Page 47 - Europe

As war in Ukraine drags on, signs of distress in Europe multiply

Across Europe, signs of distress are multiplying as Russia's war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning

Tata Steel to invest Rs 12,000 cr in FY23 on India, Europe operations: CEO

Tata Steel has planned capital expenditure (capex) of Rs 12,000 crore on its India and Europe operations during the current financial year, the company's CEO T V Narendran said

Post-pandemic labour markets in West now have backward bending supply curve

The financial aid provided by governments to help people during the pandemic is dis-incentivising people from re-joining the labour force to the full extent that they can

North Macedonia parliament OKs deal to join EU; talks start from Tuesday

North Macedonia has approved a French proposal that opens the way for negotiations to join the EU and overcome Bulgarian objections. There were 68 votes in favour of the proposal in the 120-member chamber, with the leftist coalition, which has 61 seats, getting the backing of small ethnic Albanian parties. Opposition lawmakers left the chamber in protest, abstaining from the vote. Protesters gathered again outside Parliament, as they have done every day for 10 days, but the protest ended peacefully. Under the proposal, announced by French President Emmanuel Macron last month, North Macedonia would commit to changing its constitution to recognise a Bulgarian minority, protect minority rights and banish hate speech, as Bulgaria, an EU member since 2007, has demanded. The deal would also unblock the start of negotiations for neighbouring Albania, another EU hopeful. Macron had stressed that the proposal doesn't question the official existence of a Macedonian language, but he had note

We could ban Russian fuel imports six months ahead of deadline: EU official

The EU has been reducing imports of Russian oil products since March, after Moscow sent thousands of troops into Ukraine, and agreed a full ban from February 2023

London's Heathrow airport imposes capacity cap of 100,000 passengers a day

Forecasts show that the airport would have to handle as many as 104,000 passengers a day over the summer, the airport said.

Europe on edge as Nord Stream Russian gas link enters shutdown

Shutting of Nord Stream 1 for annual maintenance may be extended, fears EU

Hit by Covid, EU population shrinks for second year running: Eurostat

According to Eurostat, the population of the 27 countries that make up the bloc fell by close to 172,000 from the previous year and over 656,000 from January 2020

With Europe slowing, TCS says North America to drive its growth in FY23

The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making

Zelensky sacks Ukraine's ambassadors to India, four other countries

Zelensky has urged his diplomats to drum up international support and military aid for Ukraine

Europe facing new Covid-19 wave triggered by Omicron sub-variants

Europe is facing a new wave of the Covid-19 pandemic triggered by the highly-transmissible BA.4 and BA.5 sub-variants of Omicron, according to the European Medicines Agency (EMA)

TikTok drops e-commerce expansion plans in Europe, US, says report

After unsuccessful attempts, short-video platform TikTok is scaling back its live commerce plans in Europe and the US, media reports say.

Amazon forced to make it easier to cancel Prime subscriptions in Europe

The European Commission has forced Amazon to simplify the process of canceling Prime membership for customers in the region.

Monkeypox cases triple in Europe: WHO; Africa calls for sharing supplies

WHO's Europe chief warned Friday that monkeypox cases in the region have tripled in the last two weeks and urged countries to do more to ensure the previously rare disease does not become entrenched

Global factory growth feeble in June, feeding economic recession fears

Between central banks digging their heels in to counter inflation and growing fears there is absolutely no path to a soft landing for the global economy, there are few, if any, places to hide

Informal summit of European Union to be held in Prague in October

Never has our Union faced such great challenges: Charles Michel, European Council President

Cryptocurrency rules to make Europe a global leader as prices plunge

Europe prepared to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for scrutiny.

Europe first

Russia-Ukraine war will preoccupy the G7 for a long time

Russia defaults on foreign-currency sovereign debt for 1st time since 1918

Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors

World shares progress as investors shrug off data showing slow economies

Market players are looking ahead to U.S. inflation data due next week and hoping that the moderation in prices of oil and some other commodities this week is a sign inflation might be abating.