Europe

Europe may need over 100 extra gas cargoes to refill shrinking stocks

EU gas storage sites have emptied faster this year than in recent winters and are currently 59% full, according to the latest data from Gas Infrastructure Europe

Wake up, spend more on defence, Macron tells Europe as Trump takes office

French President Emmanuel Macron called on Europe Monday to wake up and spend more on defence in order to reduce its reliance on the United States for its security, in a speech to the French military as Donald Trump returns to power. Macron referred to expected changes in Washington's foreign policy, especially regarding the war in Ukraine, saying it was an opportunity for a European strategic wake-up call, in his New Year's speech to the military at the Army Digital and Cyber Support Command based in western France. What will we do in Europe tomorrow if our American ally withdraws its warships from the Mediterranean? If they send their fighter jets from the Atlantic to the Pacific? he asked. Trump has criticised the cost of the war in Ukraine for US taxpayers through major military aid packages and has made it clear that he wants to shift more of the fiscal burden onto Europe. He has vowed to bring the conflict to a swift end, voicing hope that peace could be negotiated in six ...

European nuclear projects need de-risking to attract investors: IEA chief

Pvt sector started to invest more in nuclear in 2024 to cover growing electricity demand for data centres and artificial intelligence, but long delays and cost overruns for recent projects have hurt

Amid competition & delays, Volkswagen faces another year without new EVs

The manufacturer's deliveries risk slumping again because its namesake VW brand doesn't have a new electric car coming in 2025

Boeing's aircraft deliveries, orders in 2024 reflect company's rough year

Boeing delivered less than half the number of commercial aircraft to customers than its European rival in 2024 as the American aerospace giant's output suffered under intensified government scrutiny and a factory workers' strike, according to data released Tuesday. Boeing said it supplied 348 jetliners during the year. That was more than a third fewer than the 528 the company finished for airlines and leasing outfits in 2023 and less than half the number of jetliners that Airbus delivered last year. Deliveries are an important source of cash for plane manufacturers since buyers typically pay a large portion of the purchase price when their orders are fulfilled. More than three-quarters of the planes that Boeing furnished were 737 Max jets, a stark reminder of how integral its best-selling airline model has been to the company's fortunes and challenges. Boeing has lost money since 2019 following the crashes of two then-new Max jets that killed 346 people. The company expected to ram

Meeting Trump's military spending goals not easy: European defence firms

The defence ministers of Europe's five top military spenders said Monday they want to continue increasing their investments in defence but described meeting President-elect Donald Trump's challenge for them to raise spending to 5 per cent of their overall economic output as complicated. The defence ministers of Germany, France, Britain, Italy and Poland came together near Warsaw for a meeting in a new format that they established after Trump was re-elected last year. Their first meeting in this format of five NATO members was held in Berlin in late November. The five are seeking ways to maintain their support for Ukraine as US policy is expected to shift when Trump takes power. They also discussed how to strengthen Ukraine's own weapons production capacity. The German minister, Boris Pistorius, stressed at the start of the meeting that they all support a just peace for Ukraine, one in which Kyiv has a say over its fate. There are concerns in Europe that Trump could push Ukraine to .

Global EV sales jump 25% in 2024 as China leads and Europe stabilises

Incentives and emission targets pushed EV sales in China and aided Britain in overtaking Germany as Europe's biggest battery-electric market in 2024

Europe threatens to trigger a global scramble for natural gas supplies

While Europe has enough gas reserves to get through this winter and prices have eased since the start of the year, inventories are being eroded by cold weather

Trump's words on borders ring alarms in Europe, but gets guarded response

President-elect Donald Trump has tossed expansionist rhetoric at US allies and potential adversaries with arguments that the frontiers of American power need to be extended into Canada and the Danish territory of Greenland, and southward to include the Panama Canal. Trump's suggestions that international borders can be redrawn by force if necessary are particularly inflammatory in Europe. His words run contrary to the argument European leaders and Ukrainian President Volodymyr Zelenskyy are trying to impress on Russian President Vladimir Putin. But many European leaders who've learned to expect the unexpected from Trump and have seen that actions don't always follow his words have been guarded in their response, with some taking a nothing-to-see-here view rather than vigorously defend European Union member Denmark. Analysts, though, say that even words can damage US-European relations ahead of Trump's second presidency. A diplomatic response in Europe Several officials in Euro

Musk holds discussions with Germany's 'far-right' leaders ahead of polls

Tech billionaire Elon Musk live-streamed a chat with a leader of Germany's far-right party on Thursday, using the power of his social media platform, X, to amplify its message ahead of an upcoming national election and raising concerns across Europe about potential meddling by the world's richest man. Musk, who worked last year to help reelect Donald Trump in the United States, told Alice Weidel, a co-leader of the Alternative for Germany party and its candidate for chancellor, that he was strongly recommending that people vote for AfD, using the acronym for the party. The two agreed that Germany's taxes are too high, that there is too much immigration and that it was a mistake for the country to shut down nuclear power plants. More than 190,000 X accounts tuned into the conversation. Musk has previously used X to endorse AfD, and he authored an article for the Welt am Sonntag newspaper, claiming Germany under center-left Chancellor Olaf Scholz is teetering on the edge of economic

Musk takes slash-and-burn style to Europe after bolstering Donald Trump

It's far from clear what his motivations may be in trashing relations with core US allies in fellow Group of Seven nations where he has significant business interests

Abhishek Bachchan to join European T20 Premier League as co-owner

ETPL is a privately-owned franchise tournament in partnership with three member cricket nations-Ireland, Scotland, and the Netherlands

Euro zone economy ended 2024 in fragile state as activity contracted: PMI

Headline index was boosted by the bloc's dominant services sector, whose PMI bounced back above breakeven to 51.6 from November's 49.5, but was weighed down by a sharper decline in factory activity

Will resign after coalition talks fail: Austrian Chancellor Karl Nehammer

His announcement on Saturday came a day after the liberal Neos party withdrew from the negotiations with Nehammer's conservative People's Party (OVP) and the Social Democrats (SPO)

Blinken heads to Asia, Europe on last expected trip as top US diplomat

US Secretary of State Antony Blinken will embark on what is expected to be his final overseas trip in office this weekend, travelling to South Korea, Japan and France. The State Department announced Friday that Blinken would visit Seoul, Tokyo and Paris beginning Sunday. He will return to Washington early Thursday in time to attend the funeral services for former president Jimmy Carter, officials said. In South Korea, which is in the midst of a political turmoil following the impeachment of President Yoon Suk Yeol, and Japan, Blinken intends to highlight the expansion of US cooperation with both nations as part of the Biden administration's Indo-Pacific strategy. That strategy is primarily intended to blunt Chinese ambitions in the region but also to deter the nuclear threat from North Korea. Political developments in South Korea, however, after Yoon declared martial law and was later impeached, have raised questions about the stability of Washington-Seoul relations. The US has tak

Europe, Asia's factories end 2024 on weak footing as Trump 2.0 risks mount

U.S. President-elect Trump has pledged to impose tariffs across the board, with bigger barriers on imports from three major trading partners - Mexico, Canada and China

Asian LNG prices set to increase after Russia-Ukraine transit ends

Ukraine hopes increased supply of gas from the US and other producers to Europe will make prices more comfortable

Montenegro shooting: 10 dead, including family members; suspect on run

Police have launched a manhunt for Martinovic and have blocked all roads in the area to apprehend the suspect

Europe's Russian gas era comes to an end as Ukraine transit stops

Russia's oldest gas export route to Europe - a pipeline dating back to Soviet days - was set to shut at the end of 2024, as a five-year transit deal between Russia and Ukraine expires

South Korea plane crash: Experts flay runway design; airport embankment

All 175 passengers and four of the six crew were killed when a Jeju Air Boeing 737-800 belly-landed and skidded off the end of the runway