Page 11 - Europe

Volkswagen keeps outlook, warns of Ukraine war, energy shortage in Europe

Volkswagen confirmed its outlook for the year on Thursday as supply chain bottlenecks in items from wire harnesses to chips eased, but warned of the Ukraine war and threats to European energy supply.

Europe gas prices soar 30% in 2 days as Russia cuts Nord Stream 1 supply

Ukraine forces hit key bridge in Russian-occupied south

Amazon hikes Prime subscription prices in UK, Europe by up to 43%

In an email to customers blaming "increased inflation and operating costs" for the hike, the e-commerce giant said that its annual Prime subscription will jump 20 per cent in the UK to 95 pounds

Fed rate-path uncertainty, European gas crunch dominate currency markets

The U.S. Federal Reserve starts a two-day meeting later in the day and is expected to deliver a 75 basis-point interest rate rise.

Heatwave in Europe underscores need for action to fight climate change: WHO

As the Europe reels from the effects of a prolonged heatwave responsible for a series of ferocious wildfires regional governments have been urged by WHO to implement the Paris climate agreement

What's behind Europe's spate of major deadly wildfires? | Explainer

Major wildfires in Europe are starting earlier in the year, becoming more frequent, doing more damage and getting harder to stop

Key gas pipeline from Russia to Europe restarts after 10-day break

Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance, the operator said

Italy political turmoil a headache for Europe's central bank amid inflation

Italian Prime Minister Mario Draghi's offer to resign has sent unsettling ripples through financial markets, bringing back bad memories of Europe's debt crisis a decade ago

World shares hit 3-week high as recession fears ease, dollar hovers low

World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession

Here are the world's most (and least) powerful passports in 2022

Japan, Singapore and South Korea have the most powerful passports as the world continues to recover from Covid-19, reversing pre-pandemic rankings that were dominated by European nations

Google to allow app developers to use rival payment systems, to cut fees

The world's most popular internet search engine said the fee cut applies only to European consumers

President Xi Jinping's Beijing invite ignored by top Europe leaders

Chinese Foreign Ministry denies the reports

Covid cases triple across Europe, hospitalisations double, says WHO

WHO's Europe director Dr Kluge said super-infectious relatives of omicron variant were driving new waves of disease across continent and that repeat infections could potentially lead to long Covid.

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