european-economies
Top StoriesAnalysis – Russian Gas Flow Too Low to Fill Europe’s Storage
Top StoriesAnalysis-Europe’s Diesel Drivers Bound for More Russian Price Pain
Top StoriesAnalysis-Europe’s Banks Brace for Bumpy Ride After Cheap Money Decade
Top StoriesAnalysis: Ukraine War Rekindles Europe’s Demand for African Oil and Gas
European Shares Jump Over 1% as Cyclicals Advance
Date: July 18, 2022
By Susan Mathew (Reuters) -European shares hit three-week highs on Monday, tracking gains in global equities, even as investors are seen staying cautious ahead of a European Central Bank policy meeting and a scheduled resumption of Russian gas flows via the Nord Stream 1 pipeline. The pan-European STOXX 600 index rose 1.4% in broad-based buying,...
Europe ‘shot Itself in the Lungs’ With Sanctions on Russia, Orban Says
Date: July 15, 2022
BUDAPEST (Reuters) – The European Union has “shot itself in the lungs” with ill-considered economic sanctions on Russia, which, unless rolled back, risk destroying the European economy, Hungarian Prime Minister Viktor Orban said on Friday. Gas supplies to Europe have tightened and fuel costs have soared since Russia’s invasion of Ukraine in February and subsequent...
Energy Supply Crunch, Covid Woes Weigh on European Stocks
Date: July 11, 2022
By Susan Mathew (Reuters) – European shares fell on Monday, gripped by investor concerns over energy supply crunch, while fresh COVID-19 cases in China and the discovery of a new coronavirus variant dented commodity-linked stocks. Nord Stream I, the biggest single pipeline carrying Russian gas to Germany, starts annual maintenance on Monday. Flows are expected...
Europe on Edge as Nord Stream Russian Gas Link Enters Shutdown
Date: July 11, 2022
By Nina Chestney and Vera Eckert LONDON/FRANKFURT (Reuters) – The biggest single pipeline carrying Russian gas to Germany began annual maintenance on Monday, with flows expected to stop for 10 days, but governments, markets and companies are worried the shutdown might be extended because of the war in Ukraine. The Nord Stream 1 pipeline transports...
Protests Block North Macedonia’s Capital Over Bulgaria, EU Compromise
Date: July 8, 2022
By Fatos Bytyci SKOPJE (Reuters) – Streets in Skopje, North Macedonia, were brought to a standstill on Friday because of protests against a proposed compromise deal with Bulgaria that would finally allow the Balkan country to begin long-awaited European Union membership talks. On Friday hundreds of people parked their vehicles around government buildings in central...
Putin: Sanctions Risk Causing Energy Price Catastrophe for West
Date: July 8, 2022
MOSCOW (Reuters) – President Vladimir Putin said on Friday that continued sanctions against Russia could lead to catastrophic energy price rises for European households. Europe has historically relied on Russia for around 40% of its natural gas, most of it delivered through pipelines. “We know that the Europeans are trying to replace Russian energy resources,”...