Page 35 - Europe

Euro's use in international payments at 3-year low, Yuan's at 5 month high

Data from the Society for Worldwide Interbank Financial Telecommunications, or SWIFT, showed the proportion of cross-border transactions involving Europe's common currency fell to 31.74%

NATO's 'reckless' expansion harms talks on European security: Russian FM

"The situation in the Organisation for Security and Cooperation in Europe is "deplorable" and "continues to worsen due to the unwillingness of NATO members to moderate their ambitions," he added

Five on trial in Germany over plot to kidnap health minister, topple govt

Five people go on trial in Germany on Wednesday accused of planning a far-right coup and plotting to kidnap the country's health minister. The four men, aged 44 to 56, and a 75-year-old woman are accused of founding or being members of a terrorist organisation and treason. Federal prosecutors say the group is linked to the Reich Citizens scene that rejects the legitimacy of Germany's postwar constitution and has similarities to the Sovereign Citizens and QAnon movements in the United States. Prosecutors say they intended to create conditions similar to civil war by using explosives to cause nationwide blackouts, then kidnapping Health Minister Karl Lauterbach a prominent advocate of strict coronavirus measures. There were no indications the group, which called itself United Patriots, was close to launching a coup. But prosecutors said the group's procurement of weapons and money showed they were "dangerous criminals who wanted to implement their plans. The men, whose names weren'

Russia's parliament denounces Europe's Treaty on Conventional Armed Forces

Russia's lower house of parliament, the State Duma, has formally denounced the Treaty on Conventional Armed Forces in Europe (CFE), according to a statement published on its website

Will visit UK on Europe tour to seek military aid: Ukrainian prez Zelenskyy

President Volodymyr Zelenskyy will visit Britain on Monday, as the staunch ally of Ukraine prepares to give more military aid in an effort to change the course of the war. It will be the fourth European country Zelenskky has visited in the past few days. He made an unannounced visit to Paris on Sunday evening to meet French President Emmanuel Macron, after trips to Germany and Italy, where he met those countries' leaders and Pope Francis. A message posted Monday on Zelenskyy's official Telegram Channel said: "Today London. The UK is leading the way when it comes to expanding our capabilities on the ground and in the air. This cooperation will continue today. I will meet my friend Rishi. We will conduct substantive negotiations face-to-face and in delegations. Sunak's office confirmed the two leaders would meet at Chequers. the prime minister's country retreat outside London. The U.K. has become one of Ukraine's major military allies. Last week Britain announced it was sending Ukr

China, Russia increasing military collaboration, Japanese minister warns

Japanese Foreign Minister Yoshimasa Hayashi expressed concern on Saturday about Russian and Chinese military cooperation in Asia and said the security situation in Europe could not be separated from that in the Indo-Pacific region since Moscow's full-scale invasion of Ukraine. Speaking at a meeting of European and Indo-Pacific foreign ministers in Sweden, Hayashi said Russia's war in Ukraine had shaken the very foundation of the international order and must face a united response by the international community. Otherwise, similar challenges will arise in other regions and the existing order which has underpinned our peace and prosperity could be fundamentally overturned, Hayashi said. Japan firmly backs Ukraine in the war but China says it remains neutral while declaring a no limits relationship with Moscow and blaming the US and NATO for provoking the conflict. Japanese Prime Minister Fumio Kishida visited the Ukrainian capital, Kyiv, in March at the same time as Chinese President

European tour issues more fines for 26 players who competed for LIV

Equipped with a favorable court ruling, the European tour has expanded its sanctions against players who competed in LIV Golf or Asian Tour events without permission over eight months. The tour already has issued fines of 100,000 pounds ($125,000) to 17 players who played in the first two LIV Golf events outside London and Portland, Oregon. Now it is going after 26 players with fines that range from 12,500 pounds to 100,000 pounds for each tournament they played without a release. The amount depends on what the tour deems caused a negative effect on the European tour. Players also could face suspensions up to eight regular European tour events on the schedule if they pay their fines and remain members. Any suspension would not start until the Porsche European Open in Germany on June 1-4. Sergio Garcia was the only player who did not pay the initial fine. Garcia, Lee Westwood, Ian Poulter and Richard Bland resigned their memberships last week. Henrik Stenson told Golf Digest he ha

Electric bikes are breaking through in Germany, Europe's carmaking capital

Battery-powered two-wheelers will outsell traditional bikes in Germany for the first time in 2023, according to projections from the country's industry group

Europe to build satellite constellation akin to SpaceX's Starlink: Report

A group of European space and telecommunications players have come together to form a partnership to bid on the European Commission's IRIS2 multi-orbit secure satellite constellation

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Europe's gas crunch could return as Goldman Sachs sees winter spike

Europe was saved this winter by mild weather and weak demand for LNG by China, but it's uncertain whether those conditions will last

Europe's inflation inches up ahead of central bank's interest rate decision

Europe's painful inflation inched higher last month, extending the squeeze on households and keeping pressure on the European Central Bank to unleash another large interest rate increase. Consumer prices in the 20 countries using the euro currency jumped 7 per cent in April from a year earlier, just down from the annual rate of 6.9 per cent in March, the European Union statistics agency Eurostat said on Tuesday. Food prices eased a little, falling to an annual 13.6 per cent from March's 15.5 per cent, while energy prices rose a more modest 2.5 per cent. Core inflation, which excludes volatile food and fuel, slowed slightly but was still high at 5.6 per cent, underlining the expectation that the ECB will press ahead with its campaign to beat inflation into submission with rate hikes. The question is: How quickly will the bank go? Analysts say the ECB's meeting on Thursday in Frankfurt could end in an increase of a quarter- or a half-percentage point. A quarter-point hike would be a

Biocon Biologics facility gets EU GMP certification for Bevacizumab

Biotechnology major Biocon on Friday said the Bengaluru-based plant of Biocon Biologics has received EU GMP approval for a biosimilar product. Biocon Biologics' facility has received a certificate of GMP compliance for Bevacizumab from the representative European inspection authority -- Health Products Regulatory Authority (HPRA), Ireland. Bevacizumab is indicated for the treatment of various types of cancers and a specific eye disease. "This approval reflects Biocon Biologics compliance with the highest international regulatory standards and enables the company to continue addressing the needs of patients in the EU," a company spokesperson said in a statement. This (B3) facility, which is one of India's largest monoclonal antibodies (mAbs) manufacturing facilities, had received the EU GMP Certification for manufacturing biosimilar Trastuzumab last year, the spokesperson said. Biocon Biologics is a subsidiary of Biocon Ltd.

Europe's economy barely gains momentum as inflation pinches consumers

The European economy scraped out meager growth in the first three months of the year, barely gaining momentum as stubborn inflation raises the price of groceries and erodes people's willingness to spend paychecks that are failing to keep pace. Friday's less-than-stellar increase of 0.1 per cent from the previous quarter follows disappointing growth estimates from the US, which kept alive fears of a looming recession in the world's largest economy. The 20 countries that use the euro currency picked up a little speed from January through March after zero growth in the last three months of 2022. The eurozone avoided a winter recession thanks to mild weather that alleviated pressure on natural gas supplies. European governments and utilities also scrambled to line up additional sources to heat homes, generate electricity and power factories after Russia cut off most of its supply to the continent over its war against Ukraine. Germany, Europe's largest economy, turned in disappointing z

Expect India to be Citroen's biggest growth driver outside Europe: CEO

French automaker Citroen expects India to be its biggest growth driver outside Europe as it looks to have 30 per cent of its total sales coming from international markets outside the continent by 2025, its global CEO Thierry Koskas said on Thursday. The company, which unveiled its all-new mid-sized SUV C3 Aircross, will introduce another new product next year as it seeks to have a presence in the core segments of the Indian market. "India is a key pillar of the Citroen strategy. It is a market that could very soon reach 5 million units (annually). We want to grow 30 per cent of our sales outside Europe (by 2025). India is a key pillar for that amongst other regions, like for example Latin America," Koskas told PTI here in an interview. At the moment, he said, "It (India) is a very significant operation and probably that will become more and more significant in the years to come". When asked about the sales targets in India, he said, "We do not communicate on numbers, but I can tell

Xis effort to counter US narrative falters after China envoy angers Europe

In a statement Monday night, the Chinese embassy in Paris said that Lu gave "an expression of personal points of view" that shouldn't be "over-interpreted"

China affirms ex-Soviet nations' sovereignty after European backlash

The Chinese government said Monday it respected the sovereignty of former Soviet Union republics after Beijing's ambassador to France caused an uproar in Europe by saying they weren't sovereign nations. The governments of former Soviet republics Estonia, Latvia and Lithuania were among those who rejected Ambassador Lu Shaye's comment to a French broadcaster. While answering a question about the status of Crimea, which Russia seized from Ukraine in 2014, Lu said that there was no agreement to solidify their status as a sovereign country." A Chinese Foreign Ministry spokesperson said that China respects the sovereign status of the former Soviet countries after the dissolution of the Soviet Union. Mao NingMao said Beijing's position is consistent and clear but gave no indication whether Lu's comment was considered incorrect. The ambassador drew a parallel between Ukraine and the other former Soviet republics that declared independence from Moscow when the Soviet Union broke up in ...

A 35,000% stock market return since 2012 in European Union? Here's how

Europe's haul isn't far behind the US, where 71 companies have achieved the same feat in the past 10 years, belying the notion the corporate landscape here is sclerotic

Air Pollution Killing 1200 young people every year in Europe: EEA Report

Air Pollution causes 1200 premature deaths every year in Europe. The air pollution level in Europe is below the recommended level of the WHO

Low diesel demand in China, US, Europe triggers global recession fears

Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning," said Ben Ayers, a senior economist in the US with Nationwide Economics