Category: Europe

Rising Fuel Prices Could Force Excruciating Choices on Economic Policies

The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-term damage.
Meta Charged With Failing to Keep Children Off Instagram and Facebook in Europe

European Union regulators said the company did not have effective controls to check a user’s self-declared date of birth, in violation of an online safety law.
Meta Charged With Failing to Keep Children Off Instagram and Facebook in Europe

European Union regulators said the company did not have effective controls to check a user’s self-declared date of birth, in violation of an online safety law.
The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can

Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
Lufthansa Cuts 20,000 Flights to Save Fuel Amid Iran War Price Surge

Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.

High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
European Airlines Face Fuel Shortages Within Weeks

If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
Debt Alarms Ring as Countries Rack Up More Emergency Spending

Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
Fallout of War Piles Economic Pain Onto Europe’s Political Stress

Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.
European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut

An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
White House Secures Foreign Steel for Ballroom Project

ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom.