european-economies
InvestingRussia’s Novak Warns of Oil Shortage in Europe Due to Import Ban
Top StoriesDenmark Votes on Closer EU Defence Ties on Russia Concerns
Top StoriesBank of Spain Sees EU GDP Hit by up to 4.2% if Russia Imports Banned
Top StoriesSwiss Economic Expansion Set to Slow but Not Stall – Gov’t
Russian Gas Flows to Europe Fall as Russia’s Gas Cuts Escalate
Date: May 31, 2022
(Reuters) -Russian gas flows to Europe directly to Germany and via Ukraine fell on Tuesday morning with Moscow escalating its cuts to European supply as it halted delivery to Dutch trader GasTerra. Requests for Russian natural gas flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea fell to 65,146,776 kilowatt hours...
Zelenskiy Chides EU for Failing to Agree on Russian Oil Import Ban
Date: May 30, 2022
By Sabine Siebold and John Chalmers BRUSSELS (Reuters) -EU leaders on Monday made clear they would fail to agree on a Russian oil import ban at a summit in Brussels, prompting swift criticism from Ukrainian President Volodymyr Zelenskiy who chastised them for being too soft on Moscow. The European Union has rolled out five packages...
European Shares Rise as Luxury Stocks Shine on China Hopes
Date: May 30, 2022
By Susan Mathew (Reuters) -European shares scaled over three-week highs on Monday as easing COVID-19 restrictions and new stimulus in China helped carry on last week’s optimism, while investors looked for more economic data this week, including German inflation. Authorities in China’s commercial hub of Shanghai will cancel many conditions for businesses to resume work...
Europe, Asia Gas Buyers Switching to Long-Term Supplies to Beat Volatile Prices
Date: May 25, 2022
By Florence Tan and Joyce Lee DAEGU, South Korea (Reuters) – Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will reverse the last decade’s trend of increasing spot purchases. Fears of disruptions in Russian...
European Executives’ Confidence Plunges on Ukraine Crisis – Survey
Date: May 24, 2022
(Reuters) – The Russia-Ukraine crisis and soaring energy prices have nearly halved the confidence of European business leaders in the first half of the year and many corporations have passed on the costs to consumers, an industry survey showed on Tuesday. The executives’ confidence plunged to 37 on a scale of 0 to 100 from...
Hungary Must Work With EU on Russian Oil Embargo – German Economy Minister
Date: May 23, 2022
DAVOS (Reuters) -German Economy Minister Robert Habeck has warned Hungary against blocking efforts to impose an European Union-wide embargo on Russian oil imports in response to the war in Ukraine. “There are different solutions for different countries,” Habeck said at the World Economic Forum in Davos on Monday. “I expect everyone, including Hungary to work...