The economy has been resilient despite higher prices stemming from the war in the Middle East, but that could change quickly if cold weather forces countries to tap depleted gas reserves.
Category: Europe
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Why Europe Really, Really Needs a Mild Winter
The New York Times – Business: -
Carney Calls for E.U.-Canada Pact Amid ‘Ferocious Storm’
The New York Times – On the Runway:Prime Minister Mark Carney told European lawmakers that an alliance would help to secure sovereignty and independence for his country. The moves come amid a historic low for U.S. ties with Canada.
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Money Is Flowing Into Space Start-Ups. Some Investors See a SpaceX Effect.
The New York Times – Business:Open Cosmos, a European satellite maker, has raised $346 million, part of a wave of recent funding deals in the space sector.
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Defense Hiring Will Ease, Not End, Pain in European Car Industry
The New York Times – Business:An agreement to turn an ailing Volkswagen factory into a defense manufacturing hub offers hope for jobs. But a shift from “family vans to tanks” in Germany is not so simple.
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European Central Bank Raises Rates in Bid to Quell Inflation
The New York Times – On the Runway:The bank, fighting price pressures spurred by the war in the Middle East, raised its benchmark rate to 2.5 percent.
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Russian Drone Incursion Delayed Zelensky Flight to Oslo, Moldova Says
The New York Times – On the Runway:An airspace closure delayed the Ukrainian leader’s trip between Moldova and Norway, officials said. They did not confirm a claim by Norway’s prime minister that a drone had “almost hit” the plane.
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Why November Is Becoming the Best Time for Off-Season Travel
The New York Times – Travel:The increasing popularity of September and October travel has changed the traditional shoulder season, leaving sporadic midweek troughs and a few weeks in November.
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Eurail, the Longtime Savior of Shoestring Backpackers, Ditches Its Name
The New York Times – Travel:The flexible train ticket is rebranding itself as the Interrail Pass. For many travelers, the old name evokes a bygone era of freewheeling European travel.
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How Fighting Fires Became an All-of-Europe Project
The New York Times – On the Runway:The European Union isn’t known for firefighting expertise. But with the continent ablaze, Brussels is playing a growing role.
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Travelers Face More Delays After Major Disruption at British Airports
The New York Times – Travel:An air traffic control problem caused more than 1,000 flight cancellations on Tuesday, and airlines warned that the effects could linger.