European Union

Biden's IRA has left Europe in a blind spot.  And playing catch-up can lead to two big mistakes

Biden’s IRA has left Europe in a blind spot. And playing catch-up can lead to two big mistakes

US President Joe Biden and European Commission President Ursula von der Leyen. bloomberg | bloomberg | Getty Images The European Union is working around the clock to create a program to challenge the president Joe BidenUnprecedented climate support. But it will face two major problems in the process. The European Union has, for a long …

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Exxon will crush the profits of major western oil companies by $ 56 billion in 2022

Exxon will crush the profits of major western oil companies by $ 56 billion in 2022

HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corporation (XOM.N) The company said on Tuesday that its net profit for 2022 amounted to $56 billion, and it made about $6.3 million per hour last year, setting not only a record for the company, but also a historic high for the western oil industry. Major oil companies …

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Rheinmetall eyes increase ammunition production and HIMARS production in Germany

Rheinmetall eyes increase ammunition production and HIMARS production in Germany

DUsseldorf (Reuters) – Germany’s Rheinmetall is ready to increase production of tank and artillery ammunition to meet strong demand in Ukraine and the West, and may start producing HIMARS multiple rocket launchers in Germany, the chief executive of German arms company Rheinmetall said. Reuters. He spoke days before Germany’s defense industry chiefs met new defense …

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UK regional airline Flybe halts trading and cancels all flights

UK regional airline Flybe halts trading and cancels all flights

Collapsing for the second time in three years 276 workers were laid off by administrators About 75,000 customers have future bookings Affected by the delay in the delivery of aircraft Competitors see higher demand LONDON (Reuters) – British regional carrier FlyBe on Saturday suspended trading for the second time in three years, with all flights …

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Oil settled mixed after hitting a 7-week high amid strong expectations for China

Oil settled mixed after hitting a 7-week high amid strong expectations for China

Brent crude and US crude hit their highest levels since early December The Group of Seven industrialized nations (G7) is seeking to set a price cap for Russian oil products India’s crude imports hit a five-month high in December NEW YORK (Reuters) – Oil prices were mixed on Monday, falling as investors reaped, jumping to …

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