Pensions & Investments (February 2)
“Money managers in Europe still expect the U.K. economy to contract, despite the Bank of England’s latest 50-basis-point rate hike and a more subdued inflation forecast.”
Tags: 50-basis-point, BOE, Contract, Economy, Europe, Forecast, Inflation, Money managers, Rate hike, Subdued, U.K.
Washington Post (January 30)
“The outlook for the global economy in recent weeks has unexpectedly brightened, with the United States, Europe and China all outperforming expectations and avoiding — at least for now — some predicted stumbles.”
Tags: Brightened, China, Europe, Expectations, Global economy, Outlook, Outperforming, Stumbles, U.S.
Financial Post (January 13)
“The peculiar clemency of Europe’s winter weather this year is proving a game changer for the region’s prevailing economic and investment trends. A halving in natural gas prices over the past month alone reflects one of the mildest winters on record in the region and takes significant sting out of the Russian gas shock that followed Moscow’s invasion of Ukraine last year.”
Tags: Clemency, Economic, Europe, Game changer, Halving, Invasion, Investment, Mildest, Natural gas, Prices, Russia, Weather, Winter, Winters
BBC (November 15)
“Britain’s stock market has lost its position as Europe’s most-valued,” marking “the first time Paris has overtaken London since records began…. The combined value of British shares is now around $2.821 trillion (£2.3 trillion), while France’s are worth around $2.823 trillion.” Factors behind the shift include “a weak pound, fears of recession in the UK and surging sales at French luxury goods makers.”
Tags: $2.823 trillion, Britain, Europe, Fears, First, France, London, Most-valued, Overtaken, Paris, Recession, Records, Shares, Stock market, Surging sales, UK, Weak pound
The Times of India (October 30)
“The developed world’s depletion of global atmospheric commons has led to extreme climatic events across the planet. Climate change is already upon us due to industrialisation in Europe and North America in the past, and in China more recently. Countries that have contributed the least towards historical global emissions — countries that are still developing and poor — are left to fend for themselves. Global poverty has underwritten the riches of the developed world.” India cannot “be expected to pay for climate sins of the West.”
Tags: China, Climate change, Depletion, Developed, Developing, Emissions, Europe, Extreme climatic events, Global atmospheric commons, India, Industrialisation, North America, Poor, Riches
Fortune (September 24)
“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”
Tags: Backfired, Cheap, Crisis, Dangerous, Devastating, Economies, Energy demand, Europe, Gas, High prices, Manufacturing, Pronounced, Russia, Unemployment, Uptick, Winter, Worse
The Guardian (September 12)
“New Zealand, which once eliminated the virus through the toughest pandemic rules in the world, has made relaxations similar to Australian or European conditions. Mask-wearing will no longer be mandatory in public places, and the last vaccine mandates will be ditched in two weeks.” Tests for inbound travelers “on arrival in New Zealand are no longer required but encouraged.”
Tags: Australia, Encouraged, Europe, Inbound travelers, Mask-wearing, New Zealand, Pandemic rules, Public places, Relaxations, Tests, Toughest, Vaccine mandates, Virus
Reuters (September 9)
“Drastic Russian cuts to gas supplies to Europe this year have turned Norway into the European Union’s main source of the fuel.” Norway is now “forecast to deliver nearly 90 billion cubic metres of gas to the EU this year, or nearly 25% of the bloc’s demand…. That’s higher than the 20% Russia will likely provide.”
Financial Times (September 5)
“The euro dropped on Monday to a new 20-year low after Russia’s decision to shut a major gas pipeline to Europe intensified the energy crisis that has dealt a heavy blow to the region’s economy.” The currency blew past parity, going as low as $0.988 in London. Stocks fell and energy prices surged while “European capitals struggle to contain growing concerns over Russia’s ‘weaponisation’ of gas supplies.”
Tags: $0.988, 20-year low, Blow, Currency, Economy, Energy crisis, Energy prices, euro, Europe, Gas, London, Parity, Pipeline, Russia, Shut, Stocks, Surged, Weaponisation
Foreign Affairs (September 2)
“Europe’s supposed commitment to seeing Russia held to account for its actions in Ukraine seems to be trumped by its undeniable energy needs.” An overfocus on symptoms and quick fixes obscures “the path toward energy security.” Absent “coordinated foreign policy—not fragmented individual national responses…. EU member states will find themselves constantly threading the needle between upholding their values and meeting the basic needs of their citizens, a precarious exercise that will hurt the European project itself.”
Tags: Basic needs, Citizens, Commitment, Energy needs, Energy security, EU, Europe, Foreign policy, Fragmented, National, Responses, Russia, Symptoms, Ukraine, Values
