In boost to climate policy, EU makes first move to end fossil fuel funding

BRUSSELS (Reuters) – A preliminary text agreed by EU member states calls on the European Investment Bank to stop funding fossil fuel projects, in what would be a breakthrough in the bloc’s climate policy and a blow to the coal, gas and oil industries. The document, seen by Reuters, was agreed on Tuesday by mid-ranking representatives of the EU’s 28 […]

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European shares inch higher as financials rise

(For a live blog on European stocks, type LIVE/ in an Eikon news window) Nov 6 (Reuters) – European shares edged higher on Wednesday, boosted by financial stocks, as investors parsed through a mixed bag of earnings reports and awaited new developments on trade talks between the United States and China. Societe Generale shares rose 3.5% after the bank said […]

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Europe Inc's recession expected to deepen as third-quarter earnings outlook deteriorates: Refinitiv

LONDON (Reuters) – Europe’s corporate recession is expected to accelerate, according to the latest forecasts, as companies struggle with uncertainties from Brexit, the protracted U.S.-China trade spat and Germany’s manufacturing recession. Companies listed on the STOXX 600 regional index are now expected to report a drop of as much as 5.3% in third-quarter earnings, worse than the 3.7% fall expected […]

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Europe's climate credentials face acid test in EIB fossil fuel vote

LONDON (Reuters) – Europe’s climate change credentials face an acid test this week when the bloc’s lending arm, the European Investment Bank, decides whether or not to stop funding fossil fuel projects beyond next year. The decision is due to be made on Tuesday by EU finance ministers and other top officials after an intense few months of discussion in […]

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Johnson’s Plan for EU Divorce Deal Hits Trouble: Brexit Update

British Prime Minister Boris Johnson will present a new plan for a Brexit deal to the European Union within days but there are signs that it may not be acceptable. While some purist euro-skeptics in Johnson’s ruling Conservative party are willing to compromise, the Irish government has said his proposals so far for resolving the Brexit impasse are a non-starter. […]

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