By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -Hungary’s central bank would need to see faster and more durable disinflation to consider any easing in monetary conditions, a deputy governor told Reuters, adding that rate cuts were off the table as long as inflation exceeded the bank’s tolerance band. The bank left its base rate …
BRUSSELS (Reuters) -The European Commission on Wednesday proposed that the EU reduce its net greenhouse gas emissions 90% by 2040, compared with 1990 levels, but included flexibilities to soften the emissions cuts for domestic industries. The proposal said the European Union can buy carbon credits from developing countries and count these credits to meet 3 …
EU Commission proposes 2040 climate target with flexibilities Read More »
By Maria Martinez BERLIN (Reuters) -Recent heatwaves across Europe could slow economic growth in Europe by half a percentage point in 2025, a report by Allianz Research showed, comparing a day with temperatures above 32 degrees Celsius to half a day of strikes. In Europe, GDP losses range from 0.1 percentage points for Germany to …
Heatwaves may cut GDP by 0.5 pct points in Europe, Allianz says Read More »
MOSCOW (Reuters) -The Russian government has been discussing possible tax cuts for energy giant Gazprom that would be paid for by raising the tax burden on other gas producers, the Interfax news agency reported on Wednesday, confirming a Reuters report. Interfax cited Deputy Finance Minister Alexei Sazanov as saying such discussions had taken place, but …
(Reuters) -Dexter Energy, an Amsterdam-based climate tech firm, has raised 23 million euros ($27.1 million) via a funding round to expand its AI-driven services for renewable energy and batteries, the company said on Wednesday. WHY IT’S IMPORTANT: The investment reflects the growing reliance on AI technologies to navigate Europe’s volatile renewable energy markets and accelerate …
Dutch climate tech firm Dexter Energy raises 23 million euros Read More »
(Reuters) -The U.S. National Highway Traffic Safety Administration said on Wednesday it opened a recall query into about 299,000 vehicles from Chrysler parent Stellantis, after receiving complaints about faulty shifter cable bushings. A bushing, usually made of rubber, connects the shifter cable to the transmission system, allowing the vehicle to change gears. If the bushing …
NHTSA opens recall query into about 299,000 Stellantis vehicles Read More »
PARIS (Reuters) -Automaker Stellantis is seeking a five-year extension to tighter European rules on CO2 emissions for vans, said Jean-Philippe Imparato, responsible for Enlarged Europe, on Wednesday. Imparato also reiterated that Stellantis is backing proposals to create a new category of smaller-sized cars in Europe that would be priced at less than 15,000 euros ($17,655). …
Stellantis seeking more time to meet EU’s CO2 targets on utility vehicles Read More »
MOSCOW (Reuters) -Russia’s exports of liquefied natural gas in the first half of the year declined by 4.4% from a year earlier to 15.2 million metric tons, LSEG preliminary data showed on Wednesday, amid international sanctions over Ukraine. In particular, the United States has imposed sanctions on companies and vessels linked to Russia’s new Arctic …
Russian LNG exports fell 4.4% y/y in January-June, data shows Read More »
LONDON (Reuters) -The pound eased a touch against the dollar on Wednesday but held near its near-four-year top hit the previous day, one of the many beneficiaries of the greenback’s recent weakness. Investors by and large looked through political drama in Britain where Prime Minister Kier Starmer suffered the largest parliamentary rebellion of his premiership …
Sterling nudges lower but still near multi-year highs, looking past UK politics Read More »
By Padraic Halpin DUBLIN (Reuters) -Ireland secured commitments from foreign multinational companies during the first half of the year to create 10,000 jobs, up from 8,900 in the same period last year despite the challenging trade environment, the country’s inward investment agency said. Ireland is hugely reliant on the taxes and jobs of foreign multinationals. …
Ireland adds 10,000 foreign multinational jobs in H1, up from 2024 Read More »
