Europe
Investing.com — President Donald Trump’s comments on potential 25% tariffs targeting imports from Canada and Mexico have sparked concerns among European companies that have supply chains in these two countries, but a larger revenue than asset exposure to the US. In a Thursday note, Bank of America (BofA) highlighted dozens…
Not content with shaking up US politics, Elon Musk is on a mission to “make Europe great again.”His interventions into the continent’s politics come as Tesla’s sales plunge in Europe, falling 13% last year.Some of Tesla’s rivals in Europe are now going after owners put off by Musk’s politics.As Elon…
By Joanna Plucinska, Sergio Goncalves and Andres Gonzalez DUBLIN (Reuters) – British Airways-owner IAG is likely to be a frontrunner to buy a stake in Portuguese carrier TAP, valued at about $1 billion, bankers and analysts said, marking the next phase in consolidation of the European market. Aviation executives highlighted…
Donald Trump’s suggestion for increased NATO defense spending has divided European countries.Trump called for NATO members to raise defense spending to 5% of GDP.Many European NATO members have struggled to meet the current 2% defense spending goal.Donald Trump’s suggestion that NATO members should allocate 5% of their GDP on defense…
Investing.com — Deregulation underpins the agenda of President-elect Trump’s second term in the US and has boosted US equity markets since the election. According to Jefferies strategists, this has increased pressure on the European Commission (EC) to improve the competitiveness of the region by improving the workability of Europe’s rules-based…
By Marianna Parraga and Kemol King HOUSTON/GEORGETOWN (Reuters) – Guyana’s oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners’ demand for easy-to-process sweet crudes to replace some Middle Eastern grades, according to traders and shipping data from financial firm LSEG. Since it…
Elon Musk used his fortune and influence to help Donald Trump win reelection in November.The Tesla and SpaceX boss is now championing right-wing insurgents in Europe.He’s called for a UK far-right agitator to be freed from prison and condemned the country’s prime minister.Having tapped his vast personal wealth and marshaled…
By Vladimir Soldatkin and Dan Peleschuk MOSCOW/KYIV (Reuters) -Russian exports via Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year’s Day as a transit deal expired and warring Moscow and Kyiv have failed to reach an agreement to continue the flows. The shutdown…
By Emma-Victoria Farr and Andres Gonzalez LONDON (Reuters) – Private equity funds in Europe, even though flush with cash, are thinking twice about buying businesses that could be difficult to sell and carefully working through their exit plans before making more acquisitions, bankers and investors said. In one example, Brookfield…
By Georgina McCartney, Arathy Somasekhar and Enes Tunagur HOUSTON/LONDON (Reuters) – oil exports to northwest Europe are likely to slip early next year after hitting a record high in November, as the arbitrage for transatlantic shipments has slammed shut and freight rates have climbed, analysts said this week. The spread…
