Europe news

Europe news Главные события мировой экономики, промышленности и новейших технологий

South Korean solar energy company Qcells on Wednesday said it would invest $2.5 billion to expand its manufacturing capa...
21/01/2023

South Korean solar energy company Qcells on Wednesday said it would invest $2.5 billion to expand its manufacturing capacity in the United States, creating as many as 2,500 jobs in Georgia.
The announcement by the solar division of conglomerate Hanwha Corp is one of the biggest corporate manufacturing commitments since the passage of U.S. President Joe Biden's Inflation Reduction Act (IRA), which includes over $300 billion in subsidies to tackle climate change.
Some of those incentives are aimed at boosting domestic manufacturing of clean energy products that are currently made primarily in China, such as solar cells and panels.

NEW YORK (Reuters) - A tumultuous start for the new U.S. Congress has some investors worried about what could be a prolo...
21/01/2023

NEW YORK (Reuters) - A tumultuous start for the new U.S. Congress has some investors worried about what could be a prolonged battle over raising the U.S. debt ceiling later this year.
The U.S. Treasury is expected to reach its mandated $31.4 trillion borrowing limit in 2023, and Republicans see that as an opportunity to curb President Joe Biden's spending on Democratic initiatives such as climate change and new social programs.
While fights over raising the debt limit are nothing new in Washington, some investors worry the Republican party's narrow majority in Congress could give the party’s hard-liners the upper hand, making it much harder to reach a deal this time around.

Ryanair is closing its Brussels Zaventem base because of the airport's decision to increase prices from April, it said o...
20/01/2023

Ryanair is closing its Brussels Zaventem base because of the airport's decision to increase prices from April, it said on Wednesday.
Europe's largest budget airline said the airport's decision comes at a time when most European airports are reducing prices to recover traffic lost during the COVID-19 pandemic.
"Despite recent rumours, we will not be reopening our Brussels Zaventem base in summer 2023 due to Zaventem Airport's decision to increase prices by 11% for airlines and passengers from April 2023," Chief Executive Michael O'Leary said in a statement.

FRANKFURT (Reuters) -The European Central Bank must still raise interest rates "significantly" over its coming meetings ...
20/01/2023

FRANKFURT (Reuters) -The European Central Bank must still raise interest rates "significantly" over its coming meetings to restrict growth and dampen inflation, which has been far too high, Finnish central bank chief Olli Rehn said on Wednesday.
The ECB has raised rates by a combined 2.5 percentage points since July and promised "a steady pace" of hikes over the coming months but some policymakers have started to argue that a peak in interest rates may be near given a looming recession.
"Policy rates will still have to rise significantly," Rehn, who sits on the ECB's rate-setting Governing Council, told a webinar with the Peterson Institute for International Economics. "This means significant rate hikes at this winter's remaining meetings."

The December snowstorms that sent Southwest Airlines (NYSE:LUV) and U.S. air travel into chaos last year may be sending ...
19/01/2023

The December snowstorms that sent Southwest Airlines (NYSE:LUV) and U.S. air travel into chaos last year may be sending a chill through markets' soft-landing hopes for the broader economy.
Traders took Wednesday's weak U.S. production, retail sales and producer price data badly, selling risk assets and buying safer ones. Bond markets shrugged off hawkish rhetoric from non-voting Fed officials Bullard and Mester to rally.

The dollar rose broadly on Thursday as growth concerns about the U.S. economy drove demand for the safe-haven greenback,...
19/01/2023

The dollar rose broadly on Thursday as growth concerns about the U.S. economy drove demand for the safe-haven greenback, while the yen rebounded as speculators doubled down on bets that the Bank of Japan would shift away from its yield curve control policy.
Weak U.S. data released on Wednesday showed that retail sales fell by the most in a year in December and manufacturing output recorded its biggest drop in nearly two years, stoking fears that the world's largest economy is headed for a recession.

The Japanese yen tumbled and bonds notched their biggest rally in two decades on Wednesday after the country's central b...
18/01/2023

The Japanese yen tumbled and bonds notched their biggest rally in two decades on Wednesday after the country's central bank stuck to its ultra-easy monetary policy, defying expectations that it would start phasing out its massive stimulus programme.
Speculation in the bond market that the BOJ would tweak its yield curve control (YCC) settings at the meeting that concluded on Wednesday had pushed 10-year government bond yields above the policy cap of 0.5% for a fourth straight session.

Japan's yen, long favoured as a safe-haven and funding currency, has in recent weeks become so enmeshed in market specul...
18/01/2023

Japan's yen, long favoured as a safe-haven and funding currency, has in recent weeks become so enmeshed in market speculation over central bank policy that Wednesday's decision to retain the status quo set off the steepest yen fall in nearly three years.
The yen dropped more than 2% after the Bank of Japan said it was sticking to its controversial yield control policy, in defiance of market expectations of a tweak to its yield cap or other settings. Those expectations had driven a 14% rally in the yen in the past three months. In the bond market, where the central bank has battled bond bears to defend its yield cap, the BOJ has bought up so many of Japan's outstanding 10-year government bonds that market liquidity has virtually dried up.

German inflation eased further in the final month of 2022, with consumer prices rising by 9.6% year on year in December ...
17/01/2023

German inflation eased further in the final month of 2022, with consumer prices rising by 9.6% year on year in December in harmonised terms, the federal statistics office said on Tuesday, confirming preliminary data.
This compared with an annual harmonised inflation rate of 11.3% in November and 11.6% in October.
For the whole of 2022, harmonised inflation came in at 8.7%, said the office, which publishes more detailed data on its website.

The pace of pay growth in Britain - which is being closely watched by the Bank of England as it gauges how much higher t...
17/01/2023

The pace of pay growth in Britain - which is being closely watched by the Bank of England as it gauges how much higher to raise interest rates - picked up more pace in the three months to November, official data showed on Tuesday.
Pay including bonuses rose by an annual 6.4% in the September-to-November period, the biggest increase since records began in 2001 excluding jumps during the COVID-19 period which were distorted by lockdowns and government support measures.

SINGAPORE (Reuters) - The dollar fell to a seven-month low against major peers on Monday while the yen surged to an over...
16/01/2023

SINGAPORE (Reuters) - The dollar fell to a seven-month low against major peers on Monday while the yen surged to an over seven-month peak, as traders ramped up bets that the Bank of Japan may make further tweaks to its yield control policy at its meeting this week.
The Aussie breached the key $0.7000 level for the first time since August, and last gained 0.29% to $0.6995, after rising as high as $0.7019 earlier in the session.
Similarly, the euro hit a fresh nine-month top of $1.0874, and was last 0.23% higher at $1.08565.

Address

43 Guildford Road

Website

Alerts

Be the first to know and let us send you an email when Europe news posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

  • Address
  • Alerts
  • Claim ownership or report listing

  • Want your business to be the top-listed Media Company?

Share