Page 6 - Europe Economy

European Union, India to set up trade, technology council: EU chief Ursula

Both sides agreed that rapid changes in the geopolitical environment highlight the need for joint in-depth strategic engagement

Sanctions on Russia can be revoked, if Moscow changes behaviour: US

Western sanctions on Moscow have contributed to the price pressures, which are hitting the poorest countries the hardest

Inflation in 19 nations using euro soars to record 7.5% in March

Inflation in the eurozone has been setting records for months and is at its highest level since recordkeeping for the euro began in 1997

European stocks set for biggest quarterly drop since 2020

The MSCI World Equity index was down 0.3% on the day, while Europe's STOXX 600 eased 0.2% to sit just below a one-month high hit on Tuesday

Covid, conflict and China

For the countries of Europe, the conflict poses existential questions

ECB pushes on with stimulus exit, hikes inflation forecasts for 2022-24

February's record 5.8 per cent inflation rate and the prospect of an even higher reading in March intensified pressure on the bank to act in line with its inflation-busting mandate

Europe faces pressure to join boycott of Russian oil and gas

The 27-member European Union faces far more economic pain from the war and resulting sanctions than the U.S. true above all when it comes to the oil and gas that powers vehicles

The cost of war: Oil has wildest week on record; dollar highest since 2020

Europe's common currency fell to as low as $1.0973 as traders weighed the impact of Russian sanctions on the European economy

Ukraine crisis puts euro on course for worst week in two years

Euro fell to $1.1008 in early Asia trade, its weakest since May 2020, following news Ukraine's Zaporizhzhia nuclear power plant was on fire after an attack by Russian troops

Ukraine war raises spectre of Russia's first external debt default

Russia has never defaulted on sovereign hard currency debt, but reserve freeze, severed financial ties, politics pose risk ; Moscow has stopped payments on local sovereign bonds already

Stocks make small gains but Ukraine crisis keeps investors cautious

Oil prices surged, with Brent crude touching $113.02 - its highest since 2014 - and U.S. crude coming close to passing its 2013 peak

European stocks slip, oil passes $110, as Ukraine crisis continues

European stock indexes were in their second day of falls, with the STOXX 600 down 0.7% at 0857 GMT, while Germany's DAX was down 1.2% on the day

European stocks slip, oil passes $110, as Ukraine crisis continues

European stock indexes were in their second day of falls, with the STOXX 600 down 0.7% at 0857 GMT, while Germany's DAX was down 1.2% on the day

Euro tests support as Russia-Ukraine crisis threatens economic growth

The common currency briefly fell below support to touch a 21-month low of $1.1090 overnight, before recovering a slightly to last trade at $1.1114

Euro testing support as Russia-Ukraine crisis looms large over growth

The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine's cities and a surging oil price raised investor concerns about a hit to Europe's economy and growth

European shares plunge as investors assess Russia-Ukraine crisis

STOXX eyes lowest level in four months, tech stocks drop 2.5%; Valneva up on vaccine manufacturing grant in Scotland

Now or never: European banks strive for comeback against Wall Street

European lenders lost ground to US rivals during the pandemic because volatile markets boosted the earning power of US banks' outsized trading arms.

Bulgaria now Europe's 6th poorest country with GDP per capita at 12.77 euro

A brief overview of the poorest countries in Europe, measured as gross domestic product per capita converted into euros.

European stocks climb on investor optimism over economic growth

The Stoxx 600 Europe Index added 0.2% by 8:05 a.m. in London, with miners, consumer products and technology sectors outperforming.

World shares mixed after retreat on Wall Street

Shares were higher in Europe on Monday after a retreat in Asia, where some markets including those in Tokyo and Shanghai were closed for holidays. London was also closed for the May Day holiday. Hong Kong and Seoul declined while Paris and Frankfurt advanced. US futures were higher. Oil prices were mixed and the yield on the 10-year Treasury note was steady at 1.62 per cent. Markets have mostly climbed in recent weeks as investors remain optimistic that the pandemic is slowly and steadily coming to a close, at least in the United States. Germany's DAX climbed 0.6 per cent to 15,226.91 while the CAC 40 in Paris was 0.5 per cent higher, at 6,298.02. The futures for the S&P 500 and the Dow industrials were up 0.5 per cent. The global recovery from the pandemic remains uneven. In much of Asia and many other countries, coronavirus caseloads have surged while vaccination levels remain low. Hong Kong's Hang Seng lost 1.3 per cent to 28,357.54 and the Kospi in South Korea slipped 0.7 pe