CNN — The US and allies are trying to further limit Russia’s ability to make money and finance its war efforts with new price limits on products like gasoline and fuel oil, a senior Treasury official announced Friday – adding to sanctions on Russian energy sales in response to the country’s invasion of Ukraine. “Our […]
London CNN — Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to data published Tuesday, providing fresh evidence that Europe’s economy could confound expectations and dodge a recession this year. An initial reading of the eurozone’s Purchasing Managers’ Index, which tracks activity […]
London CNN — Most winters, headlines warn that Britain’s National Health Service (NHS) is at “breaking point.” The alarms sound over and over and over again. But the current crisis has set warning bells ringing louder than before. “This time feels different,” said Peter Neville, a doctor who has worked in the NHS since 1989. […]
London CNN Business — Europe has agreed to a cap on natural gas prices, following months of debate over whether the measure will protect European households and businesses from extreme price spikes as temperatures plummet. In a Monday meeting, EU energy ministers agreed to trigger a cap on the price of month-ahead natural gas futures […]
London CNN — European Union governments have reached a deal on the world’s first major carbon border tax, as part of an overhaul of the bloc’s flagship carbon market that aims to make its economy carbon-neutral by 2050. EU ministers finalized details of the Carbon Border Adjustment Mechanism early Sunday after reaching a provisional agreement […]
London CNN Business — The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most imports comes into force. News of the deal, which had needed approval from holdout Poland, was confirmed on Twitter by the president of the European Commission, Ursula von […]
CNN — Chinese President Xi Jinping has acknowledged the frustration within China amid his government’s unrelenting zero-Covid strategy, a European Union official told CNN, in his first known remarks on the protests that have erupted across the country in recent days. Xi told visiting European Council President Charles Michel in Beijing on Thursday that the […]
London CNN Business — Europe is becoming increasingly reliant on China for trade, and many of its top companies are eager to invest in the world’s second biggest economy despite the disruption caused by Covid lockdowns. But a souring relationship with an increasingly unpredictable Beijing, regret about the price Europe has paid for getting too […]
London CNN — Britain’s Supreme Court has ruled that Scotland’s government cannot unilaterally hold a second referendum on whether to secede from the United Kingdom, in a blow to independence campaigners that will be welcomed by Westminster’s pro-union establishment. The court unanimously rejected an attempt by the Scottish National Party (SNP) to force a vote […]
London CNN Business — The last time a British finance minister revealed tax and spending plans, markets went haywire and the country’s prime minister ultimately lost her job. The new government is not looking for a repeat performance. On Thursday, Chancellor Jeremy Hunt is due to unveil a budget that will aim to restore confidence […]
