New York Times (August 12)
The fires ravaging Evia, Greece’s second-largest island “seem less a random act of God than another inevitable episode of Europe’s extreme weather brought on by the man-made climate change that scientists have now concluded is irreversible.”
Tags: Act of God, Climate change, Europe, Evia, Extreme weather, Fires, Greece, Inevitable, Irreversible, Man-made, Random, Scientists
Wall Street Journal (June 4)
“Investors have piled into new carbon-credit-trading funds, helping make the upstart market one of the best-performing commodities-related investments of the past year.” In Europe, the trading price for carbon credits “has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.”
Tags: Best-performing, Carbon credits, Commodities, Europe, Funds, Housing boom, Investments, Investors, Lockdowns, Lumber, Market, Pandemic, Rebounded, Records, Trading, Upstart
Reuters (April 1)
“Global equity markets surged on Thursday, with U.S. and European benchmark indexes hitting record highs, as the strongest manufacturing data around the world in decades and a drop in bond yields drove investor optimism.” Support is strong with “multiple tailwinds— stimulus, expectations of record earnings, vaccines—driving stocks higher.”
Tags: Benchmark, Bond yields, Earnings, Equity, Europe, Global, Indexes, Investor, Manufacturing, Markets, Optimism, Stimulus, Surged, Tailwinds, U.S.
ABC News (March 17)
“Optimism is spreading in the U.S. as COVID-19 deaths plummet and states ease restrictions and open vaccinations to younger adults. But across Europe, dread is setting in with another wave of infections that is closing schools and cafes and bringing new lockdowns.”
Tags: COVID-19, Deaths, Dread, Europe, Infections, Lockdowns, Optimism, Restrictions, Spreading, U.S., Vaccinations, Wave
The Guardian (March 14)
“A third wave of the Covid pandemic is now advancing swiftly across much of Europe. As a result, many nations – bogged down by sluggish vaccination campaigns – are witnessing sharp rises in infection rates and numbers of cases.” With infections rising to levels last seen in early February, “several countries are now set to impose strict new lockdown measures in the next few days.”
Tags: Covid, Europe, Infection rates, Lockdown, Pandemic, Sluggish, Third wave, Vaccination campaigns
Wall Street Journal (March 13)
“Regulators are pressuring Wall Street to do away with the London interbank offered rate by year-end. Companies are still making the switch.” The Federal Reserve is pushing the Secured Overnight Financing Rate (SOFR) as a replacement, but “the U.S. is running behind the U.K. and Europe, where investment firms and companies have been faster to transition to alternative rates,” including the Sterling Overnight Index Average (Sonia).
Tags: Europe, Fed, Investment firms, LIBOR, Regulators, Replacement, SOFR, Transition, U.K., U.S., Wall Street
Reuters (December 13)
“A final Brexit without a trade deal would damage the economies of Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains across Europe and beyond.” British Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen agreed to extend talks beyond Sunday. “With a succession of deadlines missed, time is now critically short.”
Tags: Borders Chaos, Brexit, Damage, Europe, Financial markets, Johnson, Leyen, Shockwaves, Supply chains, Trade deal, UK
The Economist (December 5)
“Europe and America have shown that King Coal can be dethroned.” Next Asia must step up to “topple coal.” Fortunately, this “is overwhelmingly in Asia’s interest to do so. Its people, infrastructure and agriculture are dangerously exposed to the droughts, flooding, storms and rising sea levels caused by climate change….. Coal’s days are numbered. The sooner it is consigned to museums and history books, the better.”
Tags: Agriculture, Asia, Coal, Dethroned, Droughts, Europe, Exposed, Flooding, Infrastructure, Sea levels, Storms, Topple, U.S.
Reuters (November 27)
Europe is struggling “to find a common solution for the upcoming Christmas winter sports season.” Germany and France want the resorts closed while Austria doesn’t. A total closure “would be costly: Austria wants EU compensation for 2 billion euros of expected losses. But allowing people to squeeze into cable cars and enjoy apres-ski may pile pressure on national health systems as Europe fights a second wave of Covid-19. Without a coordinated and strict EU approach, a post-Christmas virus resurgence could be on the cards.”
Tags: Austria, Cable cars, Christmas, Compensation, COVID-19, EU, Europe, France, Germany, Second wave, Ski resorts, Solution, Strict, Winter sports
Politico (November 10)
“Forty-eight hours after Joe Biden emerged as the winner of the U.S. presidential election, Europe was still basking in the afterglow.” Even conservatives whose “traditional ties” with “the Republican Party frayed when Trump came to power.”
Tags: Afterglow, Basking, Biden, Conservatives. Traditional ties, Europe, Frayed, Power, Presidential election, Republican Party, Trump, U.S., Winner