Europe News

Inflation in Europe has been impacted by higher energy prices and supply shortages. Analysts question how far central banks will go to bring inflation under control.Bloomberg | Bloomberg | Getty ImagesInflation in the euro zone dropped…

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine.Andrey Rudakov | Bloomberg | Getty ImagesUpcoming sanctions on Russian oil are set to be "really disruptive"…

EU energy ministers fail to agree on a cap for natural gas prices. New emergency meeting due in mid-December.Kenzo Tribouillard | Afp | Getty ImagesBRUSSELS — European energy ministers failed to reach a compromise over a cap on natural…

Commissioner for energy Kadri Simson is talking to media. EU countries are debating new steps to deal with the energy crisis.Thierry Monasse | Getty Images News | Getty ImagesSeveral EU member states are not happy with the bloc's…

German Federal Minister of Finance Christian Lindner (L) and French Minister of the Economy, Finance and Recovery Bruno Le Maire (R) both criticized the U.S. inflation reduction act for discriminating against European companies.Thierry…

Deutsche Bank on Wednesday crushed market expectations for the third quarter, amid higher interest rates and turbulent market trading.The bank reported a net income of 1.115 billion euros ($1.11 billion) for the quarter. Analysts had…

UBS reports its latest earningsFABRICE COFFRINI | AFP | Getty ImagesUBS on Tuesday reported a net income of $1.7 billion for the third quarter of this year, slightly above analyst expectations, with the Swiss bank citing a challenging…

One of the turbines at the Hornsea 2 offshore wind farm. According to Danish energy firm Orsted, the facility has a capacity of more than 1.3 gigawatts.OrstedA facility described by Danish energy firm Orsted as the "world's biggest…

Europe is facing an unprecedented gas crisis.Picture Alliance | Picture Alliance | Getty ImagesEurope is facing an unprecedented energy crisis that's pushing the economy closer into a recession and posing serious questions about the…

Workers walk past a gas storage tank at the constriction site of the Trans Adriatic Pipeline receiving terminal in Melendugno, Italy, on Tuesday, May 22, 2018.Bloomberg | Bloomberg | Getty ImagesLONDON — The EU signed a new gas deal with…