Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules
Sep 1 2022 // The European Union should make extra time to align its policies with international rules on reporting on climate change to save time in the long run and simplify life for companies, global standard setting board said on...
Win for Qualcomm as No EU Appeal Court Ruling Against $991M Fine
Aug 29 2022 // EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against Qualcomm, people familiar with the matter said, in a major win for the U.S. chipmaker that ends a...
Europe’s Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report
Aug 25 2022 // Europe’s record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm. By the end of the...
Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor
Aug 25 2022 // Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world. Suek JSC, Russia’s largest thermal coal miner, was...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData
Aug 23 2022 // Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability of property/casualty insurers in 2022-24, according to the London-based data and analytics company...
Europe’s Drought May Be Worst in 500 Years: Report
Aug 23 2022 // Europe is currently in the throes of a drought that appears to be the worst in at least 500 years, according to a preliminary analysis by experts from the European Union’s Joint Research Center. Some 64% of the EU is...
Confusion About ESG Prompts EU Watchdog to Urge Rethinking of Rulebook
Aug 22 2022 // Europe’s markets watchdog is calling for a rethink of the region’s ESG investing rulebook after finding that the existing framework is being misinterpreted. At issue is the tendency of fund managers and their...
War-Damaged Ukraine Nuclear Plant Could Threaten Europe’s Energy Grid
Aug 19 2022 // Diplomats concerned about an atomic accident at a war-damaged nuclear power plant in Ukraine should also turn their attention to a larger and looming danger, according to engineers who study critical...
Insured Losses From February’s European Windstorms Estimated at €3.7B: PERILS
Aug 19 2022 // Insured losses for the European windstorm series, which affected the British Isles and continental Europe in February 2022, are estimated at €3.739 billion (US$3.8 billion), according to PERILS, the independent...
Scope of EU Ban on Russian Coal and Fertilizers Jolts Insurers
Aug 15 2022 // The European Union jolted insurers and shippers by clarifying that a ban on EU entities servicing exports of Russian coal and some fertilizers applies to shipments anywhere in the world. An EU ban on imports of Russian...
Wildfires Burn, Farmers Struggle as Another Heatwave Bakes Western Europe
Aug 12 2022 // European nations sent firefighting teams to help France tackle a “monster” wildfire on Thursday, while forest blazes also raged in Spain and Portugal and the head of the European Space Agency urged immediate...
Britain’s Proposed Post-Brexit Financial Reform Explained
Aug 12 2022 // Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest...
Historic Drought, Low River Levels Threaten to Cripple Trade Across Europe
Aug 11 2022 // In the midst of an arid summer that set heat records across Europe, the continent’s rivers are evaporating. The Rhine — a pillar of the German, Dutch and Swiss economies for centuries — is set to become virtually...
Europe’s Rhine River on Brink of Becoming Impassable as Water Levels Drop
Aug 3 2022 // Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of huge quantities of goods at risk as the continent seeks to stave off an economic...
EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules
Jul 28 2022 // The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter...
Reuters: EU Finds Evidence Employees’ Smartphones Compromised by Spyware
Jul 28 2022 // The European Union found evidence that smartphones used by some of its staff were compromised by an Israeli company’s spy software, the bloc’s top justice official said in a letter seen by Reuters. In a July 25...
Record Temperatures, Wildfires Wreak Havoc on Europe’s Wineries and Vineyards
Jul 26 2022 // In Portugal’s Douro Valley on July 7, a wildfire burned close to Oscar Quevedo’s Quinta da Alegria vineyard. By the middle of the night, flames surrounded it. The vines around the edges, amounting to about a...
Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings
Jul 26 2022 // European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an...
London’s Financial Center Struggles to Find Its Way in Post-Brexit Britain
Jul 25 2022 // London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game — that is the warning from Mark Austin, the latest person charged with sprucing up the...
Europe Wildfire Damage Jumps 75%; Models Need More Development: Chaucer
Jul 22 2022 // Damage from large wildfires in Europe has jumped dramatically, with a 75% increase in the amount of land burned in the latest year, according to analysis by Chaucer, the specialty re/insurer, which warns that modeling for...
