German Business Calls for Bigger Deficits

German Business Calls for Bigger Deficits

Chancellor Angela Merkel and Finance Minister Olaf Scholz brushed aside demands by both unions and businesses On Monday to ditch the balanced budget policy as the economy is slowing down. Germany’s BDI business lobby and DBG union are calling for an end to the so-called “black zero” policy of no net new borrowing. Instead, they are calling for public investment in infrastructure, taking advantage of negative bond-yields.

Civil Society and Industry Push EU Leaders to Adopt Climate Neutral Economy Faster

Civil Society and Industry Push EU Leaders to Adopt Climate Neutral Economy Faster

A broad group of 100 organisations from major industrial sectors and civil society have called on European Union policymakers to accelerate the uptake of clean and renewable electricity as the most cost-effective and energy efficient strategy to deliver a climate neutral Europe, WindEurope has said.

Oil Mess in Texas, OPEC Caution Gush Crude Prices

Oil Mess in Texas, OPEC Caution Gush Crude Prices

A surprise drop in US crude inventories and comments from Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo about lower-than-expected US shale production growth in 2020 boosted crude oil prices on 14 November.

France, UK, Germany, EU Warn Iran Over Nuclear Breaches

France, UK, Germany, EU Warn Iran Over Nuclear Breaches

The European Union, France, Germany and Britain have said on 11 November that they are “extremely concerned” by Iran’s decision to re-start nuclear activities at one of its key sites, in breach of the 2015 nuclear deal, and warned they might take action against Tehran.

Unstoppable Nord Stream-2

Unstoppable Nord Stream-2

The Nord Stream-2 pipeline, which late last month obtained a permit to construct its planned pipeline system in the Danish Exclusive Economic Zone (EEZ) southeast of Bornholm, is now ready to complete the final stretch of the Gazprom-led project that will transport Russian gas from Russia to Germany, despite efforts from the United States and some EU Member States to halt the project.

Boeing faced with additional profit-over-safety allegations

Boeing faced with additional profit-over-safety allegations

A whistleblower claims that Boeings’ 787 Dreamliner could be left without oxygen if the cabin were to suffer a sudden decompression.Emergency oxygen systems are supposed to keep passengers and crew alive if the cabin pressurisation fails. Without this system, passengers could be incapacitated, fall unconscious, or even sustain brain damage and/or die.

Kazakhstan Says is Too Early to Raise the Budget for New Tengiz Expansion

Kazakhstan Says is Too Early to Raise the Budget for New Tengiz Expansion

Kazakhstan Energy Minister Kanat Bozumbayev said on 6 November he believes that the new budget of the Tengiz expansion project is too high and should be reviewed. He said it is too early to talk about raising the budget of the Tengiz expansion project and called on Tengiz project shareholders to reexamine the budget.

IAG to Take Over Air Europa

IAG to Take Over Air Europa

IAG is taking over the Spanish carrier Air Europa for €1bn. With a fleet of 66 aircraft, in 2018 Air Europa carried 11,8 million passengers, generated revenue of €2.1bn, and an operating profit of €100 million.

EU strives to improve waste management

EU strives to improve waste management

Waste is an issue that affects the whole European Union. According to the European Commission, altogether, the EU produces up to 3 billion tonnes of waste every year. On average, each of the 500 million people living in the EU throws away around half a tonne of household rubbish every year.

EIB to Support Climate Action Projects in Brazil

EIB to Support Climate Action Projects in Brazil

The European Investment Bank agreed on 22 October to provide €100m to Banco de Desenvolvimento de Minas Gerais, to support climate action projects in the Brazilian state Minas Gerais.

EU Invests to Upgrade Polish LNG Terminal in Świnoujście

EU Invests to Upgrade Polish LNG Terminal in Świnoujście

A €130 million investment from the European Regional Development Fund (ERDF) to expand the Liquefied Natural Gas (LNG) Terminal in Świnoujście, northwest Poland, has been approved by the European Commission, which advances the EU’s plans to boost European energy security and reduce reliance on Russian gas supplies.

Kazakhstan to Increase Oil Production to 100 Million Tonnes Over Next 5 Years

Kazakhstan to Increase Oil Production to 100 Million Tonnes Over Next 5 Years

Kazakhstan will increase oil production from 90 million tonnes in 2020 to 100 million tonnes in 2024, Kazakh Minister of National Economy Ruslan Dalenov said on 23 October. According to him, an increase of oil production can be possible due to the expansion of the Tengiz, Karachaganak, Kashagan oilfields, and the commissioning of offshore fields

New Green Deal Panacea for What Ails EU

New Green Deal Panacea for What Ails EU

The New European Green Deal can open up new possibilities for development, employment, boost EU energy security and send a strong message to the world on dealing with the climate crisis, George Papandreou, a former prime minister of Greece, told New Europe in an interview in Athens.