The Czech Republic, which holds the rotating presidency of the European Union, has backed calls by some member states to ban visas for Russian citizens across the bloc because of Russia’s invasion of Ukraine, Bloomberg reported. Czech Foreign Minister Jan Lipavsky said his government would seek consensus on the measure, which has so far won […]
Tag: Europe
‘Bells’ for Rhine River Level – Further significant drop expected
The level of the Rhine River is expected to drop well below a critical level over the weekend, leading to further disruptions in the transport of energy supplies on one of Europe’s most vital waterways, Bloomberg reported. The water level at the Kaib – a key crossing point west of Frankfurt – is set to […]
IEA: Russian oil production to fall by 20% when European embargo comes into effect
Russian oil production is set to fall by around 20% by early next year as an import ban from the European Union takes effect, according to Bloomberg citing the International Health Organization (IEA). Gradual monthly reductions will start as early as this month and will accelerate as the embargo takes effect, the IEA said in […]
Euro markets are up, yesterday’s rally is extending
Euro markets continued to move higher today as investors adjust their expectations for monetary policy after better-than-expected US inflation data released yesterday. In this climate, the pan-European Stoxx 600 gaining 0.44% to 441.80, with construction leading gains up 1% and materials falling 0.75. At the same time, the other pan-European Stoxx 50 increases by 0.44%. […]
Mixed signs on the euro markets after yesterday’s rally
LAST UPDATE: 12.51 Euro markets are mixed today as investors adjust their expectations for monetary policy following better-than-expected US inflation data released yesterday. In this climate, the pan-European Stoxx 600 gaining 0.08% to 440.23 points, with the oil and gas sector up 1.3% and the raw materials sector falling 0.7%. At the same time, the […]
Europe is expected to have a severe diesel shortage this winter
Northwest Europe is expected to welcome a dangerous winter with historically low amounts of diesel, a fuel that powers large parts of the economy, as noted by the Bloomberg agency. Inventories of motor diesel, heating oil and other diesel-type fuels in the region are set to shrink in November to the lowest level since early […]
Standard Chartered: European stocks short-circuit Putin’s energy weapon
Europe’s natural gas stockpile build is about nine weeks ahead of the same period last year, limiting the pressure Russian President Vladimir Putin can exert on his country’s exports. “EU natural gas stocks are still growing relatively strongly, despite the fact that Russia has reduced flows through the Nord Stream pipeline to just 20% of […]
The specter of recession in the US and Europe
Of Costa Rapti “Principle of wisdom, names you visit”? Or just a play on words to embellish a difficult reality? The US economy is slowing down, but not in recession. At least that’s what the Biden administration claims, focusing on two economic indicators: the fairly good state of the labor market and consumer spending. On […]
Iran – ‘nuclear’ deal: Europeans call on Tehran not to make unrealistic demands
European countries participating in the negotiations on Iran’s nuclear program (Britain, France and Germany/E3) are calling on Iran “not to make unrealistic demands outside the framework” of the 2015 deal, in a statement today. The remarks come a day after talks on Iran’s nuclear program resumed in Vienna, as Tehran calls for an International Atomic […]
EU: 1,000 sick and injured from Ukraine transferred to hospitals across Europe
To date, the EU has successfully coordinated the transfer of 1,000 Ukrainian patients through its Civil Protection Mechanism to provide them with specialist healthcare in hospitals across Europe. As the number of wounded in Ukraine rises day by day, local hospitals are struggling to keep up with the demand. At the same time, Poland, Moldova […]