Europe’s factories have begun succumbing to dangerously escalating energy bills following retaliatory Russian cutbacks, resulting in an inflation rate of more than 9 percent and a dip in industrial production, which is expected to worsen in coming days. Industrial production for July 2022 decreased by 2.3 percent in the eurozone—i.e., the 19 countries that use…
Skyrocketing Energy Bills Deal Death Blows to Europe’s Factories
September 20, 2022
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US LNG Exporters Emerge as Big Winners of Europe Natgas Crisis
LONDON—U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive month at prices that have rallied since Russia’s invasion of Ukraine. European gas prices have hit all-time highs just as exporters of LNG in the United States…
Pepco Group Quarterly Revenue Rises on 161 Store Openings
Pepco Group, the owner of PEPCO, Poundland, and Dealz discount retailer brands in Europe, posted a 12 percent rise in its quarterly total revenue on a constant currency basis, driven by performance at its PEPCO banner that saw a 20 percent revenue jump. The group, which listed on the Warsaw stock exchange last May, said…
European Stocks Rise, Wall Street Futures Point to Gains as Investors Digest German Election Outcome
September 27, 2021
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Business & EconomyEconomieseconomyEuropeEuropean marketsGerman electionInternationalInvestmentMarket WatchMarketsUSUS NewsWall Street futuresWorld
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European stocks edged up and Wall Street futures pointed to early gains as investors digested the outcome of the election in Germany, with apparent relief that the far-left Linke party failed to secure enough votes to enter Parliament and so boosting the likelihood of a more centrist ruling coalition. Germany’s blue-chip DAX was up 137.10…
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