LAST UPDATE: 11.39 The main European stock markets are moving with positive signs as investors evaluate the monetary policy of the European Central Bank in the wake of yesterday’s interest rate hike. In particular, the pan-European Stoxx 600 rises 0.28% to 425.58 points while the other pan-European Stoxx 50 earns 0.20%. In the rest of […]
Tag: Europe
Europe: This year’s fires have already destroyed more land than all of 2021
The forest fires that have hit Europe in recent weeks, mainly in its western part hit by strong heat waves, have already destroyed more land than the areas affected in all of 2021, according to the European Information System for Forest Fires (EFFIS). In the 27 countries of the European Union, fires have destroyed a […]
Kremlin attack on Europe: ‘Russia remains a reliable gas exporter’
Kremlin spokesman Dmitry Peskov said today that all difficulties in supplying Europe with Russian natural gas are due to Western restrictions. Speaking to reporters by phone, Peskov said Russia remains “a very important and necessary part of European energy security.” Amid concerns in Europe that Russia could further cut gas supplies to the continent, Peskov […]
The gas flows, the crisis remains – Commerzbank
The gas is flowing again! But an acute energy crisis has not been avoided at allwrites Esther Reichelt, foreign exchange and emerging markets analyst at Commerzbank. Featured Comments “The EU yesterday requested a significant reduction in gas consumption of 15% over the next eight months and threatens mandatory rationing. But the EU continues to drive […]
Heat and fires in Europe – The US is preparing for record heat in many States
Firefighters, volunteers and emergency workers battled the blazes in many parts of southern Europe today, amid mass evacuations and warnings that the fight against climate change must be stepped up after London recorded its hottest day in its history. The heat wave, with the mercury soaring above 40 degrees Celsius, has settled in southern and […]
German press: Europe in the grip of fires and heat
Europe in the grip of fires and heat. What came out of the tripartite in Tehran. Refugee charter flights all inclusive in the pages of the German press. Fires, fiery days, tropical nights. The German press captures indescribable images of a summer in Europe in a state of emergency due to extreme climate conditions. “Warning […]
Reuters: Russia to resume natural gas flows after Nord Stream maintenance ends
Natural gas flows through the Nord Stream 1 pipeline are expected to restart on time on Thursday after maintenance work ends, two sources with knowledge of the matter told Reuters. The pipeline, through which 1/3 of Russian gas exports to the European Union passes, was shut down for ten days for maintenance work starting on […]
The IMF warns of a strong blow to central Europe if natural gas is cut off
A possible cut-off in Russian natural gas flows would plunge Hungary, Slovakia, the Czech Republic and Italy into deep recession unless they step up cooperation on alternative supplies, the International Monetary Fund warned today. In particular, IMF researchers blogged that some countries could face shortfalls of up to 40% of their normal consumption in the […]
WHO to Europe on coronavirus: Take action now to avoid a tougher fall
With Omicron’s BA.5 sub-variant leading the new wave of Covid-19 in Europe, countries must speed up vaccination and reintroduce measures such as mask use to avoid the need for stricter measures in autumn and winter, he warns Hans Kluge, Regional Director for Europe of the World Health Organization. In an interview with Reuters, Hans Kluge […]
EU: European Commission does not expect Nord Stream to resume – WSJ
The Commissioner for Budget and Administration of the European Union (EU), Johannes Hahn, said on Tuesday that The European Commission does not expect gas supplies to Europe from Russia via the Nord Stream pipeline to resume from this Thursdayaccording to the Wall Street Journal (WSJ). Hahn has said: “We work with the hypothesis that it […]