european-economies
BankingAnalysis-Outlook for European Banks Left Clouded as Storm Abates
Top StoriesEU Approves Law to End Sales of New CO2-emitting Cars by 2035
Top StoriesIn Inflation-Hit Germany, Massive Strike Over Pay to Cripple Transport
Top StoriesEurope Experienced Second-Warmest Winter on Record
CERAWEEK-Europe Gas Supplies to Stay Tight 2 More Winters, Equinor CEO Says
Date: March 8, 2023
By Ron Bousso and Simon Webb HOUSTON (Reuters) – Europe will struggle over the next two winters to replace Russian natural gas supplies as China’s appetite for the fuel recovers, the chief executive of Norwegian energy giant Equinor told Reuters on Tuesday. Equinor became Europe’s top natural gas supplier last year after exports from Russia...
Eu, US Working on Deal to Make Ev Minerals Eligible for Tax Credits -EU Official
Date: March 3, 2023
By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -The United States and European Union are working toward agreement in principle on a deal to make European minerals eligible for tax credits, a senior EU official said Friday. The $430 billion U.S. Inflation Reduction Act passed in August requires rising percentages of battery minerals to come...
Swiss Government Says It Expects Economic Slowdown but No Recession
Date: February 28, 2023
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end of 2022. “From the current perspective I would not expect a recession,” Eric Scheidegger, the Head of the Economic Policy Directorate at the...
Europe’s Spend on Energy Crisis Nears 800 Billion Euros
Date: February 13, 2023
By Kate Abnett BRUSSELS (Reuters) – European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis. European Union countries have now earmarked or allocated 681 billion euros in...
European Shares Hit Nine-Month High on Upbeat Cues From Fed’s Powell
Date: February 8, 2023
By Ankika Biswas (Reuters) -European shares hit an over nine-month high on Wednesday, lifted by positive cues from U.S. Federal Reserve Chair Jerome Powell’s overnight remarks, while Finnish refiner Neste and Norway’s Equinor steered energy stocks higher on upbeat earnings. The pan-European STOXX 600 was up 0.8%, after hitting its highest level since April 2022...
EU Must Do More to Tackle Antibiotic Shortages, Say Patient Groups
Date: January 24, 2023
By Natalie Grover and Maggie Fick LONDON (Reuters) -The European Union’s drug regulator needs to do more to tackle shortages of some widely-used antibiotics in the region, according to a letter from a group of European patient and consumer organisations reviewed by Reuters on Tuesday. The letter to the European Medicines Agency (EMA) comes as...