The construction industry in some of Europe’s largest countries is seeing a plunge in demand similar to that during the COVID War, Norsk Hydro, Europe’s largest aluminum producer, said in a recent statement.
Tag: Europe
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GOOGLE PLEDGES €25 MILLION TO EMBED AI IN EUROPE
Google has pledged €25 million, equivalent to about $27 million, to help people and businesses in Europe learn to use AI.
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EUROPE STRIKES “DEAL” ON AI REGULATION—WITH GAPING HOLES
News that the EU had finalized the world’s first comprehensive set of Artificial Intelligence industry regulations was cast as a landmark by most mainstream media.
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EUROPEAN UNION AGREES ON STRUCTURE OF AI REGULATIONS
On 8 December, negotiators for the European Union (EU) and European parliament settled on a framework of rules to govern AI, including how to regulate platforms and governments’ use of AI in biometric surveillance.
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SURGING LEVELS OF MIGRATION IN THE EU GIVES NEW ENERGY TO ANTI-IMMIGRATION PARTIES, LIKE WE HAD LONG FORECAST
European countries are seeing a surge in immigration not seen in years, which is helping propel far-right political parties to election victories, based on the promise to get a grip on the problem.
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EUROPE’S INTEREST RATES WILL STAY HIGH, CENTRAL BANKS SAY
Top-line inflation in Europe is easing, but central bankers are warning they do not expect to cut interest rates any time soon.
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EUROZONE UNEMPLOYMENT JUMPS IN SEPTEMBER
In September, 69,000 workers lost their jobs in the 20-nation Eurozone, nudging the jobless rate to 6.5 percent. More than 11 million people across the region are now out of work, 165,000 more than a year earlier, the Financial Times reported.
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EUROPE’S GAS PRICES JUMP AS TRADERS FEAR SHORTAGES
On 12 October, natural gas prices in Europe shot up to their highest since March as traders worried that the new Mideast war will sharpen global demand for fossil fuels. Also, Finland speculated that a leaking pipeline between it and Estonia had been sabotaged.
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EUROPE’S BOND MARKET TANKS
Investors in European bonds sold off last week on fears that the European Central Bank will hold rates higher for longer and because Italy’s budget deficit came in larger than expected.
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EUROPE POSTS FEWEST IPOs SINCE 2009
In the first six months of this year, European equity markets saw the fewest initial public stock offerings—just 34—since 2009 during the Great Recession, according to the Financial Times.