGUE (Reuters) – Greece, Romania, Poland and Lithuania are urging the European Commission to give special treatment in EU debt rules to spending on defence, to help accommodate the military investment needed after the Russian invasion of Ukraine, a document showed. EU finance ministers will start discussions on how to change the...
Energy Crisis an ‘existential Threat’ to EU Metal Production -Eurometaux
Date: September 8, 2022
By Pratima Desai LONDON (Reuters) – The European Union needs to reduce power costs in the region to prevent the permanent closure of metal producing plants in the region, which would increase reliance on imports with higher carbon footprints, industry association Eurometaux said. About 50% of EU aluminium and zinc production capacity “has already been...