Europe’s transition to a greener, lower-carbon economy carries a cost that monetary policy cannot ignore, according to Isabel Schnabel, a member of the Executive Board of the European Central Bank. The continent is facing aprolonged period” of upward inflationary pressure due to natural disasters, a reliance on fossil fuels and high demand for scarce resources […]
Tag: Europe
Cirque du Soleil returns to Europe after the pandemic with a light show
Light, energy, magic and emotion is what Cirque du Soleil wants to convey to the public with “Luzia”, the show with which the Canadian circus company returns to Europe after the pandemic and which opens this Thursday in Barcelona. “Today’s premiere is very important for us, because it means resuming tours of Europe after the […]
Slowly, coronavirus infections rise again in Europe
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Slowly and silently, the pandemic overshadowed by the invasion of Ukraine and other events in international politics, coronavirus infections are rising again in many European countries, although in most they are cases that do not correspond to a increase in hospitalizations. On Germany For the first time, 1,600 new infections per hundred thousand inhabitants have […]
After Russian invasion of Ukraine, Europe wonders who is next
As they watch the brutal war of Russia on Ukrainesome countries europeans They fear being next. According to Western officials, the most vulnerable nations would be those that are not part of the North Atlantic Treaty Organization (NATO) or the European Union (EU) and are therefore alone and unprotected. The list includes Moldova, neighboring Ukraine, […]
Spain can store a third of European gas, but has almost no connection
Spain is the country with the largest gas storage and regasification capacity in Europe, a third of the total, although the lack of interconnections with the rest of the continent greatly limits its possibilities of being a supply alternative. Just over a third (35%) of the liquefied natural gas (LNG) storage capacity in the EU […]
The war in Ukraine begins to affect the automobile industry in Europe
With factories stopped at Russia and idle production at Europethe car builders The first effects of the war in Ukraine are beginning to be felt. And these can still be aggravated. The sanctions are affecting banks and logistics and slowing down production in Russia. The AvtoVAZ group, number one in the country and owned by […]
The train to Helsinki, a way out for Russians to Europe
“I don’t intend to return to Russia anytime soon,” says Elena, who lives in Finland. The trains connecting St. Petersburg with Helsinki, the only line still open between Russia and the European Union (EU), are packed with Russians eager to get out of the country while they can. At the station in the Finnish capital, […]
Australia opens the doors of its coal to Europe before the advance of Russian troops in Ukraine
The government of Australia is helping coal-importing nations find alternatives to Russia for supply, connecting them with local producers in the wake of Russia’s invasion of Ukraine, a spokesman for the country said on Thursday. Coal is the second export product of Australia, this country represents 6% of the total annual production of the world, […]
Michelin, tire manufacturer, temporarily suspends production due to war in Ukraine
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Updated on 03/04/2022 11:00 am The French tire manufacturer Michelin announced that it is forced to temporarily suspend production at several of its plants in Europe due to logistical problems arising from the Russian invasion of Ukraine. “To optimize its operations and adapt the management of its flows, the group has decided to stop the […]
Stock markets recover ground and raw materials soar due to the war in Ukraine
Wall Street and European stocks rallied on Wednesday as oil, gas and aluminum prices soared due to the war in Ukraine. The New York stock market rose, encouraged in particular by the tone considered moderate in a speech by the president of the Federal Reserve (Fed), Jerome Powell, and the announcement of new talks between […]