Europe – NATURALDEPOSIT

IMF Urges Europe to Maintain Tight Monetary Policy to Avert Economic Strain

According to the International Monetary Fund (IMF), Europe should continue with its strategy of tightening monetary policy to prevent potential economic damage in the future. The IMF emphasizes that taking decisive actions, including raising policy rates in a controlled manner, can help curb inflation and safeguard the economy from further instability. In particular, the IMF …

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Russia May Halt Gas Supplies to Europe via Ukraine by Next Year

News

In a recent report, Ukraine’s Energy Minister German Galashchenko revealed that Russia might shut down one of its gas pipelines to Europe by the end of the following year. This possibility arises as Ukraine’s gas supply contract with Gazprom, the Russian state-owned energy company, is set to expire. According to the report, chances are slim …

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Tech Start-ups in Europe Face Challenges as Investment Plummets by 39%

News

European tech start-ups are anticipated to encounter further difficulties this year, with investment expected to decline by 39%, according to Atomico, a prominent venture capital firm based in Europe. This decline comes as the global tech industry continues to grapple with ongoing challenges. Atomico’s report reveals that funding for start-ups backed by European venture capital …

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India to Overthrow Russia as Europe’s Main Supplier of Refined Fuels

News

India is poised to become Europe’s largest supplier of refined fuels, surpassing Russia, despite the EU ban on crude oil and refined fuels from Russia. Taking advantage of record low prices, India bought Russian crude and refined it into fuels such as diesel, which it then exported to Europe at higher prices. Europe benefits from …

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Market Watch: Investors Eye Fed Policy Meeting and Key Economic Data Releases

Markets

Here are some key economic data and events to watch out for next week:

EU condemns unilateral trade ban by Poland and Hungary on Ukrainian grain and food imports

News

The European Union (EU) has criticized Poland and Hungary’s decision to impose a ban on grain and other food imports from Ukraine, stating that unilateral action on trade is not acceptable. Poland and Hungary announced the ban to protect their local agricultural sector, as large quantities of cheaper Ukrainian grain stayed in Central European states …

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OPEC+ Cuts Crude Production, Affecting Refinery Profits in Asia and Europe

News

The recent announcement of production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and OPEC Plus has led to increased costs and supply challenges for refineries in Asia and Europe. The move is expected to tighten Middle East crude supplies from May onwards. Oil prices surged by over $4 per barrel on April …

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Huawei Supplies Technologies for the Largest Hybrid Power Plant in Eastern Europe

News

Huawei has been selected to supply technologies for the largest hybrid power plant in Central and Eastern Europe, which is being built in Poland. The power plant, located in Kletchev in Wielkopolska Province, will consist of solar and wind power plants with a combined capacity of 205 megawatts. Huawei will provide 710 string inverters and …

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Dow and Mura to Build Europe’s Largest Recycling Plant for Advanced Plastics

News

Leading materials science firm, Dow, and global advanced recycling solutions provider, Mura Technology, have partnered to address the issue of global plastic waste and promote circular economy manufacturing. Mura plans to construct a new recycling facility in Boehlen, Germany, on Dow’s premises. This facility will be the largest of its kind in Europe, converting used …

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Europe rushes to boost diesel imports ahead of the February 2023 start of sanctions against Russia

News

European diesel imports from around the world are approaching a record high ahead of the Russian fuel import ban. The United Kingdom and the European Union (EU) imported more than 16 million barrels of marine diesel in the first ten days of December. This could make diesel imports for the month of December the second …

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