Moscow, Russia | Xinhua | Russian gas giant Gazprom announced on Wednesday that it will shut down another turbine engine on the Nord Stream 1 natural gas pipeline, thus significantly reducing the amount of gas delivery to Europe. As Germany’s Siemens, the manufacturer of the gas turbine engines, failed to provide …
Read More »Euro nearing five-year low stoking recession fears
The euro is within reach of five-year lows and seems increasingly will approach dollar-euro parity Rome, Italy | Xinhua | The euro has continued to weaken against the U.S. dollar, approaching its lowest level in five years, due mainly to the crisis in Ukraine and the sluggish economic growth in Europe. …
Read More »Macron’s re-election gives EU dose of consistency in turbulent times
Paris, France | Xinhua | Emmanuel Macron’s election Sunday to a second five-year term as French president gives Europe a dose of consistency during its most tumultuous period in decades, analysts have said. With European countries facing the widespread repercussions of the conflict between Russia and Ukraine, and battling to recover …
Read More »What has Europe lost from the Ukraine crisis?
Beijing, China | Xinhua | The Ukraine crisis has entered its second month. In terms of security, economy, refugees, etc., Europe will pay a heavy price in the crisis. Since the end of the Cold War, the North Atlantic Treaty Organization (NATO) has pushed for five rounds of eastward expansion up …
Read More »Turkey’s aging population dragging economy down
President Recep Tayyip Erdogan is an ardent advocate of population increase and has called for families to have more children Ankara, Turkey | Xinhua | As a country that once boasted one of the youngest populations in Europe, Turkey has been aging fast in recent years, which is slowly dragging its …
Read More »Biden announces additional sanctions against Russia, more troops to Europe, amid Ukraine crisis
Washington, U.S. | Xinhua | U.S. President Joe Biden announced on Thursday additional sanctions against Russia and the deployment of more troops to Europe as conflicts in Ukraine continue to evolve. Speaking from the East Room of the White House, Biden said the new measures will target major Russian banks, limit …
Read More »Internet “dead zones” to disappear by 2024: EU official
Brussels, Belgium | Xinhua | Internet “dead zones” in Europe will soon belong to the past, announced Thierry Breton, European commissioner for the internal market, at the 14th European Space Conference on Tuesday. Breton is preparing a legislative proposal that will be ready “in the coming weeks” in order to “equip …
Read More »20 years on, euro has yet to tap its int’l potential
Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …
Read More »Dissatisfaction rises as Europeans celebrate holidays amid raging pandemic
Warsaw, Poland | Xinhua | Several European countries have seen record COVID infections in the post-Christmas days. During the holidays, surging numbers and ramped-up restrictions have led to dissatisfaction and criticism among experts and citizens. CELEBRATION AND INFECTION France has seen a sharp increase since Christmas, with 208,099 cases detected …
Read More »Putin opposes NATO’s eastwards expansion
Moscow, Russia | Xinhua | Eastwards expansion of the North Atlantic Treaty Organization (NATO) is unacceptable, and there should be security guarantees in Europe, Russian President Vladimir Putin said on Thursday. Russia does not endanger anyone, and it is NATO’s constant expansion that has posed a threat, Putin said during his …
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