Sanctions on Russia are racing against war fatigue in Europe

This article is an onsite version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Welcome back. This weekend I’m looking at war fatigue in Europe and the US, and the impact of western sanctions on Russia. But first, thanks for voting … Read more

Macquarie Targets North Sea as the Green Energy Hub of Europe

Breadcrumb Trail Links PMN Business Macquarie Group Ltd. is betting the North Sea — engine of the UK’s once-booming oil and gas industry — can be transformed into the green energy hub of Europe. Author of the article: Bloomberg News Rachel Morison, Todd Gillespie and Isis Almeida 1rl33{ed98jq4qtat061pyvd_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Macquarie … Read more

Europe and Asia intensify battle to secure gas supplies

The battle between Asia and Europe to lock in gas supplies is stepping up a gear, heightening the risks of a further surge in prices that would add fresh fuel to the cost of living crisis. Japan and South Korea, the world’s second and third-biggest importers of liquefied natural gas, are looking to secure supplies … Read more

Charting the Global Economy: GDP Declines in US, Rises in Europe

Breadcrumb Trail Links PMN Business Major economies diverged in the most-recent quarter, underscored by a second-straight decline in US gross domestic product while results for the euro-zone shocked to the upside. Author of the article: Bloomberg News Molly Smith and Vince Golle Publishing date: Jul 30, 2022  •  54 minutes ago  •  3 minute read  •  … Read more

Insurance M&As increase 26% in Europe despite inflationary pressure

A report by U.S.-based business advisory firm FTI Consulting Inc. said the number of mergers and acquisitions in the European insurance sector increased 26% year-on-year to 110 in the second quarter of the year, Reinsurance News reported. M&As increased despite rising interest rates and inflationary pressure in the region, with the U.K. and Ireland accounting … Read more

Monkeypox strain in India different from Europe, says ICMR-NIV study

A team of Indian scientists have found that the monkeypox virus strain circulating in the country is different from the strain that caused ‘superspreader events’ in Europe, leading to a global outbreak of the disease. The team from Indian Council of Medical Research-National Institute of Virology (ICMR-NIV), Pune, conducted genetic sequencing of … Read more

Russia cuts gas flows further as Europe makes savings plea

Breadcrumb Trail Links PMN Business Author of the article: Reuters Paul Carrel and Christoph Steitz Article content BERLIN/FRANKFURT — Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage … Read more

Europe Energy Prices Keep Soaring as Russia Tightens Supply

Breadcrumb Trail Links PMN Business European energy prices extended a scorching rally as Russia tightened its grip on the region’s energy supply, further threatening the economy and key markets. Author of the article: Bloomberg News Anna Shiryaevskaya nlsgzk6p7p]s75w67vuj}3vj_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — European energy prices extended a scorching rally as Russia tightened its … Read more

Europe risks protracted gas crisis, deep recession, economists say (NYSEARCA:UNG)

onurdongel/E+ via Getty Images European gas prices have surged 30% in two days after Russia said it would slash gas deliveries in half from already reduced levels, and economists warn that the continent’s gas prices may remain elevated for years to come. Futures contracts for delivery next month tied to TTF, the European benchmark wholesale … Read more