Category: European Union

Eurozone Prices Rose in April, as Central Bank Seeks to Tame Inflation

The annual rate of inflation reached 7 percent, but the underlying “core” rate eased for the first time in 10 months.
Russia’s Gas Exports Are Expected to Slide in 2023

Once Europe’s mainstay source of natural gas, Russia’s pipeline exports this year are now likely to be half of last year’s total, analysts and the Russian media say.
Britain and the Netherlands Agree on a North Sea Power Link

The undersea connection between a Dutch wind farm and Britain could be a step toward more renewable energy to counter Russia and tackle climate change.
Ceuta F.C.: A European Team That Calls Africa Home

A.D. Ceuta, one of only two European soccer clubs based on the African continent, sees itself as a unifying force at a cultural crossroads.
U.S. and E.U. Face Uphill Fight in Keeping Chips Out of Russia

Western technology goods are winding up in Russian missiles, raising questions about the efficacy of sanctions.
As U.S. Tries to Isolate China, German Companies Move Closer

Some are expanding in China, reluctant to leave a huge market they need to finance operations back home.
Airbus to Double Production in China as It Moves Ahead With New Orders

The French plane maker’s deal comes despite pressure on Europe from the Biden administration to isolate Beijing.
F.T.C. Orders Gene-Sequencing Company Illumina to Divest Acquisition

The New York Times – Business:
The move by the commission is seen as a test of regulators’ efforts to prevent big companies from buying small innovators.
New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The New York Times – Business:
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
Germany and E.U. Agree to Exception in Planned Ban on Combustion Engines

The New York Times – Business:
Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate goals.
As Zelensky Visits Kherson, World Bank Says Ukraine Needs $411 Billion to Rebuild

The New York Times – Business:
The bank released a significantly higher figure as European Union leaders approved plans to provide Kyiv with one million artillery shells over the next 12 months.
Germany Pushes for Exception in Law Banning Combustion Engines

The New York Times – Business:
Berlin and Brussels are scrambling for a solution after Germany calls for allowing cars to run on synthetic fuels. The move could endanger the E.U.’s climate goals.