EU
France heads to the polls as Macron faces his biggest threat yet
A political rally before the first round of the French presidential election. Sylvain Lefevre | Getty Images News | Getty Images French voters are heading to the polls Sunday in an election where the cost of living and the war in Ukraine dominated the political debate. Opinion polls from the week before the first round […]
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The role of natural gas in the Russia-Ukraine conflict
Natural gas is one of several commodities affected by Russia’s invasion of Ukraine. Prices on the Dutch TTF hub, a European benchmark for natural gas trading, more than tripled between February 16 and March 7 before pulling back. But despite being at the center of the largest military conflict in Europe since World War II, […]
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EU not expected to fully ban Russian coal imports until August, sources say
A front loader collects a shovel of coal from a pile at the Raspadsky open-pit coal mine, operated by Raspadskaya PJSC, in Mezhdurechensk, Russia, on Friday, Feb. 5, 2021. Andrey Rudakov | Bloomberg | Getty Images The European Union’s proposed ban on coal imports from Russia is not expected to take full effect until August […]
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No recession — but a growth slowdown due to Russia-Ukraine war, EU economics chief says
The European Union’s economics chief says Russia’s war with Ukraine will trigger a growth slowdown this year, warning the bloc’s existing growth forecast of 4% is now no longer viable. European commissioner for economics and taxation, Paolo Gentiloni, said Saturday that the Ukraine crisis will usher in a period of lower growth for the 19 […]
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Euro zone inflation hits another record high of 7.5% as Russia-Ukraine war pushes up energy prices
Christine Lagarde, President of the European Central Bank. Daniel Roland | Afp | Getty Images The cost of living hit another record high in the euro zone last month, raising further questions about how the European Central Bank can stabilize such rapidly rising consumer prices. Headline inflation came in at 7.5% for March on an […]
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How hackers and geopolitics could derail the planned energy transition
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underway at all, have become major talking points in recent years. How the transition — which can be seen as a shift away from […]
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German economic advisors send recession warning as Putin’s gas deadline nears
Berlin’s Brandenburg Gate on the occasion of the Earth Hour, on March 26, 2022. Tobias Schwarz | Afp | Getty Images Germany’s heavy reliance on Russian energy could tip its economy into recession, an independent economic think tank warned on Wednesday. There are rapidly rising concerns over what Russia’s unprovoked invasion of Ukraine will mean […]
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EU to pressure China at virtual summit over its stance on Russia-Ukraine war, sources say
President of the European Commission Ursula von der Leyen delivers a statement in Brussels. Kenzo Tribouillard | AFP | Getty Images The European Union wants to put pressure on China to be neutral with its stance over Russia’s recent invasion of Ukraine, sources with knowledge of the matter told CNBC ahead of a virtual meeting […]
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EU leaders send a message to China: Use your leverage to stop Putin
Italy’s Prime Minister Mario Draghi speaking to journalists in Brussels. Aris Oikonomou | Afp | Getty Images BRUSSELS, Belgium — EU leaders had one message for Beijing as they gathered in Brussels to discuss new sanctions against Russia: stop President Vladimir Putin. Chinese authorities have so far refused to fully condemn Russia’s unprovoked invasion of […]
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European Union unlikely to impose an oil embargo on Russia, sources say
A general view of oil tanks in the Transneft-Kozmino Port near the far eastern town of Nakhodka, Russia. Yuri Maltsev | Reuters The European Union is unlikely to impose an immediate oil embargo on Russia over its unprovoked invasion of Ukraine, according to two CNBC sources with knowledge of the discussions. The U.S. decided to […]
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