Featured Europe’s gas reserves depleted as cold weather boosts demand Aya Anwar Jan 6, 2025 0 Europe is rapidly depleting its gas reserves amid cold weather, with storage levels now just over 70 per cent full,…
Featured Spain’s manufacturing sector ends ’24 on a high note – PMI Aya Anwar Jan 2, 2025 0 Spain’s manufacturing sector showed resilience in December, with the HCOB Spain Manufacturing PMI rising to 53.3,…
Featured ECB’S Knot: Tariffs could push China to undercut prices in Europe Aya El Sayed Dec 30, 2024 0 European Central Bank Governing Council member Klaas Knot has warned that China may begin selling its products to…
Featured Global property reinsurance rates to drop for 2024 Aya El Sayed Dec 30, 2024 0 Global property catastrophe reinsurance rates are expected to decline by 5 per cent to 15 per cent on January 1 for…
Commodities Qatar warns EU over gas supplies amid new forced labour law Aya Anwar Dec 22, 2024 0 Qatar's Energy Minister Saad al-Kaabi stated that the country would halt gas shipments to the EU if member states…
Featured VW averts closures, announces workforce reductions Aya El Sayed Dec 22, 2024 0 Volkswagen announced on Friday a comprehensive restructuring plan that includes 35,000 future job cuts and reduced…
Energy BP, Japan’s Jera to merge offshore wind operations by ’30 Aya El Sayed Dec 9, 2024 0 BP Plc and Japan’s Jera Co. announced plans to merge their offshore wind operations into a joint venture named JERA…
Featured Germany’s Scholz urges VW to avoid factory closures Aya El Sayed Dec 8, 2024 0 German Chancellor Olaf Scholz urged Volkswagen AG to reconsider plans to shut down factories, stressing the…
Featured ECB rate cut ‘conceivable’ this month – Holzmann Aya El Sayed Dec 4, 2024 0 European Central Bank (ECB) policymaker Robert Holzmann stated that a 25 basis point interest rate cut is…
Featured Europe’s largest pension fund expands mortgage portfolio Aya El Sayed Dec 2, 2024 0 Stichting Pensioenfonds ABP, Europe’s largest pension fund, announced on Monday that it had acquired a €2.7 billion…