Page 42 - Europe

Europe's $1 trillion energy bill only marks beginning of the crisis

After this winter, the region will have to refill gas reserves with little to no deliveries from Russia, intensifying competition for tankers of the fuel

Ukrainian parliament adopts laws to launch membership talks with EU

The Ukrainian Parliament has adopted all laws needed for launching membership talks with the European Union, Parliament Speaker Ruslan Stefanchuk said

BoE holds meetings with foreign banks in India; keen to resolve CCIL logjam

European regulators' decision affects more market segments than US norms

Team MRF Tyres bags European Rally Championship Award

Team MRF Tyres has bagged the European Rally Championship 2022 Awards here at the prestigious Federation Internationale de l'Automobile (FIA) Gala

Five questions for 2023

These questions will shape the world economy in the new year, and matter to India

Two-wheeler companies get over 2-year breather on emission sensor

Rule deferred as trial results were 'far from satisfactory'

Air India to spend $400 mn to refurbish Boeing 777s and 787 fleet

Carrier will add new seats and best in-flight entertainment across all classes

Europe's new tranche of sanctions on Russian oil kick in: What changes?

Russia has consistently said it won't sell oil to countries that participate in the price cap

Emerging markets face risk of policy error amid conflicting priorities

Emerging markets have witnessed an investor exodus this year despite having raised interest rates at an unprecedented pace

India-EU Competition Week on digital resolutions starts on Monday

Experts from the European Union would share their experiences in applying antitrust laws to the digital economy and markets and the introduction of the EU's Digital Markets Act

Europe not strong enough now, would be in trouble without US: Finnish PM

Finnish Prime Minister Sanna Marin said that Europe is not "strong enough right now" and that it "would be in trouble without the US".

New UK govt examining our proposal, promised to come back soon: Narendran

We have highlighted to them our financial situation given the way things are in Europe, and we have been promised that they will come back soon

US-European disagreement over climate law persist as Biden meets Macron

President Joe Biden on Thursday tried to allay concerns raised by French President Emmanuel Macron about a clean energy law that benefits electric vehicles and other products made in North America. But the US and Europe remain divided over the landmark law. Hours before hosting Macron at a state dinner, Biden acknowledged that the law contains glitches, but said there are tweaks we can make to satisfy France and other European allies. The United States makes no apology. And I make no apologies," Biden said, but changes may be needed to the four-month-old law "to make it easier for European countries to participate.'' Macron has made clear that he and other European leaders are concerned about incentives in the law, known as the Inflation Reduction Act which favour clean energy technology made in North America, including electric vehicles. The US subsidies would be an enormous setback for European companies, the French leader said, but he added that he is hopeful the dispute can be

Airbus developing hydrogen-powered fuel cell engine for zero emission plain

European aerospace major Airbus on Wednesday said it is developing a hydrogen-powered fuel cell engine for its zero-emission aircraft that will enter service by 2035. The company will start ground and flight testing this fuel cell engine architecture onboard its ZEROe demonstrator aircraft towards the middle of the decade. The A380 MSN001 flight test aircraft is currently being modified to carry liquid hydrogen tanks and associated equipment. "Fuel cells are a potential solution to help us achieve our zero-emission ambition and we are focused on developing and testing this technology to understand if it is feasible and viable for a 2035 entry-into-service of a zero-emission aircraft," Glenn Llewellyn, VP Zero-Emission Aircraft at Airbus, said. He was speaking at the Airbus Summit 2022 here. "At scale, and if the technology targets were achieved, fuel cell engines may be able to power a one hundred passenger aircraft with a range of approximately 1,000 nautical miles," Llewellyn ..

ESMA deadlock: European regulator's interference unfortunate, says RBI DG

"Potential disruption to the forex markets can be serious"

Inflation in Europe eases as energy prices down but still in double digits

Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. The consumer price index in the 19 countries that use the euro currency hit 10% in November from a year earlier, the European Union statistics agency Eurostat said Wednesday. That was a drop from 10.6% in October, the first decrease since June 2021. The figure reflected prices for food, alcohol and tobacco rising faster, at a pace of 13.6% annually, even as energy prices slipped to a 34.9% rate of increase from an astronomical 41.5% in October. Out-of-control inflation is being fed by high energy prices caused by Russia largely cutting off natural gas over the war in Ukraine as well as bottlenecks in supplies of raw materials and parts and rebounding demand after COVID-19 pandemic restrictions ended. Rising prices have h

Tata CLiQ Luxury expands its luxury fashion category with launch of Le Mill

Partnership will offer international brands in apparel, accessories, and footwear

Top Headlines: Air India on metro-to-metro routes; RBI rate hike & more

A Business Standard poll shows that the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) is likely to announce a 35-basis point (bp) hike in the repo rate on December 7

Spike in winter demand for diesel in Europe offers huge scope for India

State-owned refiners are in a strong position to gain from the surging demand for diesel from Europe as winter sets in and natural gas supplies from Russia are set to dwindle on fresh sanctions

Single-pilot operations only after thorough investigation, EASA says

European Aviation Safety Agency's proposal draws flak from pilots who say it is too risky