Europe may have avoided the worst-case economic scenario envisioned after the invasion of Ukraine, thanks to a dramatic drop in energy prices.
Category: Europe
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European Natural Gas Price Falls to Lowest Level Since 2021
The New York Times – Business: -
‘The World’s Largest Construction Site’: The Race Is On to Rebuild Ukraine
The New York Times – Business:As the country’s leaders lay postwar plans, companies from around the world are jockeying for advantage in what could be a multibillion-dollar effort, although one loaded with risk.
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European Central Bank Raises Rates Again
The New York Times – Business:Another half-point increase pushed rates to the highest levels since 2008, and the bank said it “expects to raise them further.”
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Eurozone Inflation Falls in January as Energy Costs Ease
The New York Times – Business:Prices rose at an annual rate of 8.5 percent last month, down from 9.2 percent in December, but signs of persistent cost increases remain.
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Europe’s Economy Edges Higher, Heading Off Forecasts of Recession
The New York Times – Business:The eurozone economy grew 0.1 percent late last year, a reflection of modestly rising optimism as energy prices have eased, but risks remain.
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At Davos, European Distress Over a ‘Made in America’ Law
The New York Times – Business:The U.S. Inflation Reduction Act stirred talk of a trade war, but also proposals for a similar E.U. initiative to stimulate green investment.
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The Only H.I.V. Vaccine in Advanced Trials Has Failed. What Now?
The New York Times – Business:Janssen Pharmaceuticals ended a global trial after independent experts determined the vaccine was not effective. But there are other possibilities in the pipeline, scientists said.
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In Swiss Alps, Some Wonder What a Future Without Snow May Mean
The New York Times – Travel:An unusually warm winter has forced a rethink about climate change in areas with lower peaks as ski resorts and sporting events face an uncertain future.