Browsing: Europe

The EU increased natural gas purchases from Russia in 2023, despite pledging to phase out all Russian fuel imports by 2027, Reuters reported on Wednesday, citing calculations based on the bloc’s trade statistics.

The ECB kept borrowing costs at record highs at the meeting but started to cautiously lay the groundwork to lower them in June

LONDON – European stocks rose to a new all-time high on Tuesday and the dollar held firm, as traders reduced their expectations for U.S. Federal Reserve rate cuts and waited for euro zone inflation data to give clues about the European Central Bank’s path.

Attracted by better wages, the Emirates has witnessed an influx of professionals and workers from Asia, the US, Europe and the Middle East

Moscow has introduced tight requirements for companies wishing to divest, ensuring local buyers receive major discounts on businesses that are leaving

A group of leading German economic institutes have slashed growth forecasts for the EU’s top economy in 2024 to 0.1% from an earlier projection of 1.3%.

The transit line through Ukraine remains the only route to supply Russian gas to western and central European countries

The struggling German economy will likely end the first quarter of the year in recession, and is not expected to recover for the rest of 2024, the central bank warned in a monthly report published on Monday.

New import duties on Russian agriculture would only further disrupt the global food supply, Moscow has warned

Doing business in the sanctioned country poses a reputational risk, the European Central Bank has warned