Europe

The signs are clear. Our fate belongs to Europe, not to some fantasy ‘world sovereign Britain’ | Pierre Hain

It is now official. Brexit has done lasting damage to Britain’s economy and, with the Tories in denial, Labor must lead the way with a new political agenda. Yet it’s almost a taboo subject: the Conservative government won’t admit it and Labor is understandably reluctant to rekindle the old Brexit flames. The Governor of the …

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Analysis: Russia's G7 oil price ceiling moves from revenue squeeze to market anchor

Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor

WASHINGTON, Dec 6 (Reuters) – When U.S. officials first floated the idea of ​​capping Russian oil export prices in response to a planned European embargo in March, they pledged to cut revenue of the Russian war machine, while avoiding a devastating spike in oil prices. But keeping Russian oil on the market and global prices …

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Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see …

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"Not the way you treat your friends."  Biden's climate plan strains trade ties with Europe |  CNN Business

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business

London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …

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"Not the way you treat your friends."  Biden's climate plan strains trade ties with Europe |  CNN Business

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business

London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …

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Analysis: Investors look to emerging markets as planets align for end of dollar bull market

Analysis: Investors look to emerging markets as planets align for end of dollar bull market

NEW YORK, Dec 6 (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be the big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index (.MIEM00000CUS) is up nearly 5% from its lows and posted its best monthly gain in …

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Europe First: Brussels is preparing to give up its ideals of free trade

Europe First: Brussels is preparing to give up its ideals of free trade

The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …

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Why Europe is quietly mad about the US climate bill

Why Europe is quietly mad about the US climate bill

Just a few small issues to fix. Photo: Eveleyn Hockstein (Reuters) The landmark Inflation Reduction Act is the largest U.S. contribution yet to meeting global emissions reduction goals. And the American allies are not happy about it. Certainly, they are happy to see that the United States is (finally) spending hundreds of billions of dollars …

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Kremlin rejects EU oil price cap: 'Europe will live without Russian oil'

Kremlin rejects EU oil price cap: ‘Europe will live without Russian oil’

Former Delta Force Commander Lt. Gen. Jerry Boykin discusses whether Putin is open to negotiations to end the conflict in Ukraine and whether US sanctions against Russia are sufficient on ‘Cavuto: From Sea to Sea ‘other”. The Kremlin on Saturday rejected a European Union plan to cap Russian oil prices at $60 a barrel as …

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EXPLANATION: Can Ukraine pay for war without destroying the economy?

EXPLANATION: Can Ukraine pay for war without destroying the economy?

FRANKFURT, Germany (AP) — Even as Ukraine celebrates its recent battlefield victorieshis government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering runaway price spikes for ordinary people or racking up debts that could hamper post-war reconstruction. The struggle is to find loans or …

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