Tag: Europe

The European Union will pause the adoption of its retaliatory tariffs on a swathe of U.S. goods for 90 days, European Commission President Ursula von der Leyen said, a day after the White House issued a reprieve on most of its own levies.

The European Union approved tariffs to hit around €21 billion ($23.2 billion) of US goods in retaliation for the 25% duties President Donald Trump imposed last month on the bloc’s steel and aluminum exports.

Οι τιμωρητικοί δασμοί του Αμερικανού προέδρου Ντόναλντ Τραμπ σε δεκάδες οικονομίες τέθηκαν σε ισχύ σήμερα Τετάρτη, συμπεριλαμβανομένων των εισφορών άνω του 100% κατά των κινεζικών προϊόντων, εντείνοντας δραματικά τον καταστροφικό παγκόσμιο εμπορικό πόλεμο.

Μετά τη χειρότερη έναρξη τριμήνου από την παγκόσμια χρηματοπιστωτική κρίση του 2008, ο πόνος στα διεθνή χρηματιστήρια θα έχει όπως φαίνεται συνέχεια.

U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the U.S. via Mexico and Canada.

Europe must “be prepared” and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday.

The European Union on Monday opened an investigation into Apple, Alphabet and Meta, in its first probe under the sweeping new Digital Markets Act tech legislation.

The European Union Parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.

European stocks came under pressure on Monday as military clashes in the Middle East sparked a rush to safe-haven assets such as bonds and gold, while also boosting oil prices by about 3%.

The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers in China, according to President Ursula von der Leyen.

European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies.

If pandemic months are excluded, the latest numbers point to the lowest reading since April 2013.

Euro zone inflation fell in July, and new growth figures showed economic activity picking up in the second quarter of this year — but economists still fear a recession could be in the cards.

European stocks are the cheapest they’ve ever been compared with their US peers, according to Citigroup Inc. strategists who have adjusted their global asset allocation to reflect this view.

Confidence among businesses and consumers in the eurozone tumbled in June by more than expected, reflecting greater concerns about the impact of rising European Central Bank interest rates and high inflation that is squeezing spending.

Euro zone bank lending slowed in May as a record series of European Central Bank rate hikes work their way through the financial sector, though the data is unlikely to dissuade policymakers from further tightening.

The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management.

European Central Bank President Christine Lagarde said Tuesday that inflation is still too high and it’s still too early for her organization to declare victory over consumer price rises.

Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday.

Shadow banks are growing quickly across the euro zone and represent a growing risk to the entire financial system, requiring lenders to be more stringent when dealing with such entities, European Central Bank supervisor Andrea Enria said.