european-economies
Top StoriesThe EU Is Divided, Climate Action Could Provide Unity
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InvestingEuropean Shares Pulled Down by Mercedes, Defence Stocks up After Poland Blast
InvestingEuropean Stocks Snap Three-Day Gains on Worries Over U.S. Vote, Inflation
EU Eases Bank Capital Rules as ECB Warns of ‘cracking’ Stability
Date: November 8, 2022
By Huw Jones LONDON (Reuters) -European Union member states have backed a temporary watering down and two-year delay to 2025 for the final leg of the globally agreed Basel III bank capital rules, despite the ECB warning they risked “cracking the dyke” that protects stability. EU states will now negotiate a final deal with the...
European Shares Rangebound With All Eyes on U.S. Midterms
Date: November 8, 2022
By Shreyashi Sanyal (Reuters) -European shares traded in a tight range on Tuesday as investors focussed on U.S. midterm elections that will determine control of Congress, while Danish jewellery maker Pandora jumped after reporting quarterly sales above expectations. The STOXX 600 index edged 0.1% lower by 0905 GMT, trading in a range of 416.35 points...
German Industry Calls for Delay to Global Minimum Tax – Bdi
Date: November 7, 2022
BERLIN (Reuters) – German industry has called for a delay to a global minimum corporate tax by at least a year to 2025 to give companies more time to prepare given the current crisis, according to a position paper published by industry association BDI on Monday. “The ambitious timetable of applying the minimum tax as...
Iea Says Europe Must Act Now to Avoid Winter 2023 Gas Shortages
Date: November 3, 2022
By Nora Buli OSLO (Reuters) -Europe needs to act now to avoid a natural gas shortage next year given the loss of Russian supply and expectations Chinese demand will increase, the International Energy Agency (IEA) said on Thursday. The European Union has succeeded in filling storages to 95% ahead of this winter, 5% or 5...
Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten – PM
Date: October 27, 2022
ROME (Reuters) – Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament on Wednesday. The previous government led by Mario Draghi expected to fund part of its measures to soften the impact of the energy crisis on firms and...
EU Seeking Deals on Three Climate Laws in Time for U.N. Summit
Date: October 24, 2022
By Kate Abnett BRUSSELS (Reuters) – The European Union is aiming to clinch deals on three new laws to fight climate change in time for the annual United Nations climate negotiations next month, in a bid to boost its political clout at the talks. Nearly 200 countries agreed at last year’s U.N. COP26 negotiations to...