european-economies
Top StoriesEuro Zone Swings to a Rare Current Account Deficit in March
Top StoriesEuropean Shares Inch Lower on Inflation Worries
Top StoriesIsrael Ramping up Gas Output, Looks to Help Supply Europe
Top StoriesMalta Retains Top Spot for ‘Rainbow Europe’ Rights, Say Activists
Snam Signs Deal With Enagas to Study Spain-Italy Gas Pipeline
Date: May 12, 2022
MILAN (Reuters) – Italian gas group Snam said on Thursday it had signed an agreement with Spain’s Enagas to look into the idea of building an offshore gas pipeline between the two countries. The move comes as Europe scrambles to diversify its supply mix and wean itself off Russian gas following Moscow’s invasion of Ukraine....
EU Must Heed Greece, Malta, Cyprus Concerns on Oil Ban – Cyprus
Date: May 6, 2022
ATHENS (Reuters) – Cyprus, Greece and Malta expect the European Union to take into account their concerns over a planned EU ban on transporting Russian oil, as the bloc hammers out the details of its proposed embargo on Russian crude, Cyprus’s president said on Friday. Brussels outlined embargo plans this week as part of its...
Europe Sees Travel Recovery as Covid Restrictions Ease
Date: May 6, 2022
By Paul Sandle and Tim Hepher LONDON/DUBLIN (Reuters) – European airlines and hotel chains are seeing bookings recover to levels not seen since before the COVID-19 pandemic, led by demand for shorter trips, although travellers remain cautious about making long-distance journeys. The pandemic led to international travel virtually shutting down as governments around the world...
Explainer-Why the EU May Find It Tough to Squeeze Out Russian Oil
Date: May 5, 2022
By Rowena Edwards and Bozorgmehr Sharafedin LONDON (Reuters) – The European Union has proposed a phased embargo of Russian oil but could find it tricky to implement, given Europe’s complex distribution network and challenges in tracking crude once it is blended or refined. The plan, if agreed by member states, would take effect in six...
China’s Covid Controls Makes EU Firms Consider Shifting Investments – Chamber
Date: May 5, 2022
SHENZHEN, China (Reuters) -European businesses in China are increasingly looking to shift their investments to other markets due to the country’s strict COVID-19 containment measures and supply chain disruptions, the European Chamber of Commerce in China said on Thursday. A member survey found that almost a quarter of respondents were considering moving current or planned...
Bae Sees Opportunity From Higher European Defence Budgets
Date: May 5, 2022
LONDON (Reuters) -Britain’s BAE Systems said it saw opportunities in the medium term from increased defence spending in Europe and other markets as it reported first-quarter trading in line with expectations, with good operational performance maintained. “We see opportunities to further enhance the medium-term outlook as our customers address the elevated threat environment,” Chief Executive...