Europe’s and America’s gradual restrictions on Russian oil trade are raising stakes in a protracted economic standoff that is reshaping the global energy market.
Category: Europe
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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.
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A United Europe Weathers Crises, but Deeper Challenges Remain
The New York Times – Business:Differences on NATO and E.U. enlargement, energy and climate, and relationships with the United States, China, Russia and Ukraine will prime Davos talks.
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The War in Ukraine Upended Energy Markets. What Does That Mean for the Climate?
The New York Times – Business:Almost a year after Russia launched its invasion, assessing the impact on the oil industry and greenhouse gas goals is not so simple.
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As Humanitarian Crises Escalate, So Do Demands to End Them
The New York Times – Business:David Miliband, head of the International Rescue Committee, says the global refugee crisis “is manageable, not insoluble.”