Page 41 - Europe

European gas slumps to 16-month low on back of strong supply outlook

Gas markets have turned calmer after a tumultuous period last year when energy prices surged to records and hammered economies everywhere

Energy war, chip-battle, Taiwan in focus at WEF in a turbulent world order

For the titans of commerce gathering in Davos this week, all of this marks a shift away from the era of ever-closer global ties, when big business thought it had succeeded in making the world flat

RBI open to non-bank arms route to end stalemate with ESMA: Report

The proposal came up in a meeting between RBI deputy governor T Rabi Sankar and senior officials from European banks

Japanese PM Kishida highlights security concerns on trip to Europe, US

Japanese Prime Minister Fumio Kishida begins a weeklong trip Monday to strengthen military ties with Europe and Britain and bring into focus the Japan-U.S. alliance at a summit in Washington, as Japan breaks from its postwar restraint to take on more offensive roles with an eye toward China. Kishida's talks with U.S. President Joe Biden on Friday will highlight his five-nation tour that also takes him to France, Italy, Britain and Canada some of Group of Seven nations with which Japan has stepped up defence ties. His first stop is Paris on Monday. Kishida said his summit with Biden will underscore the strength of the Japan-U.S. alliance and how the two countries can work more closely under Japan's new security and defense strategies. Japan in December adopted key security and defense reforms, including a counterstrike capability that makes a break from the country's exclusively self-defense-only postwar principle. Japan says the current deployment of missile interceptors is ...

Vladimir Putin's energy gambit fizzles as warm winter saves Europe

While a cold snap or delivery disruptions could still throw energy markets into disarray, optimism is growing that Europe can now make it through this winter and next

Japan PM Kishida highlights security concerns on trip to Europe, US

Japanese Prime Minister Fumio Kishida begins a weeklong trip Monday to strengthen military ties with Europe and Britain and bring into focus the Japan-U.S. alliance at a summit in Washington, as Japan breaks from its postwar restraint to take on more offensive roles with an eye toward China. Kishida's talks with U.S. President Joe Biden on Friday will highlight his five-nation tour that also takes him to France, Italy, Britain and Canada some of Group of Seven nations Japan has stepped up defense ties with in recent years. His first stop is Paris on Monday evening. Kishida said his summit with Biden will underscore the strength of the Japan-U.S. alliance and how the two countries can work more closely under Japan's new security and defense strategies. Japan in December adopted key security and defense reforms, including a counterstrike capability that makes a break from the country's exclusively self-defense-only postwar principle. Japan says the current deployment of missile ...

Inflation in Europe continues to dip as energy prices rise at slower pace

The European Central Bank aims to keep inflation near 2 per cent, CNN reported

What can Cristiano Ronaldo expect from Saudi Pro League football, Al Nassr?

As Cristiano Ronaldo was quick to point out, he has spent his storied career playing for the "most important" clubs in Europe. That also meant playing in the most popular leagues in the world in England, Spain and Italy for Manchester United, Real Madrid and Juventus. His move to Saudi Arabian club Al Nassr, however, signals a step into the unknown. The Saudi Pro League is unlikely to have been on the radar of the majority of his loyal following, but it is where the next and likely last chapter of his career will be played out after signing a two-and-a-half-year contract with Al Nassr. He will also hope to compete in the Asian Champions League next season if his new club qualifies for the biggest competition in Asian soccer. "In Europe my work is done," Ronaldo said when presented by Al Nassr in Riyadh on Tuesday. But what can the 37-year-old five-time Champions League winner expect from Saudi soccer? "I know the league is very competitive. People don't know that, but I know bec

European nations report record high temperatures for the month of January

Temperatures in the Netherlands, Liechtenstein, Lithuania, Latvia, Czech Republic, Poland, Denmark and Belarus broke national records, the BBC reported

EAM defends India's move to import Russian oil; says Europe imports more

External Affairs Minister S Jaishankar has defended India's move to import crude oil from Russia notwithstanding the growing disquiet over it by Western powers, saying that Europe has imported six times the fossil fuel energy from Russia than India has done since February 2022. Jaishankar, who arrived here from Cyprus on the second leg of his two-nation tour, also said that if the European political leadership would like to soften the impact of the ongoing Russia-Ukraine conflict to their population, it's a privilege they should extend to other political leaderships as well. "Europe has managed to reduce its imports while doing it in a manner that is comfortable. If at a (per capita income) of 60,000 euros, you are so caring about your population, I have a population at USD 2,000. I also need energy, and I am not in a position to pay high prices for oil," Jaishankar said during an interview to Austria's national public broadcaster ORF on Monday. Jaishankar also pointed out that Euro

European gas prices fall to lowest since Feb 21, before Ukraine war began

Lower gas prices are also a relief for the European economy, which is pressured by high inflation rates

Thousands line up to view, pay respect to Pope Benedict at Vatican

Thousands of people lined up across St Peter's Square hours before dawn on Monday to view Pope Emeritus Benedict XVI's body and pay their respects. Public viewing lasts for 10 hours on Monday in St Peter's Basilica. Twelve hours of viewing are scheduled for Tuesday and Wednesday before Thursday morning's funeral, which will be led by Pope Francis, in the square. The frail, 95-year-old Benedict died Saturday morning in the Vatican monastery where he had lived since his retirement in 2013 when he became the first pontiff to resign in 600 years. Security officials expected at least 25,000 people to pass by the body on the first day of viewing.

Revellers throng to New Year's parties across world after Covid hiatus

Revellers in major city centers across Europe and the Middle East were ushering in 2023 with countdowns and fireworks, as many cities around the globe celebrated New Year's Eve without restrictions for the first time since the start of the coronavirus pandemic. Children crowded a metro station in Kharkiv, Ukraine, to meet with St. Nicholas and enjoy a special performance ahead of the new year. Meanwhile, some soldiers who said they usually celebrate the holiday with family decided to stay in the trenches as they sought to defend their country. Others in Ukraine returned to the capital, Kyiv, to spend New Year's Eve with their loved ones. As Russian attacks continue to target power supplies, leaving millions without electricity, no big celebrations were planned. A curfew was to be in place as the clock struck midnight. French President Emmanuel Macron delivered a message of unity and trust in a televised address Saturday. Referencing the war in Ukraine several times, Macron also sent

Ukraine aims to hold peace summit this winter: Foreign Minister Kuleba

Ukrainian Foreign Minister Dmytro Kuleba said that Kiev is counting on holding a summit to discuss the peace plan for Ukraine by the end of February

Europe set the bar on Russian gas high enough to leave India unaffected

The impact of the gas price cap on India may, however, be muted as the EU, fearing disruptions to domestic gas supplies in winter, set the bar very high

World shares mixed before updates on US consumer spending, durable goods

Shares rose in Europe on Friday after a retreat in Asia ahead of updates on US consumer spending and durable goods orders. Benchmarks climbed in London and Paris but fell in Hong Kong, Tokyo and Seoul. Oil prices surged more than USD1 a barrel. Japan reported its core inflation rate, excluding volatile fresh foods, rose to 3.7per cent in November, the highest level since 1981, as surging costs for oil and other commodities added to upward price pressures in the world's third-largest economy. While price increases are much more modest in Japan than in the US and most major European and emerging economies, they add to pressure on the Bank of Japan to adjust longstanding policies that have kept interest rates ultra-low to spur growth. For Japan, deflation falling prices rather than inflation has been the key concern for most of the past few decades. Recession in coming months remains a greater concern, economists say. Inflation edged up in November and will peak at around 4 per cen

Amazon may breach trademark rights over fake Louboutin ads: European Court

Online retail giant Amazon could be held responsible for breaching luxury shoemaker Christian Louboutin's trademark rights over the sale of counterfeit red soled high-heeled shoes on its platform, the European Court of Justice ruled on Thursday. Third-party sellers on Amazon regularly advertise red-soled stilettos that are not made by Louboutin. The French designer brought cases against the company in Belgium and Luxembourg in 2019, arguing that he did not give his consent for these products to be put on the market. Louboutin shoes' red outer sole, for which they are known, is registered as an EU and Benelux trademark. The EU's top court said that users could mistakenly think that Amazon itself is selling shoes on behalf of Louboutin, noting that it may be the case when, for instance, Amazon displays its own logo on the third-party sellers' ads, and when it stores and ships the shoes in question. These circumstances may indeed make a clear distinction difficult, and give the ...

Germany returns to coal as energy crisis overpowers climate targets

Europe's largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years

High regulatory burden, taxes keep cars out of reach of Indians: Automaker

The levies by the Indian govt have made purchasing vehicles expensive for the population, said RC Bhargava, Maruti Suzuki's chairman

Indians flocking both foreign and local getaways as travel recovers: Airbnb

The traveller is also expanding his travel horizons, looking to explore new getaways abroad