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Tag: European

European Stocks Edge Lower as Rising UK Inflation Raises Prospects of Rate Hike in Britain

European Stocks Edge Lower as Rising UK Inflation Raises Prospects of Rate Hike in Britain

Finance
Shutterstock photoEuropean equity benchmarks were struggling for direction on Tuesday morning after a jump in the UK's inflation rate prompted speculation that the Bank of England may raise interest rates at its next meeting in November and as car-manufacturers shifted into reverse.Britain's consumer price index ( CPI ) posted annual growth of 3% in September, up from 2.9% in August, according to data published by the Office for National Statistics. The increase in consumer prices is broadly expected to influence discussions at the Bank of England ahead of of its next monetary policy decision. Rising inflation, which has been a key theme since Britain's surprise referendum decision to leave the European Union (EU) last June, is generally expected to heighten the probability of a rate hike...
All pieces of a new European gas pipeline delivered

All pieces of a new European gas pipeline delivered

Business
Oct. 16 (UPI) -- The last of the 55,000 pieces of pipe needed to build a transit network from a giant gas field offshore Azerbaijan to Europe has arrived, developers said.The Trans Adriatic pipeline consortium announced Monday that the final section of the pipeline arrived in Thessaloniki, Greece. That means all pieces have reached their final destination in each of the three host countries; Greece, Albania and Italy."This is yet another key milestone towards successful realization of the project," TAP Project Director John Haynes said in a statement. "The entire logistics delivery process was carried out in line with the project schedule and to the highest safety standards."The 545-mile natural gas pipeline will start delivering gas from the Shah Deniz gas project offshore Azerbaijan to E...
European Equities Mainly Higher as Oil Prices Gain Traction, Telecom Stocks Advance

European Equities Mainly Higher as Oil Prices Gain Traction, Telecom Stocks Advance

Finance
Shutterstock photoEuropean equity benchmarks were mainly higher in early trade on Wednesday as German producer price inflation advanced, oil prices gained traction and telecommunication stocks logged gains.In economic news, Germany's index of producer prices for industrial products rose by 2.6% in August compared with the corresponding month of the preceding year, according to Destatis, Germany's federal statistics office. In July 2017, the annual rate of change had been 2.3% and, compared with the preceding month, the overall index was up by 0.2% in August 2017.Oil prices were also on the rise despite data from the American Petroleum Institute (API), published on Tuesday, indicating that US inventories of oil rose last week. West Texas Intermediate crude oil futures for delivery in Nove...
Climate change has shifted the timing of European floods

Climate change has shifted the timing of European floods

Science
Climate change has had a significant impact on the timing of river floods across Europe over the past 50 years, according to a new study. In some regions, such as southern England, floods are now occurring 15 days earlier than they did half a century ago.But the changes aren't uniform, with rivers around the North Sea seeing floods delayed by around eight days.The study has been published in the journal Science.Floods caused by rivers impact more people than any other natural hazard, and the estimated global damages run to over a $ 100bn a year. Researchers have long predicted that a warming world would have direct impacts on these events but until now the evidence has been hard to establish. Floods are affected by many different factors in addition to rainfall, such as the amount of moist...
Women's European Championships 2017: Lionesses beat Spain to move closer to quarter-finals

Women's European Championships 2017: Lionesses beat Spain to move closer to quarter-finals

Sports
Jodie Taylor scored her fourth goal in two games at the Women's European Championship as England closed in on the quarter-finals with a 2-0 victory over Spain.Arsenal striker Taylor fired in a hat-trick in Wednesday's 6-0 thrashing of Scotland in England's Group D opener, and sealed a hard-fought win for the Lionesses with another in rain-soaked Breda after Fran Kirby had given Mark Sampson's side an early lead.England were made to work harder than anticipated against technically gifted opponents and ran themselves to a standstill after Kirby had ensured a dream start.They were also fortunate to benefit from some strange refereeing by Italian referee Carina Vitulano in the 75th minute when she changed her mind after appearing to award Spain a penalty for handball.England, third favourites ...