The Times (July 29)
The UK’s “reckless lack of gas storage invites disaster.” Britain maintains “90 days’ worth of oil imports,” but “just two or three days’ worth of gas in reserve.” Since oil and gas each account for approximately one third of domestic energy, this “peculiarity” contributes “to energy insecurity and our soaring bills.” It’s completely out of step with reality. “Germany can store 90 days’ gas; France, over 100; Italy, somewhere in between; and the Netherlands, about 60.” Britain’s “reckless lack of gas storage invites disaster.” This obvious failure “ought to be a considerable source of worry.”
Tags: Disaster, Domestic energy, Failure, France, Gas, Gas storage, Germany, Insecurity, Italy, Netherlands, Oil imports, Peculiarity, Reckless, Reserve, Soaring bills, UK, Worry
Barron’s (June 23)
“The latest heatwave sweeping across Europe is a stark reminder that it is the world’s fastest-warming continent, stretching into an Arctic that is heating at an even greater pace. Britain, France, Italy and Spain have issued red alerts and health warnings for much of their territory this week as the region endures its second heat episode since May.”
Tags: Arctic, Britain, Continent, Endures, Europe, Fastest-warming, France, Health warnings, Heatwave, Italy, May, Reminder, Spain. Red alerts, Stark
The Times (June 11)
“Since the historic Nato summit in The Hague one year ago this month, European leaders have pledged massive increases in defence spending in the face of increasingly acute threats of Russian aggression. Yet the reality is that key west European governments – especially the UK, France and Italy – are not putting their money where their mouth is for fear of undermining lenders’ confidence in their national debt.”
Tags: Confidence, Defense spending, Europe, France, Governments, Historic, Italy, Leaders, Lenders, National debt, Nato summit, Pledged, Russian aggression, Threats, UK
Barron’s (April 5)
The global economy is in for a “crude awakening.” Even under the best (or least worst) scenario, the Iran “war will shave about a percentage point off global economic growth, taking it down to 2% this year. Growth forecasts for large, developed economies—Japan, France, Germany, Italy, and the United Kingdom—were modest before the war at around 1%. If the conflict extends past June, GDP growth for these countries could evaporate, while inflation keeps rising.”
Tags: 2%, Conflict, Crude awakening, Developed economies, Economic growth, Forecasts, France, GDP, Germany, Global economy, Inflation, Iran war, Italy, Japan, Scenario, UK
Euronews (March 25)
“Europe is being edged out of the global liquified natural gas (LNG) market as Asian buyers outbid for limited cargoes, with ship-tracking data showing several tankers changing course mid-voyage and close to a dozen Atlantic shipments being redirected.” This has especially left Italy, Poland and Belgium scrambling for alternative LNG supplies in what has become a “mega competitive market.”
Tags: Asia, Atlantic shipments, Belgium, Edged out, Europe, Italy, Limited cargoes, LNG, Mega competitive market, Mid-voyage, Outbid, Poland, Redirected, Scrambling, Ship-tracking data, Tankers
Axios (October 15)
“More people are concerned than excited about the rise of AI in daily life, with Americans topping the global worry list, per a new global report from Pew Research Center.” Some countries, like South Korea and India were relatively excited about AI with less than 20% of respondents saying they were “more concerned than excited.” In contrast, the majority of U.S. respondents were more concerned about Ai than excited, a level of anxiety only matched by Italy. This “public concern over AI could shape how quickly the tools are adopted, and could upend workplaces if employees aren’t comfortable with the changes.”
Tags: Anxiety, Aopted, Concerned, Daily life, Employees, Excited, India, Italy, Pew, Respondents, Rise of AI, South Korea, U.S., Workplaces, Worry
The Economist (September 6)
“Insurgents who want to smash the system often end up running it.” Europe’s hard right is a threat to the economy and leading or polling strong in Britain, France and Germany. “In Italy they are in power; in the Netherlands they briefly led a coalition; and in Poland in June their presidential candidate saw off the nominee from the centre. By 2027 the hard right could be in office in economies worth getting on for half of European GDP.” The best case scenario is ” stagnation, at worst a bond-market rout.”
Tags: Bond-market rout, Britain, Economy, Europe, European GDP, France, Germany, Hard right, Insurgents, Italy, Netherlands, Poland, Polling, Power, Smash, Stagnation, Threat
Reuters (November 3)
A UNESCO report indicates that “some of the world’s most famous glaciers, including in the Dolomites in Italy, the Yosemite and Yellowstone parks in the United States and Mount Kilimanjaro in Tanzania are set to disappear by 2050 due to global warming, whatever the temperature rise scenario.”
Tags: 2050, Disappear, Dolomites, Famous, Glaciers, Global warming, Italy, Kilimanjaro, Tanzania, Temperature, U.S., Unesco, Yellowstone, Yosemite
Wall Street Journal (August 19)
“Coronavirus infections are surging again across much of Europe and governments are racing to prevent a full-fledged second wave of the pandemic.” Infection levels still “remain far lower in Europe than in much of the U.S. The seven-day average of new daily U.S. cases is running at nearly 150 cases per million people, about five times the number across Germany, France, Spain, Italy and the U.K.”
Tags: Coronavirus, Europe, France, Germany, Governments, Infections, Italy, Pandemic, Prevent, Second wave, Spain, Surging, U.S.
Wall Street Journal (August 13)
“The U.K. recorded a steeper second-quarter contraction than its peers, suffering the worst economic hit from the coronavirus in Europe as well as reporting the highest death toll there.” Great Britain’s GDP “shrank 20.4% in the second quarter, equivalent to an annualized rate of 59.8%,…. In the same period, U.S. and German output declined by around 10%, while Italy lost 12%, France 14% and Spain 19%.”
Tags: Contraction, Coronavirus, Death toll, Economic hit, Europe, France, GDP, Germany, Italy, Output, Peers, Suffering, U.K., U.S.
