european-economies
BusinessEuro Zone January Business Activity Returns to Growth -PMI
Top StoriesEU Energy Regulator to Launch Lng Price Assessment on Friday
Top StoriesEU Should Agree Remaining Climate Laws by Summer, Sweden Says
Top StoriesSurprise French Inflation Drop Adds to Signs Europe Prices Are Cooling
Euro Zone Recession May Not Be as Deep as Expected -PMI
Date: January 4, 2023
LONDON (Reuters) – Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc’s recession may not be as deep as expected. S&P Global’s final composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good gauge...
Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Date: December 29, 2022
By Sabrina Valle (Reuters) – U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have...
Europe’s Biggest Climate Policy Heads for Final-Hour Talks
Date: December 16, 2022
By Kate Abnett BRUSSELS (Reuters) – European Union negotiators meet on Friday to attempt to strike a deal on an overhaul of the bloc’s carbon market, its main policy tool for fighting climate change, plus a multi-billion-euro fund to shield poorer citizens from CO2 costs. At stake is the EU’s ability to contribute to global...
EU Strikes Deal on World-First Carbon Border Tariff
Date: December 13, 2022
By Kate Abnett BRUSSELS (Reuters) – After all-night negotiations, the European Union struck a political deal on Tuesday to impose a carbon dioxide emissions tariff on imports of polluting goods such as steel and cement, a world-first scheme aiming to support European industries as they decarbonise. Negotiators from EU countries and the European Parliament reached...
Cold Spell Tests Europe’s Gas Cutback Ambitions
Date: December 9, 2022
By Leigh Thomas PARIS (Reuters) – Europe’s first cold spell heading into the depths of winter is testing the resolve of countries to continue limiting gas use after they comfortably exceeded an EU reduction target, analysis of consumption data shows. European countries on average cut their natural gas consumption by 24% in November from the...
Tax Credits for EU Electric Vehicles to Dominate Monday’s Trade Talks With U.S
Date: December 5, 2022
By David Lawder COLLEGE PARK, Md. (Reuters) -Top European Union officials are aiming to be more vocal at a trade meeting with their U.S. counterparts on Monday in their criticism of President Joe Biden’s climate law that would cut off the bloc’s electric vehicles from U.S. tax credits. The U.S.-EU Trade and Technology Council (TTC),...