Explainer: why the US Inflation Reduction Act is gripping Europe

PARIS, Dec. 5 (Reuters) – Top European Union officials will use a trade meeting with US counterparts on Monday to raise concerns about Washington’s massive new green energy subsidy package. While EU countries welcome the new commitment to the energy transition, they fear the $430 billion Inflation Reduction Act (IRA) will put their companies at … Read more

Why Makron? Biden’s state dinner highlights France’s appeal to the US

WASHINGTON, Nov 30 (Reuters) – President Joe Biden’s welcoming of French President Emmanuel Macron during the first state visit from the White House on Thursday since the US Democrat took office in early 2021 is being celebrated by officials from both countries as a recognition of France’s status as America’s oldest ally. The visit also … Read more

A bomb is injured at the Ukrainian embassy in Madrid, Kiev steps up security

MADRID/KYIV, Nov 30 (Reuters) – A security officer at the Ukrainian embassy in Madrid was injured on Wednesday when he opened a letter bomb addressed to the ambassador. The letter, which arrived by regular mail and had not been scanned, caused “a very small wound” to one finger when the officer opened it in the … Read more

EU fails to reach agreement on Russian oil price cap, diplomats say

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on a price cap for Russian crude oil by sea on Monday, as Poland insisted the cap should be set lower than proposed by the G7 to boost Moscow’s ability to deliver its to finance invasion of Ukraine, diplomats said. “There is no deal. … Read more

Germany is in talks with allies over Polish insistence on sending Patriots to Ukraine

NATO says the decision on whether to deploy Patriots depends on a specific country Poland asked to send German launchers to Western Ukraine BERLIN/WARSAW, Nov 25 (Reuters) – Germany said on Friday it was discussing with allies Poland’s request to send German Patriot air defense units to Ukraine after the NATO chief suggested the military … Read more

Adidas launches investigation into allegations of misconduct against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) said on Thursday it has launched an investigation into allegations of inappropriate behavior by Kanye West after the German sporting goods manufacturer ended its partnership with the rapper and fashion designer last month. Adidas said it initiated the investigation after receiving an anonymous letter containing several allegations against … Read more

Researchers test mRNA technology for universal flu vaccine

Nov 24 (Reuters) – An experimental vaccine provided broad protection against all 20 known subtypes of the influenza A and B virus in initial tests in mice and ferrets, potentially opening a path to a universal flu shot that could help future pandemics prevent, according to a US. study published on Thursday. The two-dose vaccine … Read more

Europe hardest hit by global slowdown -OECD

Global growth to fall from 3.1% in 2022 to 2.2% in 2023 National outlooks vary widely, with the UK lagging behind other economies Central banks urged interest rates to keep raising rates PARIS, Nov. 22 (Reuters) – The global economy should avoid recession next year, but the worst energy crisis since the 1970s will trigger … Read more

Stocks Wipe China’s COVID Sidewalks, Dollar Pulls Back

LONDON, Nov 22 (Reuters) – Global equities rose on Tuesday, recouping some of the previous day’s losses as investors’ improved risk appetite boosted flows into equities and commodities, amid concerns over more COVID infections in China kept profits under control. The Federal Reserve will release minutes from its most recent meeting on Wednesday, during which … Read more

Ukrainians brace for a harsh winter as Russian attacks cripple power capacity

Ukrainians are bracing for winter with little or no heating Temperatures in several areas already below freezing Kherson residents may express interest in moving elsewhere Ukraine’s security services raid the famous Kiev monastery KYIV, Nov. 22 (Reuters) – President Volodymyr Zelenskiy appealed to Ukrainians to conserve energy amid brutal Russian attacks that have already halved … Read more