Nord Stream 2 sanctions would be ‘counter-productive’ for European ties – Biden
U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe.
EU leaders to debate who will pay for green transition
European Union leaders meet on Tuesday to debate how to split the efforts and costs of the bloc’s shift to a low-carbon future, at a summit that will set the tone for an upcoming revamp of EU climate change policies.
Hyundai raises hydrogen game as new trucks roll into Europe
South Korea’s Hyundai Motor (005380.KS) plans to ship a new series of fuel-cell trucks to Europe later this year, turning up the heat on rivals in a battle to test the viability of hydrogen-powered heavy goods transport.
EU lawmakers give final approval to bloc’s green transition fund
The European Parliament on Tuesday formally approved the European Union’s multi-billion euro fund to support countries as they wind down fossil fuel industries, as the bloc overhauls its economy to fight climate change.
Asian shares push higher, dollar eases
Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push gold prices to three-month highs. Equities in Europe and the United States looked set to follow. FTSE futures rose 0.76% and EuroSTOXX 50 futures traded 0.68% higher, while S&P 500 futures were up 0.33%. MSCI’s […]
Germany’s 2021 election and why it matters to markets
It’s rare for German elections to be exciting, market-moving events but the one on Sept. 26 may prove the exception if its outcome completes the transformation of a nation long wedded to austerity into a big spender. The election will end Angela Merkel’s 16-year stint at the helm of Europe’s biggest economy, and the Greens […]
Traders book tankers in Europe to ship gasoline across Atlantic after Colonial shutdown
Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States’ top fuel pipeline network, Refinitiv Eikon data showed on Monday.
Carbon emissions drop across Europe in 2020 – Eurostat
Carbon emissions from use of fossil fuels fell across the European Union last year, the bloc’s statistics office estimated on Friday, citing COVID-19 restrictions that shut down travel and factories across the region. CO2 emissions from the combustion of fossil fuels – such as oil, coal and natural gas – dropped 10% in 2020 compared […]
Barclays, BNP Paribas see equities bonanza outweigh fixed income slide
Barclays (BARC.L) and BNP Paribas (BNPP.PA) reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products. The topsy-turvy trading results for two of Europe’s biggest remaining investment banks highlighted how volatile markets amid the global pandemic caused seesawing demand for different asset classes. Barclays’ January-March profit more than doubled […]
London Heathrow Airport’s COVID losses balloon to $3.4 bln
Heathrow, Britain’s biggest airport, said on Thursday a first quarter loss of 329 million pounds ($459 million) took total losses since the start of the pandemic to nearly 2.4 billion pounds as travel continues to be hammered. It said only 1.7 million passengers travelled through the London airport in the three months to March 31, […]
