Europe’s green bond market has a new big buyer in the EIB
There is a new buyer in Europe’s ESG corporate bond market as the European Investment Bank starts taking a bumper share of new green bond sales.
Italy won’t reduce vast debt pile anytime soon, IMF warns
Italy will now still be stuck with a debt burden above 140 per cent of gross domestic product even in five years’ time, according to the International Monetary Fund.
Oil jumps, stocks drop on Middle East conflict: markets wrap
Oil surged more than five per cent and investors sought safety in gold, bonds and the dollar after Hamas’s surprise attack on Israel sparked fears of a wider conflict.
EU Formally Opens Anti-Subsidies Probe Into EVs Made in China
The European Union has formally launched an anti-subsidies probe into electric vehicles manufactured in China, setting in motion a one-year investigation that could see provisional…
Eurozone core inflation hits 1-year low, backing ECB pause
Euro-area core inflation eased to its slowest pace in a year, supporting expectations that the European Central Bank will keep interest rates on hold to gauge the impact of…
Macron bypasses parliament vote on budget with maligned tool
French President Emmanuel Macron is bypassing parliament votes to push ahead with his plans to cut debt, boost green and defence spending, and secure access to billions of…
German labour market shows signs of cracking as economy struggles
German companies are thinking twice about hiring staff amid an increasingly uncertain economic environment, according to a study by the Ifo Institute.
‘EU must choose between cheaper power or protecting wind industry’
Europe will have to decide whether it wants to reduce electricity prices or protect its wind turbine manufacturers from low-cost Chinese competitors, said the boss of TotalEnergies…
EU warns China it will be ‘more assertive’ on fair trade
The European Union’s chief trade negotiator warned China on Monday during his trip to the nation that the bloc will be more forceful in upholding fair competition and defending…
Booking’s €1.6 billion Etraveli deal blocked by EU
Booking Holdings Inc.’s €1.6 billion ($1.
EU Commission preparing to recommend Ukraine membership talks
The European Union’s executive arm is preparing to recommend starting membership talks with Ukraine in earnest, offering a boost to Kyiv as it seeks to ensure that allies…
Euro set for record run of losses as ECB seen done raising rates
The euro was headed for the longest streak of losses since its inception on bets the European Central Bank is done raising interest rates.
ECB hikes interest rates in 10th salvo to quash inflation
The European Central Bank raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy.
UK confirms three-month delay to post-brexit border checks
The UK government confirmed a three-month delay to post-Brexit border checks on European food imports that were due to begin in January 2024.
Zelenskiy fires top military draft officers in anti-graft push
Ukrainian President Volodymyr Zelenskiy dismissed all regional heads of military recruitment in his country to root out corruption as he seeks to maintain morale in the face…
Germany’s Scholz vows to fight ‘enemies of democracy’ as ‘far right’ surges
In a clear reference to the AfD, Scholz warned that some parties are exploiting ordinary citizens’ fears, driving a wedge into society and trying to weaken the European…
Ecuador assassination prompts state of emergency ahead of vote
Ecuador’s president declared a 60-day state of emergency in the Andean nation after the assassination of presidential candidate Fernando Villavicencio, calling the killing…
S&P Drops ESG scores from debt ratings after investor confusion
S&P Global Inc. will no longer publish ESG scores along with its credit ratings, as the company adjusts its approach in response to investor feedback.
France is Europe’s top power exporter as Germany turns importer
France has overtaken Sweden to become Europe’s top net power exporter, while Germany has moved from exporter to importer during the first half of this year.
China’s push to expand BRICS membership falters
India and Brazil are pushing back against a Chinese bid to rapidly expand the BRICS group of emerging markets to grow its political clout and counter the US, officials with…
EU opens antitrust investigation against Microsoft
Microsoft Corp.
Niger soldiers claim military coup after President is detained
Soldiers in Niger claimed to have seized control of the West African nation after President Mohamed Bazoum was detained by the presidential guard.
Meloni may signal plan to exit China Pact during US visit
Italian Prime Minister Giorgia Meloni could notify the US as soon as this week about her plan to pull Italy out of a controversial investment pact with China, according to…
Italy strikes deal with EU to unlock third tranche of recovery fund
Italy and the European Union have agreed on a deal that will unlock a long overdue third instalment of Recovery Fund cash, with some of the money and targets pushed to the…
Dutch tech hub mayor warns EU is lagging behind on innovation support
The European Union is falling behind on support for new technologies as it risks becoming dependent on the US and China, according to the mayor of a major Dutch tech hub.
EU set to exit from controversial energy charter treaty
The European Union is set to announce this week its withdrawal from the controversial Energy Charter Treaty, after a small group of nations argued that it clashes with international…
Australia says EU’s offer on free trade isn’t ‘good enough’
The European Union has failed to offer Australia satisfactory terms to seal a free-trade accord, Trade Minister Don Farrell said, as small but important sticking points threaten…
Apple defies EU over antitrust charges in Spotify probe
Apple Inc.
Ruble hits weakest in 15 months after Wagner challenges Putin
The ruble weakened as much as three per cent against the dollar on Monday, the most this year, after a mutiny by mercenary commander Yevgeny Prigozhin, whose brief uprising…
EU climate chief fears green deal risks hit from ‘culture wars’
The European Union’s landmark green deal is at risk of being dragged into the “culture wars,” said the bloc’s climate chief Frans Timmermans as he warned that plans…