Category: European Union

How Biden’s Climate Push Could Spur a Trade War With Europe

The New York Times – Business:
The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance.
Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged

The New York Times – Business:
The group, OPEC Plus, reaffirmed an output cut in October as “the right course of action” but outlined no further changes before an E.U. embargo of Russian oil begins on Monday.
Ukraine’s Allies Agree on Russian Oil Price Cap

The New York Times – Business:
The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.
E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.

The New York Times – Business:
The price cap, devised by Group of 7 countries and their allies, aims to limit Russia’s revenue while averting a global oil shock.
Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions

The New York Times – Business:
The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.
Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge

The New York Times – Business:
The shape of the war, and its effects on global markets, in the months and years to come could determine the president’s political fate.
Meta Fined $275 Million for Breaking E.U. Data Privacy Law

The New York Times – Business:
The penalty, imposed by Irish data regulators, brings European fines against Facebook’s parent company to more than $900 million since last year.
Ukraine’s Allies Struggle to Agree on Plan to Curb Russia’s Oil Revenue

The New York Times – Business:
The policy must be in place before an E.U. embargo on Russian oil imports kicks in on Dec. 5. The talks are set to resume next week.
Will Taxing the Windfall Profits of Oil Giants Fix Countries’ Economies?

The New York Times – Business:
Britain is raising a tax on gas and oil producers, and adding a levy on companies that supply electricity — a similar approach to that of other governments chasing revenue.
US Extends Enforcement of Sanctions on Russian Oil Deliveries to January

The New York Times – Business:
No decision has been made on the price of the oil cap, which will take effect in five weeks.
In the Netherlands, Balancing Energy Security Against Climate Concerns

The New York Times – Business:
A central location and web of gas pipelines are helping boost gas imports in the country even as it tries to stick to its clean energy goals.
Biden’s ‘Made in America’ Policies Anger Key Allies

The New York Times – Business:
The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.