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Category: Europe

Category:
  • Germany

Some 300,000 jobs in metal/electrical industry at risk due to coronavirus: union

The coronavirus crisis has put some 300,000 jobs at risk in Germany’s metal and electrical industry, a board member of trade union IG Metall said, adding that employees in the Continue Reading

Posted On : 23 Jul 2020 Published By : Tom Whipple
Category:
  • Sweden

Sweden’s Coronavirus Approach Doesn’t Pay Off for the Economy

Sweden and Norway took very different approaches to controlling Covid-19, with the latter swiftly adopting strict lockdown controls and ramping up testing, while the former attempted to combat the virus Continue Reading

Posted On : 23 Jul 2020 Published By : Tom Whipple
Category:
  • Italy

Prosecutor Seeks 8 Years Jail for Eni CEO on Bribe Charge

A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal. The court should reach Continue Reading

Posted On : 22 Jul 2020 Published By : Tom Whipple
Category:
  • Germany
  • Sweden

Coal Demise Forces $1 Billion Writedown for Swedish Utility

Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish Continue Reading

Posted On : 22 Jul 2020 Published By : Tom Whipple
Category:
  • Economy
  • Europe

Plateau in European activity points to economic headwinds

Parts of the European economy which were hardest-hit by the pandemic are showing signs of recovery but other areas of activity that began to bounce back earlier have leveled off, Continue Reading

Posted On : 22 Jul 2020 Published By : Tom Whipple
Category:
  • Climate
  • Europe

EU Presents $572 Billion Green Stimulus Package

European Union leaders agreed on Tuesday to allocate more than US$572 billion (500 billion euro), or 30 percent of the massive stimulus package , for investments in policies to fight Continue Reading

Posted On : 22 Jul 2020 Published By : Tom Whipple
Category:
  • Russia

Russia Mulls Military Spending Cuts As Low Oil Prices Weigh On Economy

Struggling with a recession amid low oil prices and measures to curb the pandemic, Russia is mulling over cutting its military budget by 5 percent between 2021 and 2023, recommendations Continue Reading

Posted On : 22 Jul 2020 Published By : Tom Whipple
Category:
  • Europe

EU reaches ‘historic’ deal on pandemic recovery after marathon summit

European Union leaders clinched an “historic” deal on a massive stimulus plan for their coronavirus-throttled economies in the early hours of Tuesday, after a fractious summit that lasted almost five Continue Reading

Posted On : 21 Jul 2020 Published By : Tom Whipple
Category:
  • Electric Cars
  • Germany

Volkswagen’s new European charging service has 150K+ public charging points

Volkswagen is rolling out its own charging service to coincide with the market launch of the ID. family. With We Charge, customers will be able to charge their electric vehicles Continue Reading

Posted On : 21 Jul 2020 Published By : Tom Whipple
Category:
  • Europe

EU leaders say progress in virus recovery summit, but warn talks could still fail

EU leaders were making progress on Monday after three days of haggling over a plan to revive economies throttled by the COVID-19 pandemic, but Dutch Prime Minister Mark Rutte warned Continue Reading

Posted On : 20 Jul 2020 Published By : Tom Whipple

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