european-economies
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European Governments Spend Half a Trillion Euros on Energy Crisis – Report
Date: September 21, 2022
By Kate Abnett BRUSSELS (Reuters) -Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday. Months of surging prices have seen governments roll out measures to curb retail power prices, slash energy...
Europe Burns Cash to Help Businesses in Deepening Energy Crisis
Date: September 21, 2022
By Kirsti Knolle, William James and Anne Kauranen BERLIN/LONDON/HELSINKI (Reuters) -Germany nationalised gas importer Uniper on Wednesday and Britain capped wholesale electricity and gas prices for businesses, as Europe splurged cash to keep the lights and heaters on this winter amid an escalating war in Ukraine. Russian President Vladimir Putin added to the energy price...
European Governments Spend Half a Trillion Euros on Energy Crisis – Report
Date: September 21, 2022
By Kate Abnett BRUSSELS (Reuters) – Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday. Months of surging prices have seen governments roll out measures to curb retail power prices, slash...
Europe Pays up to Grab Russian Diesel Ahead of Difficult Winter
Date: September 20, 2022
By Rowena Edwards LONDON (Reuters) – European diesel buyers are willing to pay more for Russian cargoes than they were in May, as traders look to get their hands on supplies ahead of a difficult winter and global shortage of the fuel, industry sources said. The European Union will stop buying all Russian crude oil...
Europe Props up Energy Firms Amid Liquidity Crunch
Date: September 13, 2022
FRANKFURT/OSLO (Reuters) – More European energy companies have secured extra funds from governments and banks as soaring gas and power prices following Russia’s invasion of Ukraine have driven up margin call requirements and burnt up their cash. Several European governments had already announced measures to provide loans and guarantees to cash-strapped companies, before the European...
European Shares Rise as Deal Cheer Lifts Aveva, Schneider
Date: September 13, 2022
By Shreyashi Sanyal (Reuters) -European shares rose for a fourth straight session on Tuesday, with Aveva jumping on a report that France’s Schneider was nearing a deal to buy out the company. The pan-European STOXX 600 index had risen 0.3% by 0825 GMT, touching levels not seen in more than two weeks. Shares of British...