The events of the past year have radically altered Europe’s energy policy. The goal of achieving net zero before 2050, confirmed 12 months ago at the COP26 meeting in Glasgow, is still in place. But...
The US’s flagship green technology legislation breaches global trade agreements, risks a global “race to the bottom” on clean energy incentives, and could lead to retaliation, Brussels has claimed....
07/11/2022
The European Central Bank has criticised Spain’s proposed windfall tax on its banks, warning it could damage the capital position of lenders, disrupt monetary policy and prove difficult to enforce....
04/11/2022
The Bank of England on Thursday is expected to deliver its biggest interest-rate increase in 33 years, stepping up an effort to rein in double-digit inflation.Source: Bloomberg
03/11/2022
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering - demand for natural gas and electricity both fell in the past quarter.Source:...
02/11/2022
European Central Bank President Christine Lagarde said the peak of the current cycle of interest-rate increases must ensure that inflation returns to the 2% target over the medium term.Source:...
01/11/2022
The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi...
31/10/2022
Chancellor of the Exchequer Jeremy Hunt is seeking to fill a fiscal shortfall of £35 billion ($41 billion) when he sets out the government’s tax and spending plans next month, officials familiar with...
27/10/2022
The European Central Bank is expected to start the delicate process of shrinking its balance sheet this week after eight years of bond purchases and generous lending more than quadrupled its total...
26/10/2022
European natural gas prices have dropped below €100 per megawatt hour for the first time since Russia slashed supplies this summer, with warm weather and close-to-full gas storage easing concerns...
25/10/2022