EU
Finland, Sweden need to move now on NATO while Putin is preoccupied with Ukraine, former secretary general says
SALZBURG, Austria — Finland and Sweden need to join the North Atlantic Treaty Organization (NATO) now while Russia’s Putin is focused on Ukraine, the alliance’s former chief told CNBC. The two Nordic countries have been considering joining NATO in the wake of Russia’s unprovoked invasion of Ukraine. Becoming NATO members would represent a sharp U-turn […]
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Volkswagen is prolonging its use of coal due to Russian energy ‘threat’
Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty Images The CEO of Volkswagen told CNBC Wednesday that the German automotive giant was keeping its options open in terms of how it powers […]
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Euro zone inflation hits record high for the sixth month in a row
Inflation in the euro zone remains well-above the ECB’s target, as energy and food prices soar. Bloomberg | Bloomberg | Getty Images Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react. Headline inflation in the 19-member region reached […]
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Europe scrambles for natural gas solution as Putin squeezes supply
EU Commission President Ursula von der Leyen said this latest aggressive move by Russia is another reminder that we need to work with reliable partners, and build our energy independence. Thierry Monasse | Getty Images News | Getty Images The European Union is racing to find alternative suppliers of natural gas after Russia’s Gazprom halted […]
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UAE’s Masdar signs deal for green hydrogen projects in Egypt, targets exports to Europe
Masdar says Egypt’s abundance of solar and wind will “allow generation of renewable power at a highly competitive cost – a key enabler for green hydrogen production.” Ute Grabowsky | Photothek | Getty Images The UAE’s Masdar and Egypt’s Hassan Allam Utilities have signed agreements with state-backed Egyptian organizations that will see the parties work […]
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Macron has won France’s presidential election. But the far-right is upping its game
Addressing her supporters in Paris Sunday night, Le Pen conceded defeat but said: “We have nevertheless been victorious.” Thierry Chesnot | Getty Images News | Getty Images French President Emmanuel Macron may have just won a second term in office, but political analysts believe the continued rise of the far-right will cause him significant headaches […]
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Macron beats far-right rival Le Pen in French presidential election, projections show
If Macron’s win is confirmed then he’ll likely continue his reformist agenda. Louise Delmotte | Getty Images News | Getty Images France’s Emmanuel Macron looks set to comfortably beat his far-right rival Marine Le Pen in Sunday’s election, securing a second term as president on his pro-business and pro-EU agenda. Centrist Macron of the La […]
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Macron faces off against far-right rival Le Pen as France heads to the polls
The second — and final — round of voting sees centrist incumbent Emmanuel Macron face off against nationalist and far-right candidate Marine Le Pen. Chesnot | Getty Images News | Getty Images French citizens are heading to the polls Sunday in a presidential election set against the backdrop of war in Ukraine and a cost […]
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Energy giants Siemens Gamesa and SSE agree $628 million deal amid rising costs and profit warnings
Details of the agreement between SSE and SGRE were announced on the same day the latter released preliminary results for the second quarter, reporting revenue of around 2.2 billion euros and an operating loss of roughly 304 million euros. Paul Ellis | AFP | Getty Images Siemens Gamesa Renewable Energy has agreed to sell assets […]
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The race to roll out ‘super-sized’ wind turbines is on
A Haliade-X wind turbine photographed in the Netherlands on March 2, 2022. The Haliade-X is part of a new generation of huge turbines set to be installed in the years ahead. Peter Boer | Bloomberg | Getty Images In the not too distant future, waters 15 miles off Martha’s Vineyard will be home to a […]
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