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Tag: EU

  • EU countries approve the phasing out of CO2-emitting cars by 2035

    BRUSSELS, March 28 (Reuters) – European Union countries on Tuesday gave final approval to a landmark law to end sales of new CO2-emitting cars by 2035, after Germany granted an exemption for cars running on e-fuels . The approval of EU countries’ energy ministers means Europe’s key automotive climate policy can now come into effect […]

  • US and Japan sign trade deal on battery minerals for electric vehicles

    WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]

  • As confidence in the banking sector faltered, central banks called for more

    NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated interventions by central banks to restore financial stability as they fear the turmoil in the global banking sector will continue amid rising interest rates. After the collapse of two US lenders this month and the Swiss government-orchestrated takeover of troubled […]

  • A ‘greenwashing’ action in Europe has not gone down well

    The European Commission, the executive arm of the EU, recently published its so-called “Green Claims Directive”. The long-awaited proposal aims to establish an EU-wide methodology that will help clean up the environmental claims market. Campaigners have generally responded positively to the push to halt the burgeoning corporate greenwashing trend. But they say months of lobbying […]

  • Central banks continue to raise interest rates amid banking turmoil

    March 23 (Reuters) – The Bank of England followed the Federal Reserve and Swiss National Bank in raising interest rates on Thursday as policymakers continued their battle against inflation in the face of the instability that rippled through the global banking system this month . Investors had wondered whether central banks could continue tightening policies […]

  • US authorities focused on stability, First Republic as Fed meets

    March 22 (Reuters) – US authorities will consider moves on Wednesday to further strengthen financial stability, along with scenarios to address the problems regional lender First Republic Bank continues to face. While the recent market turmoil has eased, the Federal Reserve meeting is now at the center of attention, with traders arguing over whether the […]

  • Exclusive: EU drafts plan to allow electric cars with combustion engine

    Brussels proposes an exception for electric fuel cars from 2035 Germany is still examining EU draft proposal Berlin sees the technological state as problematic Goal to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new combustion engine cars after 2035 […]

  • The quest for safety is easing as markets process Credit Suisse’s bailout

    Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday […]

  • ECB interest rate hike expected after Switzerland supports Credit Suisse

    Stocks rise as Switzerland provides Credit Suisse with lifeline Bond yields are rising, ECB expected rate hikes of as much as 50 basis points Oil climbs from 15-month low Graphic: World FX Rates LONDON, March 16 (Reuters) – European markets rallied on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender […]

  • China’s Jan-Feb trade slumps again as global demand falters

    BEIJING, March 7 (Reuters) – Chinese exports fell for the January-February period, pointing to continued weakness in foreign demand and supporting government concerns that a global slowdown could hamper the country’s recovery from damage from the pandemic era will hinder. Imports also fell, government data showed on Tuesday, also reflecting weak foreign demand as the […]