European countries will end up resuming gas imports Russianpredicted this Saturday the Minister of Energy of Tasteone of the largest exporters in the world, who also estimated that the current volatility of the gas market will continue. European countries heavily restricted purchases of Russian gas following Moscow’s invasion of Ukraine in February 2022, a conflict […]
Tag: Europe
Banks with weak climate plans face legal risks
Failure to comply with the commitments exposes the sector to accusations of image greenwashing, or greenwashingABE noted on Thursday in its quarterly risk assessment. The warning comes amid a crackdown on the asset management industry that has led to more than $140 billion in funds being downgraded from the EU’s top-ranked environmental, social and governance […]
The European Union norm to limit damages from foreign subsidies is already in force
The regulation of the European Union to limit distortions caused by foreign subsidies came into force this Thursday, with the idea that the EU remains open to trade and investment while guaranteeing a level playing field for all companies. The regulation was proposed by the Commission in May 2021 and approved by the European Parliament […]
A large deposit of rare earths is discovered in Sweden
Sweden announced Thursday the discovery of the rare earth deposit “larger” known so far in Europea small step towards a greater autonomy of the EU about Chinawhich leads the supply of these essential metals for the green transition. “This is the largest known deposit of rare earth elements in our part of the world, and […]
Millionaire fines test the economic model of Meta in Europe
The economic model of the American giant Goalowner of Facebookis facing a tough test in the European Union (EU), after being sanctioned with a new multi-million dollar fine from the Irish regulator. Meta is in the European viewer for its controversial handling of its users’ personal data, and the way in which that is used […]
Changes in Twitter herald confrontation with Europe
Self-proclaimed free-speech champion Elon Musk’s unrestricted new version of Twitter could run afoul of new rules in Europe, where authorities warn the social network will have to abide by some of the world’s toughest laws against toxic content. While the new digital standards will likely put Europe Leading the crackdown on the platform that Musk […]
Cold showers and no light: Europe saves due to lack of Russian gas
After midnight, anti-waste activists scatter like urban guerrillas through the dark streets of Paris, climbing walls and pipes to reach switches and turn off lights. Click. Click. Click. One by one, the exterior lights that the shops have left on are turned off. It’s a small but symbolic gesture in Europe’s massive energy-saving effort to […]
Russia continues to persecute Chechens in Europe, 20 years after the war
Its capital, Grozny, suffered the same fate as the Ukrainian city of Mariupol, leveled by Russian bombs. Twenty years later, Chechen refugees in Europe they continue to live in fear of Russia. Tens of thousands have fled Russia’s small Muslim-majority republic after two bloody wars. The last one, started by Vladimir Putin in 1999, led […]
ECB must not ignore inflation driven by green transition
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 […]
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 […]