Europe

Europe is rethinking where it keeps its gold

Geopolitical turmoil is pushing central banks to think harder about where they keep their gold reserves.On Wednesday, the Netherlands central bank said it had reallocated about 86 metric tons of gold from New York and Ottawa to London between March and August, “in view of increasing geopolitical unrest” and to…

Europe is warming to America’s obsession with staying cool

Europe may finally be admitting Americans had a point.For decades, much of the continent treated air conditioning as an unnecessary luxury — something for hotels, shopping malls, and the occasional trip abroad.Americans, meanwhile, have spent years looking across the Atlantic wondering why Europeans would rather sweat through a heat wave…