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Europe

Nuclear Power Is Gaining New Respect in Europe. It's About Time

Frank Holmes | Equities.com |

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What You Should Know About Europe's Energy Wars

Marin Katusa | Equities.com |

Europe's over-reliance on natural gas has put it in a bad spot.


Keep Your Friends Close, But Your Enemies Closer — Part III

Michael McTague | Equities.com |

We conclude our examination of payback with a look at the economic success of small European countries like Ireland, led by Taoiseach Micheál Martin.


Omicron Variant Reached Europe Earlier Than Previously Thought

AP News | Equities.com |

Economic powerhouses Japan and France reported their first cases of the omicron variant Tuesday, while new findings indicate the mutant coronavirus was already in Europe close to a week before South Africa sounded the alarm.

The Netherlands’ RIVM health institute disclosed that patient samples dating from Nov. 19 and 23 were found to contain the variant. It was last Wednesday, Nov. 24, that South African authorities reported the existence of the highly mutated virus to the World Health Organization.


Electric Vehicle Charging Company Allego To Go Public Via SPAC Merger

Kimberly Redmond | Equities.com |

European electric vehicle charging company Allego Holding will go public via a merger with Spartan Acquisition Corp III, a special purpose acquisition company (SPAC) backed by private equity giant Apollo Global Management Inc.

The deal, announced Wednesday, values Allego at $3.14 billion. The transaction will generate $702 million in proceeds, including $150 million from a private placement.


US and Germany Reach Nord Stream 2 Pipeline Agreement To Counter Russian Aggression

Reuters | Equities.com |

The United States and Germany on Wednesday unveiled an agreement on the Nord Stream 2 gas pipeline under which Berlin pledged to respond to any attempt by Russia to use energy as a weapon against Ukraine and other Central and Eastern European countries.

The pact aims to mitigate what critics see as the strategic dangers of the $11 billion pipeline, now 98% complete, being built under the Baltic Sea to carry gas from Russia's Arctic region to Germany.


At Least 110 People Confirmed Dead in European Floods; Hundreds Still Missing

AP News | Equities.com |

At least 110 people have died in devastating floods across parts of western Germany and Belgium, officials said Friday, as rescue operations and the search for hundreds still unaccounted for continued.

German President Frank-Walter Steinmeier said he was “stunned” by the devastation caused by the flooding and pledged support to the families of those killed and to cities and towns facing significant damage.


Visa To Acquire European Open Banking Platform Tink for $2.2 Billion

Kimberly Redmond | Equities.com |

Visa Inc (NYSE: V) announced Thursday it agreed to pay 1.8 billion euros ($2.2 billion) for Tink, a Swedish open banking platform whose digital services connect more than 3,400 banks and financial firms across Europe.

Under the agreement Tink will retain its brand and current management team and its headquarters will remain in Stockholm.


Air France-KLM Posts Wider Operating Loss in First Quarter Amid Lagging European Recovery

Reuters | Equities.com |

Air France-KLM sales are showing little sign so far of a travel upturn it still hopes to see by summer, the airline group said on Thursday, as it posted a wider first-quarter operating loss.

Air France-KLM said it expects to operate 50% of its pre-pandemic flight capacity in the second quarter under way, ramping up to 55% to 65% in July-September.


COVID-19 Cases Decline in Europe for First Time in Two Months

Kimberly Redmond | Equities.com |

For the first time in two months, new COVID-19 cases declined significantly in Europe, but infection rates remain high, according to the World Health Organization (WHO).

Despite the downward trend, WHO regional director for Europe, Dr. Hans Kluge, warned Thursday that the threat posed by coronavirus “remains present.”


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