european-economies
Top StoriesWhat Would Be the Impact of Russian Oil Sanctions in Europe?
Top StoriesItaly’s Draghi Calls for Common EU Response to Energy Costs
Top StoriesEU Ministers to Set Out on Long Road to Complete Banking Union
Top StoriesRussia Halts Gas to Poland, Bulgaria, Taking Aim at European Economies
Norway Seeks Solution to Looming EU Tax on Car Batteries
Date: April 26, 2022
By Nora Buli OSLO (Reuters) – Norway is hoping that access to key raw materials for battery production could be one bargaining chip as it seeks to avoid a customs tax for battery exports to the European Union, government ministers told Reuters. Under a trading agreement signed between Britain and the European Union in the...
EU Countries Edge Towards Deal to Share Out Emissions-Cutting Efforts
Date: April 21, 2022
By Kate Abnett BRUSSELS (Reuters) – European Union countries are edging towards a deal on how to share the burden of cutting greenhouse gas emissions within the EU, with states poised to accept national targets proposed by Brussels last year, according to diplomats and a draft document seen by Reuters. The EU’s “effort sharing” policy...
Euro Zone Trade Deficit Extends to Feb as Energy Import Burden Rises
Date: April 20, 2022
BRUSSELS (Reuters) – The euro zone suffered a trade deficit for a fourth consecutive month in February as surging energy prices led to a sharp increase in the value of energy imports, data showed on Wednesday. Eurostat said the non-adjusted trade deficit of the 19 countries sharing the euro was 7.6 billion euros ($8.2 billion)...
European Shares Fall as Ukraine Crisis, Fed Tightening Worries Weigh
Date: April 19, 2022
By Anisha Sircar (Reuters) -European shares were set for their worst day in nearly two weeks on Tuesday as worries about the war in Ukraine, aggressive monetary policy tightening by the U.S. Federal Reserve and a batch of upcoming earnings kept investors on edge. The pan-European STOXX 600 lost 0.8% after dropping 0.9% last week....
German Lawmakers Call for EU Ban on Russian Oil After Ukraine Visit
Date: April 13, 2022
BERLIN (Reuters) – The European Union should impose an embargo on Russian oil as soon as possible, the chairmen of three German parliamentarian committees said on Tuesday after a visit to Ukraine. German Foreign Affairs Committee Chairman Michael Roth said cutting Russian oil would be a very important signal because it would affect Russia’s main...
Germany Could End Russian Oil Imports This Year – Scholz
Date: April 8, 2022
By Andreas Rinke LONDON (Reuters) – Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signalling the urgency driving Europe’s biggest economy to wean itself off energy from Russia following its invasion of Ukraine. Scholz was responding to a journalist’s question about whether he felt a sense of shame that...