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

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

France’s Macron accuses Russia of ‘predatory’ influence in Africa

PARIS, Nov. 20 (Reuters) – President Emmanuel Macron accused Russia of running anti-French propaganda in Africa to serve “predatory” ambitions in troubled African countries, where France has suffered military setbacks in recent years and a greater loss of influence past. Speaking on the sidelines of a summit of francophone countries in Tunisia, Macron was asked … Read more

Morning offer: Bulls take cover

A look at Anshuman Daga’s European and global markets ahead of the day ahead: Enthusiasm over recent moves by Chinese authorities to revise the country’s zero-COVID policy is giving way to renewed caution as Beijing’s number of COVID cases rose, causing stocks and currencies to become risk averse, while oil prices reached its lowest point … Read more

Europe is rushing to fill up on Russian diesel before the ban kicks in

LONDON, Nov. 21 (Reuters) – European traders are scrambling to fill tanks in the region with Russian diesel before an EU ban takes effect in February as alternative sources remain limited. On February 5, the European Union will ban the import of Russian oil products, on which it heavily depends for its diesel. That follows … Read more

France, Germany, Spain agree to continue development of FCAS combat aircraft – Berlin

BERLIN/PARIS, Nov 18 (Reuters) – France, Germany and Spain have agreed to start the next phase of development of a new fighter jet called FCAS, Europe’s largest defense project with an estimated cost of more than 100 billion euros ($103.4 billion). ), the German government said on Friday. The defense ministry said in a statement … Read more

Quarrel over war in Ukraine dominates summit of G20 major economies

Draft statement: ‘Most’ G20 members condemn war in Ukraine Ukrainian Zelensky insists on his plan to end the conflict Indonesia calls for an end to political polarization US President Biden skips gala dinner on Bali island NUSA DUA, Indonesia, Nov 15 (Reuters) – A Western-led push to condemn Russia’s invasion of Ukraine dominated Tuesday’s Group … Read more

Russian Lavrov rejects reports that he was taken to hospital at the G20

Lavrov rejects the Associated Press report AP: Lavrov was being treated for a heart condition Governor of Bali: Lavrov has been checked in good health at the hospital NUSA DUA, Indonesia, Nov 14 (Reuters) – Russian Foreign Minister Sergei Lavrov on Monday dismissed a news agency report that he had been taken to hospital with … Read more

Biden, Xi prepare for a meeting ahead of the G20 summit overshadowed by Ukraine

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping arrived on the Indonesian island of Bali on Monday for a much-anticipated meeting with US President Joe Biden ahead of a Group of 20 (G20) summit on the verge of is about to become fraught with tension over the Russian invasion of Ukraine. The … Read more