Andris Kulbergs, the new prime minister of Latvia, said he wants Europe to adopt a policy to ban Russians from obtaining travel visas over the Ukraine War, according to the Financial Times.
Tag: Europe
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EUROPE’S GAS PRICES ARE HIGHEST SINCE THE UKRAINE WAR BEGAN
On 13 October, the benchmark price of natural gas in Europe shot to its highest in almost four years after president Volodymyr Zelensky and Donald Trump crossed swords over the “energy ceasefire” that Trump declared, apparently unilaterally, on 11 October.
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EUROPE AGREES TO PROVIDE UKRAINE WITH $105 BILLION IN LOANS TO MAKE SURE WAR WITH RUSSIA KEEPS GOING
The EU announced last week that it will provide Ukraine with $105 billion in loans to keep the country functional until the end of 2027 as it continues its war with Russia, which has no end in sight.
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EUROPEAN COUNTRIES BRACE FOR SURGE IN IMMIGRATION FROM MIDDLE EAST AMID IRAN WAR
Countries in Europe are bracing themselves for an influx of immigrants from the Middle East region as the Iran War continues to escalate and expand, with no end in sight.
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EUROPE’S BIGGEST ASSET MANAGER SHUNS INVESTMENTS IN THE U.S.
Paris-based Amundi, with about €2.38 trillion in assets under management, is shrinking its exposure to the U.S. dollar and telling clients to steer clear of investments denominated in the currency.
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IN EUROPE, EV SALES CONTINUE TO RISE AS TESLA SLUMPS
Electric vehicles (EVs) accounted for 17 percent of Europe’s new-car sales last year, up from 14 percent in 2024, while purchases of Teslas plummeted 38 percent, year on year, the European Automobile Manufacturers Association (ACEA) reported.
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AI WILL REPLACE 200,000 EUROPEAN BANK WORKERS BY 2030
Over the next four years, European banks could replace as many as 200,000 employees—about 10 percent of their payrolls—as more people bank online and the banks close branches to cut costs, Morgan Stanley analysts have forecasted after interviewing executives at 35 institutions.
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AI IS BOOSTING EUROPE’S ECONOMY, LAGARDE SAYS
Europe’s spending on AI has surged, which has partially offset weakness in other areas, notably manufacturing, Mathias Corman, secretary-general of the Organization for Economic Cooperation and Development, said in a statement last week.
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HE SHOULD KNOW! GERMANY CHANCELLOR WHOSE GRANDFATHER SERVED IN THE NAZI PARTY COMPARES PUTIN TO HITLER
Friedrich Merz, the warmongering German chancellor, addressed a conference on Sunday and compared President Vladimir Putin to Adolph Hitler—stating that if Russia is not stopped in Ukraine, it will continue on, just like the "Sudetenland was not enough” for the Nazi leader in 1938.
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MILITARY-INDUSTRIAL-COMPLEX BOOM: QUANTUM, THE GERMAN SPY DRONE COMPANY IS. NOW VALUED AT $3 BILLION
The race by European countries to invest in drone capabilities has helped propel Quantum, a Bavaria-based company, to a $3 billion valuation as the company considers an eventual IPO.