BRUSSELS — European Union foreign ministers meeting in Brussels on Monday scrambled to work out how to salvage the Iran nuclear deal despite Tehran’s breaching the agreed limits on its uranium enrichment program and warnings that it might go much further. Arriving at the meeting, the British foreign secretary, Jeremy Hunt, said there was a […]
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Europe’s positioning satellites, Galileo, have been out of action since July 11 for mysterious reasons. On the page showing the current situation of all 22 satellites, it’s showing “Not Usable” or “Testing” as the status. As GPSWorld noted, the outage began on July 11 at 1 pm CET. On July 13, the European GNSS Service […]
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BERLIN — When protesters in reflective yellow vests took to the barricades in France, rebelling against a gas tax that would hit hardest those who could least afford it, Annalena Baerbock was watching closely from across the border. A co-leader of Germany’s Greens, Ms. Baerbock has seen her party steadily strengthen over the last year. […]
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ConservativeHome declared yesterday that their survey of Tory Party members finds that Boris Johnson has already won the leadership contest. He’s also embraced the proud UK leadership practice of promoting Brexit unicorns. A few examples: The EU will blink with him when it didn’t with Theresa May because Johnson serious about being willing to exit, […]
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Huawei’s original plan for 2019 called for its foldable Mate X to become its first 5G phone, but a last-minute delay pushed the $2,600 device into September. Now the embattled Chinese company has confirmed that its more conventional smartphone, the Mate 20 X 5G, will be its first 5G phone, with official launches across multiple […]
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In the always inventive world of exchange-traded funds, you can find funds focused on European carbon credits, social media, and even one that aims to profit from the obesity of Americans. “There’s a lot of wacky stuff out there — I can’t keep track of them all,” said Daniel Sotiroff, an analyst with Morningstar Research […]
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The beached financial whale known as Deutsche Bank is going to find it awfully hard to get itself back into the drink, let alone find good feeding grounds. After a pop over the news that Deutsche was Doing Something Big, the stock skittered as the CEO Christian Sewing presented more details of the turnaround plan. […]
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Central bankers have a favorite mantra: Patch the roof while the sun is shining. But 10 years after the Federal Reserve worked alongside the European Central Bank and the Bank of Japan to bring the global economy back from the brink, their ability to prevent the next downturn is limited. Whether the world’s central banks […]
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From iron works in Burkina Faso that date back nearly three millenniums, to the fortified and planned city of Jaipur in India, to the Guggenheim Museum in Manhattan, Unesco has added a broad array of cultural and natural marvels to its World Heritage List. To be included on the list, a site must meet at […]
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Drilling for ice cores in Greenland. Image: Joseph McConnell When Charlemagne minted his new silver-based currency in the 8th century, he had no idea that his actions would end up etched into Arctic ice sheets thousands of miles away. New research reveals that lead emissions created by Charlemagne’s silver mines wafted north over the continent […]
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Deutshe Bank has been the poster child for how long a sick but ginormous bank can be allowed to limp along.As we wrote in March: That does not excuse Deutsche Bank having long been spectacularly mismanaged. It’s been operating under what amounts to regulatory forbearance since the crisis, with capital levels way way below any […]
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BRUSSELS — The European Union launched an ambitious effort earlier this year to combat election interference: an early-warning system that would sound alarms about Russian propaganda. Despite high expectations, however, records show that the system has become a repository for a mishmash of information, produced no alerts and is already at risk of becoming defunct. […]
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HAMBURG — Germany has a new heroine. She is Carola Rackete, she is 31, and she is the captain of Sea Watch 3, a German N.G.O.-operated ship that on June 12 rescued 53 desperate migrants in international waters off Libya. Rather than return them to Libya, where they would face inhumane conditions, she plotted a […]
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ROME — As she guided a ship carrying 40 rescued, increasingly desperate migrants into port on the island of Lampedusa, Capt. Carola Rackete did not fully realize that she had become one of Italy’s most polarizing figures over the previous two weeks. By docking after being told she should not, she had firmly landed in […]
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Depending on your perspective, the future of transportation just became either a lot clearer or a little more complicated, as European Union member states yesterday rejected (via Reuters) an effort to mandate Wi-Fi as the standard for future car-to-car communications. Twenty-one EU countries voted against a European Commission plan that would have shut out 5G cellular […]
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BRUSSELS — NATO military officials are exploring whether to upgrade their defenses to make them capable of shooting down newly deployed Russian intermediate-range nuclear missiles after a landmark arms treaty dissolves next month, according to three European officials. Any change to the stated mission of NATO’s current missile defense system — aimed at threats from […]
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On paper, Italy’s deputy prime minister, Matteo Salvini, is a dubious poster child for Catholicism. Mr. Salvini is divorced. He has two children by two women and is in a relationship with a third. But that hasn’t stopped him from reinventing himself as Italy’s Catholic-in-chief. “I am the last of the good Christians,” Mr. Salvini, […]
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The heat wave that smothered much of Europe at the end of June helped raise average global temperatures to a record for the month, a European weather forecasting agency has said. The European Center for Medium-Range Weather Forecasts said Tuesday that global temperatures for June were about 0.2 degrees Fahrenheit, or 0.1 degree Celsius, higher […]
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By Gianmarco Ottaviano, Professor of Economics, Bocconi University. Originally published at VoxEU Economic geography strikes back. After a couple of decades of easy talk about the ‘death of distance’ in the age of globalisation, the promise of a world of rising living standards for all is increasingly challenged by the resilience of regional disparities within […]
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