A massive shortage of food-grade carbon dioxide (CO2) has ratcheted up fears of disruption to Europe’s meat and fizzy drink supplies. A shortfall of CO2 in Europe comes at a time of excitement over the World Cup soccer tournament and amid peak season for summer barbecues. The ill-timed crisis has subsequently prompted several big name […]
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European stocks seen slightly higher despite global trade fears; oil extends gains
European markets are set to open slightly higher Wednesday morning, while oil prices climbed after the U.S. moved to pressure allies to stop buying Iranian crude. The FTSE 100 is seen 12 points higher at 7,567; the CAC is expected to open up around 7 points at 5,298 while the DAX is poised to start […]
Read more“Stubborn opposition” to fossil fuels is standing in the way of lifting billions of people out of poverty, U.S. Energy Secretary Rick Perry told a major gathering of natural gas professionals on Tuesday. Perry is spearheading President Donald Trump‘s goal of making the United States the dominant player in the global energy market. On Tuesday, […]
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Europe prepares provisional measures to safeguard its metal industry against Trump's tariffs
The European Union (EU) is preparing a set of measures to protect its steel and aluminum producers following the U.S. tariffs recently imposed on its metals industry. EU Trade Commissioner Cecilia Malmstrom said Tuesday that these could be announced as early as mid-July. They are part of a wider European response to President Donald Trump‘s […]
Read moreRecep Tayyip Erdogan won another term in office and gained far-reaching powers, but analysts believe the election has left the Turkish president looking more vulnerable than before. Erdogan won 52.5 percent of the vote in the snap election that took place on Sunday, with the main opposition candidate Muharrem Ince getting 30.6 percent, state news […]
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Trump gives Europe a 'historic' chance to become stronger, French minister says
President Donald Trump is giving a renewed purpose to the Franco-German relationship, a critical bond for the survival of the European Union, the French Finance Minister Bruno Le Maire told the Financial Times. The links between the two Europe nations deteriorated somewhat during the previous French presidency, with commentators suggesting Germany had to take sole […]
Read moreEuropean stocks are expected to open higher Tuesday morning, rebounding after trade concerns caused a sharp sell-off for global markets in the previous session. The FTSE 100 is seen up by 18 points at 7,524; the DAX is expected to start higher by 32 points at 12,314; and the CAC 40 is set to open […]
Read moreTreasury Secretary Steven Mnuchin said Monday that a forthcoming statement from the government related to reports of investment restrictions will apply to China and other countries that threaten U.S. intellectual property rights on technology. “On behalf of @realDonaldTrump, the stories on investment restrictions in Bloomberg & WSJ are false, fake news. The leaker either doesn’t […]
Read moreSales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years. The Commerce Department said on Monday new home sales jumped 6.7 percent to a seasonally adjusted annual rate of 689,000 units last month, the highest level since November 2017. […]
Read moreFor the first time since President Donald Trump took office, the CNBC All-America Economic Survey shows more than half the public approving his handling of the economy, and it appears to be having some impact on his overall job approval rating. The president’s economic approval rating surged 6 points to 51 percent with just 36 […]
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