Category: Europe

MBDA and PGZ sign $5 billion deal for Poland’s air defense
9. 11. 2023 No Responses

MBDA and PGZ sign $5 billion deal for Poland’s air defense

The U.K. arm of missile-maker MBDA and the Polish defense company PGZ have signed a contract to work on the next phase of Poland’s anti-air missile program, the two countries announced Wednesday. The deal, worth more than worth more than...
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Germany’s Uniper To Invest $8.8 Billion In Green Energy
1. 8. 2023 No Responses

Germany’s Uniper To Invest $8.8 Billion In Green Energy

German energy giant Uniper, which was bailed out by the government last year, pledged on Tuesday to invest more than $8.8 billion (8 billion euros) in green energy by 2030 as it looks to become a greener energy provider faster than previously...
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EU again postpones final vote on crypto-crackdown bill
19. 1. 2023 No Responses

EU again postpones final vote on crypto-crackdown bill

The final vote on the European Union’s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was deferred to April 2023. It marks the second delay in the final vote, which was previously postponed from...
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Germans banned from using nitrate fertilizers
5. 12. 2022 No Responses

Germans banned from using nitrate fertilizers

Farmers in Germany’s most populous state must severely rein in their use of certain fertilizing techniques under a new set of restrictions apparently aimed at making the industry more “green.” As of Thursday, farmers in North Rhine-Westphalia are requir...
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Some European industries are shutting down as a result of the ongoing energy crisis
6. 11. 2022 No Responses

Some European industries are shutting down as a result of the ongoing energy crisis

European industries including ferroalloys, fertilizer plants and specialty chemicals are shutting down as a result of the ongoing energy crisis. Certain industries may not come back, even if the energy crisis eases. An increasingly tight regulatory environment...
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ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash
29. 6. 2022 No Responses

ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash

Not that long ago analysts and media joked that the ECB’s cunning “market fragmentation” plan – which became critical after Italian bonds crashed when markets realized that QT is not, in fact, QE and without the ECB backstopping worthle...
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ECB Emergency Meeting Creates Emergency
22. 6. 2022 No Responses

ECB Emergency Meeting Creates Emergency

Were it not for the ECB calling an emergency meeting last Thursday, most market participants would not have realized there was an emergency in the bond market. Apparently, the sharp rise in yields on Italian bonds after the ECB stopped buying...
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European Bond Market Disappears As ECB Takes Over
13. 12. 2020 No Responses

European Bond Market Disappears As ECB Takes Over

Back in 2015 alter media published an article titled “The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play” which referenced an IMF research report which found that in a few years time, pervasive QE would...
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Sinking Lufthansa agrees to $10 Billion state rescue package
25. 5. 2020 No Responses

Sinking Lufthansa agrees to $10 Billion state rescue package

After weeks of “intensive negotiations” between Berlin and Germany’s flagship carrier Lufthansa, an agreement has been reached on €9 billion state bailout aid. As part of the deal, the government will take a 20 percent stake in Lufthansa, as well as.....
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FCA posts $1.9 Billion loss in Q1
6. 5. 2020 No Responses

FCA posts $1.9 Billion loss in Q1

Fiat Chrysler Automobiles lost $1.9 billion (1.7 billion euros) in the first three months of 2020 as the Italian-American automaker felt the initial financial sting of the coronavirus pandemic. Despite the loss, the company said it had revenues of $22 billi...
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Lufthansa to Cut 95% of Flights
19. 3. 2020 No Responses

Lufthansa to Cut 95% of Flights

Lufthansa to cut 95% of the fleet in survival mode. Three of the world’s leading airlines laid bare the devastation the epidemic is inflicting on air travel, with Deutsche Lufthansa AG and Delta Air Lines Inc. parking a total of 1,500...
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French Car Market Hammered 18%, Global Auto Industry In Meltdown
26. 2. 2020 No Responses

French Car Market Hammered 18%, Global Auto Industry In Meltdown

While China may have led the charge in dragging the global automotive industry deeper into recession than it already was pre-coronavirus, equally ugly numbers are starting to pop up in other parts of the world. For instance, the French car...
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Sweden Starts Testing of World’s First Blockchain-Based National Cryptocurrency
21. 2. 2020 No Responses

Sweden Starts Testing of World’s First Blockchain-Based National Cryptocurrency

Stockholm’s move comes amid growing concerns among governments, central banks and even intelligence agencies that cryptocurrencies could pose a major threat to traditional global financial structures and institutions backed by the dollar. Sweden’s Riksbank...
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EU Auto Registrations Plunge Into Abyss
19. 2. 2020 No Responses

EU Auto Registrations Plunge Into Abyss

For months we have been commenting about how the global auto market is mired in recession. Most recently, we have been highlighting how China, one of the world’s largest economies and auto markets, has been exacerbating things with terrible sales numb...
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Airbus steamrolled Boeing with record jet deliveries
13. 2. 2020 No Responses

Airbus steamrolled Boeing with record jet deliveries

Boeing’s European rival Airbus wants to break its own record and bring aircraft deliveries to a new all-time high in 2020, as the American planemaker continues to struggle with the aftermath of the 737 MAX crisis. Airbus’s clients received a...
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