Germany’s much-vaunted trade surplus disappears as import prices surge
Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia’s invasion of Ukraine. Picture Alliance | Picture…
Europe News
Finland and Sweden move a step closer to NATO membership with accession sign-off
Sweden and Finland have taken another step in joining NATO, meaning only a formal ratification of their accession agreement is now left. Anadolu Agency | Anadolu Agency | Getty…
Americans hoping for European vacations this summer should prepare for one thing: chaos
Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Delays, cancellations and strikes.…
The G-7 is considering a price cap on Russian oil. But energy analysts think it’s impossible
The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be. Picture Alliance | Picture Alliance | Getty Images The world’s…
Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years
The ECB has announced it will be hiking rates in July and September to counter record inflation. Daniel Roland | Afp | Getty Images Euro zone inflation reached a new record high…
Forget rate hikes, these analysts are predicting interest rate cuts next year
Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central…
EU agrees on landmark regulation to clean up crypto ‘Wild West’
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured…
ECB’s chief economist sees double-sided risk of spiraling inflation and an economic slowdown
Philip Lane, chief economist of the European Central Bank. Bloomberg | Bloomberg | Getty Images European Central Bank Chief Economist Philip Lane said the Frankfurt institution…
Electrode maker De Nora ‘not scared’ about volatility as it braves IPO
De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora…
Lagarde plays down recession risks, says ECB is ready to ‘move faster’ on rates if needed
European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed. Handout | Getty Images News | Getty Images European Central Bank…
Greeks fear another recession, just four years after the country exited its controversial bailout
Workers demonstrate against soaring cost of living in central Athens earlier this year. Louisa Gouliamaki | Afp | Getty Images Nearly four years after Greece celebrated the end of…
World’s most livable cities: Vienna climbs back to its No. 1 spot. These are the biggest decliners
Vienna ranked first in 2018 and 2019, but was overtaken by Auckland, New Zealand, during the pandemic and slipped to 12th place in 2021, according to the Global Liveability Index…
The race to make green hydrogen competitive is on. And Europe is building industrial-scale electrolyzers to help
One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a…
European leaders formally accept Ukraine as a candidate to join the EU
EU Commission President Ursula von der Leyen (l) speaks at a joint press conference with Volodymyr Zelenskyy, President of Ukraine. Michael Fischer | Picture Alliance | Getty…
European Central Bank to create new tool to address fragmentation risk after bond yields surge
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images The…
European Central Bank announces emergency meeting to discuss market rout
Christine Lagarde, President of the European Central Bank. The central bank has scheduled a last-minute meeting amid rising bond yields. Daniel Roland | Afp | Getty Images The…
Europe’s fear gauge just hit its highest level since May 2020
Italian borrowing costs are surging at a time when consumers are turning more worried about the cost of living crisis. Stefano Guidi | Getty Images News | Getty Images A measure…
Zelenskyy hails troops as chemical plant sheltering civilians hit in eastern Ukraine
Ukrainian President Volodymyr Zelenskyy speaks on June 6, 2022. As bitter fighting raged in the city of Sievierodonetsk, Ukraine’s president hailed his country’s…
OECD slashes global growth prediction on Ukraine war and China’s zero-Covid policy
The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 — a 1.5 percentage point downgrade from a projection done in December. Nurphoto | Nurphoto |…
Ukraine wants to join the European Union. But it is not going to be easy
Ukraine has requested to become a member of the EU, but the process is likely to take some time and it is unclear if there is a broad support to accept several new nations in the…
George Soros says Russia’s gas storage is almost full — and Europe should hold its nerve
Russian President Vladimir Putin delivers a speech during a ceremony honouring the country’s Olympians and Paralympians at the Kremlin in Moscow, Russia April 26, 2022. …
China and Europe are leading the push to regulate A.I. — one of them could set the global playbook
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech,…
China and Europe are leading the push to regulate A.I. — one of them could set the global playbook
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech,…
European Central Bank member says to expect first rate hikes this summer
Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg |…
Vaccinated and tested, the rich and powerful descend on the snowless hills of Davos
The World Economic Forum is returning to Davos in May after cancelling previous meetings because of the coronavirus pandemic. Fabrice Coffrini | Afp | Getty Images The rich,…
EU to pressure China at virtual summit over its stance on Russia-Ukraine war, sources say
Russian President Vladimir Putin (L) and Chinese President Xi Jinping. Alexei Druzhinin | Afp | Getty Images The European Union wants to put pressure on China to be neutral with…
Putin should think about the consequences of asking for energy payments in rubles, Germany says
Germany has some advice for Russian President Vladimir Putin: think about the consequences of asking for energy payments in rubles. Russia’s Putin said last week that…
EU leaders send a message to China: Use your leverage to stop Putin
Italy’s Prime Minister Mario Draghi speaking to journalists in Brussels. Aris Oikonomou | Afp | Getty Images BRUSSELS, Belgium — EU leaders had one message for Beijing as…
European Union unlikely to impose an oil embargo on Russia, sources say
A general view of oil tanks in the Transneft-Kozmino Port near the far eastern town of Nakhodka, Russia. Yuri Maltsev | Reuters The European Union is unlikely to impose an…
NATO should intervene if Russia uses weapons of mass destruction, Estonia’s chief of defense says
Members of Estonian army during military training together with United Kingdom soldiers at Central Training Area on February 8, 2022 in Lasna, Estonia. Paulius Peleckis | Getty…