Russia Wants OPEC+ To React To Oil Demand Recovery
Russia will propose to OPEC+ to react to the recovery in global oil demand, which has now reached 90 percent of the levels seen before the pandemic, Russia’s Energy Minister Continue Reading
Calls mount for Germany to rethink Nord Stream 2 after Navalny poisoning
A European response that involves the Nord Stream 2 gas pipeline is needed against Russia after the poisoning of Kremlin critic Alexei Navalny with a Soviet-style Novichok nerve agent, some Continue Reading
Euro zone July retail sales much worse than expected
Euro zone retail sales defied expectations of a rise in July and fell against June despite the lifting of COVID-19-related restrictions on economies, with clothes and shoes leading the decline Continue Reading
Europe’s Rebound Loses Momentum With Italy, Spain Shrinking
The euro area’s recovery ran out of steam midway through the third quarter, with gauges of activity pointing to contractions in Italy and Spain. While manufacturing output rose markedly in August, Continue Reading
Slammed by virus, France unveils huge economic rescue plan
Facing resurgent virus infections, France’s government is unveiling details Thursday of a 100 billion-euro ($118 billion) recovery plan aimed at creating jobs, saving struggling businesses and pulling the country out Continue Reading
Sweden Advances on Road to Fossil-Free Steel With Three-Way JV
A Swedish joint venture that hopes to rewrite the rules of steel production took a major step forward on Monday. Hybrit, an initiative run by steelmaker SSAB AB, iron ore Continue Reading
Rolls-Royce says demand for luxury cars is recovering
The chief executive of Rolls-Royce said demand for his company’s luxury cars is rebounding, helped by sales in Asia, and he is optimistic about the outlook for next year after Continue Reading
European Factories Brace for Economic Rebound to Falter
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German Joblessness Falls Again Amid Revival of Economic Activity
German unemployment eased for a second month as the economy slowly recovered from the coronavirus pandemic. A drop of 9,000 in August left the total number of jobless people at 2.92 Continue Reading
Covid: Venezuela seeks testers for Russian vaccine
Earlier this month, President Maduro said he would be the first to get vaccinated Venezuela’s President Nicolás Maduro has announced he will be asking for volunteers to test the Covid-19 Continue Reading