Europe

Ukraine has one of the largest underground gas storage facilities in Europe, capable of storing more than 30 billion cubic meters of gas, the minister said

In Europe, mass layoffs among tech companies have stalled because of labour protections that make it virtually impossible to dismiss people in some countries without prior consultations

The fund would focus on investments in Western European developed economies, the company said

Even pricier food risks further aggravating social discontent and frustration with authorities. On top of that, an surprise oil output cut by OPEC+ at the weekend is pushing oil prices higher

Inflation in the 20 countries that use the euro currency slowed to 6.9 per cent in March, the lowest level in a year, with food costs still on the rise while energy prices fell, making a sharp turnaround after months of punishing increases. Consumer prices in the eurozone dropped from the 8.5 per cent recorded in February, according to data released Friday by the European Union's statistics agency, Eurostat. The inflation has dropped to its lowest level in a year since since peaking at 10.6 per cent in October. But prices for food, alcohol and tobacco rose by a painful 15.4 per cent, faster than the previous month's 15 per cent, in a sign that European consumers are still getting squeezed. Energy prices, however, fell 0.9 per cent an abrupt change of direction after rising at double-digit rates over the past year. Russia's war in Ukraine pushed up prices for natural gas used to heat homes and generate electricity, fueling overall inflation, but the latest reading indicates that a

Residents of Greenland have switched to daylight saving time and moved their clocks one hour forward this weekend for the very last time. Unlike most of Europe, Greenlanders will leave their clocks untouched come autumn when daylight saving time ends. While Europe and the U.S. debates whether to stick to the twice-yearly practice, Greenland -- a vast Danish semi-independent territory in the Arctic -- has resolved to perennially remain only three hours behind Copenhagen and most other European countries instead of four. Greenland's parliament, Inatsisartut, voted to stick to daylight saving time year-round on Nov. 24 last year. Officials say it will give Greenlanders another hour of daylight in the afternoons and more time to do business with Europe and farther afield. The shift of time zone marks an exciting new beginning, an equal connection to North America and Europe, and an opportunity to slow down in a fast-paced world, Visit Greenland, the local government's tourism office s

Though April 30 deadline stands, EU regulator gives a breather to European banks

The European Central Bank has carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse fed fears about the impact of higher rates on the global banking system. The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation. In a post-meeting statement, the bank called the banking sector in the 20 countries using the euro currency resilient, with strong finances. It says it's monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability in the euro area. ECB head Christine Lagarde said last week that it was very likely the bank would raise its benchmarks by a half-percentage point, part of a series of rapid rate hikes aimed at getting inflation down from 8.5% far above the bank's target of 2%. That was before Silicon Valley Bank in the U.S. went under last we

Shares bearing the Adani name now appear in about 480 so-called Article 8 funds - entities promising to promote environmental, social and governance goals under European Union rules

India and Denmark have "strong and historic silver traditions", Danish Crown Prince Frederik Andr Henrik Christian said on Monday and expressed hope that both the nations will serve as a true example of artistic cultural exchange to the rest of the world. Denmark's Crown Prince and Crown Princess Mary Elizabeth, are currently visiting India, and the royal couple inaugurated an exhibition -- "Silver Treasure from India and Denmark" -- showcasing more than 250 prizes silverware from both the countries, during their visit to the National Museum in Delhi. As part of the exhibition, about 150 objects, including one from the Mohenjo-daro era, have been sourced from the National Museum's reserved collection, and a range of rare silverware, some of them more than 300 years old, from Museum Kolding in Denmark, officials said. After a ceremonial event held at the National Museum, the Denmark's Crown Prince and Crown Princess, later opened the exhibition and were given a tour of the ...

Europe's competitiveness is increasingly suffering from overregulation, slow and bureaucratic permitting processes, and in particular, high costs for most production input factors

The FMCBG meeting will look to find lasting solutions to the issue of unsustainable debt in some low- and middle-income nations

A European soccer game in Moldova will be played in an empty stadium on Thursday amid concerns about alleged Russian-backed attempts to overthrow the national government. UEFA said Tuesday no fans will be allowed in the stadium when Sheriff hosts Serbian club Partizan in the first leg of a Europa Conference League knockout playoff. The behind-closed-doors order was due to the decision of the authorities in Moldova, UEFA said in a statement. It came one day after the president of Moldova, Maia Sandu, described an alleged Russian plot against her country's government using external saboteurs. Moldova, a former Soviet republic of about 2.6 million people, has sought to build stronger ties with the European Union since its neighbour Ukraine was invaded by Russia one year ago. Serbia is a traditional ally of Russia and fans of Partizan from Belgrade were expected at the game in the Moldovan capital Chisinau. Sheriff is from Tiraspol in the separatist region of Transnistria and its gam

Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said

After seeing promising results in Eastern Europe, Google will initiate a new campaign in Germany that aims to make people more resilient to the corrosive effects of online misinformation. The tech giant plans to release a series of short videos highlighting the techniques common to many misleading claims. The videos will appear as advertisements on platforms like Facebook, YouTube or TikTok in Germany. A similar campaign in India is also in the works. It's an approach called pre-bunking, which involves teaching people how to spot false claims before they encounter them. The strategy is gaining support among researchers and tech companies. There's a real appetite for solutions, said Beth Goldberg, head of research and development at Jigsaw, an incubator division of Google that studies emerging social challenges. Using ads as a vehicle to counter a disinformation technique is pretty novel. And we're excited about the results. While belief in falsehoods and conspiracy theories isn't n

Resolution between ESMA, RBI before May 1, 2023 seen as unlikely

BENGALURU (Reuters) - Indian auto components maker Samvardhana Motherson International Ltd said its third-quarter profit jumped 85%, meeting estimates.

"Fundamentally, we believe that having fewer sites with larger capacity potential per site is better and more efficient"

Teams from Bulgaria, Croatia, the Czech Republic, France, Greece, Hungary, Italy, the Netherlands, Poland and Romania had been sent to the earthquake-stricken areas

Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin's fossil fuel earnings as punishment for invading Ukraine. The ban comes along with a price cap agreed by the Group of Seven allied democracies. The goal is allowing Russian diesel to keep flowing to countries like China and India and avoiding a sudden price rise that would hurt consumers worldwide, while reducing the profits funding Moscow's budget and war. Diesel is key for the economy because it is used to power cars, trucks carrying goods, farm equipment and factory machinery. Diesel prices have been elevated due to recovering demand after the COVID-19 pandemic and limits on refining capacity, contributing to inflation for other goods worldwide. The new sanctions create uncertainty about prices as the 27-nation European Union finds new supplies of diesel from the U.S., Middle East and India to replace those from Russia