Europe is importing a record amount of seaborne Russian gas, highlighting how the region has not completely shaken off its dependence on the country for the crucial fuel even as flows through...
Europe's retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living crisis and the distraction of the soccer...
28/11/2022
Energy ministers have delayed approval of EU plans to address the energy crisis after several member states threatened to block the measures unless changes are made to a plan to cap gas prices.Source...
25/11/2022
Energy traders would have to stump up an additional $33bn in margin payments if a plan by Brussels to cap the price of a key European gas benchmark goes ahead, a leading exchanges operator has warned...
24/11/2022
Metalworking union IG Metall struck a wage deal with Volkswagen (VOWG_p.DE) for the carmaker's western German factories that hewed closely to an earlier agreement for the wider metal engineering...
23/11/2022
The European Central Bank needs to maintain the pace of rate rises at its next vote to convince the public that policymakers are “serious” about taming inflation, said Austria’s hawkish central bank...
22/11/2022
Regulators and policymakers are calling for action to address the risks associated with pension funds’ use of derivatives, after key watchdogs admitted last week that they were unprepared for the...
21/11/2022
Germany has warned of local oil shortages when the EU-wide ban on Russian oil comes into force in January, in a further sign of the disruption Europe’s energy crisis is wreaking on the continent’s...
18/11/2022
Europe shouldn’t let its guard down on conserving energy despite the recent drop in natural gas prices and success in refilling inventories, according to the region’s top operator of gas...
17/11/2022
Europe's banks risk a significant hit to their profits if house prices across the region begin to slide, regulators and ratings agencies have warned.Source: Reuters
16/11/2022