Page 7 - Europe

Ukraine set for symbolic start of EU membership talks, alongside Moldova

The two countries will have to navigate not just technical and legal obstacles to membership but also political hurdles

German business sentiment unexpectedly darkens in June: Ifo Institute

The Ifo institute said its business climate index declined to 88.6 in June from 89.3 in May, compared with a reading of 89.7 forecast by analysts

Hungary forward Barnabas Varga stable after injury against Scotland

Hungary forward Barnabs Varga was in hospital in stable condition after a serious-looking injury at his team's final group match at the European Championship. Varga will likely undergo surgery after fracturing several bones in his face. The 29-year-old also has concussion and will take no part in the rest of Euro 2024 should Hungary advance to the round of 16 as one of the four best third-place teams. The Group A game against Scotland was halted for nearly 10 minutes so Varga could get treatment after colliding with opposing goalkeeper Angus Gunn midway through the second half. Varga's teammates held up blankets to shield the player as he was tended to by medical staff, while everyone looked on in concern. Both sets of fans applauded when Varga was stretchered off. Several bones in Barnabs Varga's face were broken during the collision during the match, and he also suffered a concussion, the Hungarian soccer federation wrote on X, formerly Twitter, after the match. The Ferencvros

Germany gets late goal to draw with Swiss; finish top of Euro 2024 group

They all jumped for the ball in a frantic late push for the goal that would save Germany from its first loss at the European Championship, against an impressive Switzerland team. Defender Nico Schlotterbeck leaped up, next to the even more imposing center-back Antonio Rdiger, who reached highest of all. In front of them both was substitute Niclas Fllkrug. The German trio was circled by three Swiss opponents trying to protect a 1-0 lead two minutes into stoppage time. Six pairs of feet off the ground in unison, straining to be the one to head the ball. It was Fllkrug who won the contest, guiding the ball crossed from another substitute David Raum back across Switzerland goalkeeper Yann Sommer into the top corner of the net. The match ended 1-1. We risked a lot in this phase because we could have conceded a second goal, Germany coach Julian Nagelesmann said about throwing his defenders into attack. "Who doesn't dare to risk, doesn't get to draw. Germany had already advanced to the r

ABN Amro nears deal to buy HSBC's German private bank: Report

The takeover of the business, formerly known as Trinkaus & Burkhardt, could be announced over the next two to three weeks, the paper said

India's plan for raw material curbs ignores Red Sea crisis: Arcelor-Nippon

The curbs planned by the world's second-biggest producer of crude steel could hit output, as they cap imports of a steelmaking fuel, low ash metallurgical coke

After rallying to 26-mth high, Asian shares end the week with a whimper

Overnight, the Swiss National Bank cut rates for a second time while the Bank of England opened the door to an easing in August after holding rates steady

Euro 2024: Group C leader England faces Denmark in semifinal rematch

England faces Denmark on Thursday as the leader of Group C at the European Championship after a 1-0 win over Serbia. Denmark was denied by Slovenia's late leveler in a 1-1 draw also on Sunday. They meet in Frankfurt at the Waldstadion where kickoff is at 6 pm local time (1600 GMT). Here's what to know about the match: Denmark's need for a win is greater, ahead of a final Group C game against a physically imposing Serbia team. The teams renew their rivalry from a Euro 2020 semifinal played three years ago at Wembley Stadium. England won 2-1 after extra time, sealed when Harry Kane followed up his penalty being saved by Kasper Schmeichel to score when the ball rebounded to him. Denmark did not easily forget how England got that decisive spot-kick, for a foul awarded against defender Joakim Mhle "a penalty which should not have been a penalty," coach Kasper Hjulmand said then. There is a familiarity between the squads with teammates at Manchester United, Crystal Palace and Brentford

China requests Britain to stop sanctioning Chinese firms over Russian links

Britain last week imposed its first sanctions targeting vessels in Russian President Vladimir Putin's "shadow fleet" that it said was used to circumvent Western sanctions on the trade in Russian oil

EU Commission plan may exempt long-haul flights from new emissions rules

The EU is developing plans to require airlines to track and report their contribution to climate change from January 2025

UK inflation at 2% for first time since 2021, underlying pressure persists

Sterling rose modestly against the US dollar after the data

Indian debt expensive but rate cut clarity to trigger more buying: Pictet

Pictet, one of Europe's largest fund managers, manages debt worth around $2.67 billion in its local currency emerging market fund

Commercial properties become stranded across Europe poor energy performance

The development is playing out as the commercial market struggles to right itself after years of turbulence due to higher interest rates and volatile post-pandemic occupancy rates

Mbappe's injury casts shadow on his continued participation in Euro 2024

Kylian Mbapp's facial injury in France's 1-0 win against Austria has put in doubt whether he will continue at the European Championship. An aerial head-on-shoulder collision with Austria's Kevin Danso left Mbapp curled on the field with his nose bloodied and swollen late in the Group D game at Dusseldorf Arena. I don't have the elements in my hands, France coach Didier Deschamps said. He didn't get off lightly. It is still to be seen. I cannot at this stage give the answer (if he will be ruled out). Mbapp's obvious pain following the incident prompted Austria goalkeeper Patrick Pentz to signal for urgent medical assistance. We're worried to see Kylian leave the field like that, France midfielder N'Golo Kante said. We still don't know what the situation is. ... We hope that it's not too severe and that he's back with us for the rest of the competition. Mbapp is France's talisman and his injury likely struck fear in the hearts of fans. Later he appeared to try to lighten the mood.

Mbappe suffers face injury as France wins 1-0 against Austria at Euro 2024

Kylian Mbapp suffered a facial injury and was replaced as France beat Austria 1-0 in its opening game of the European Championship. The striker, involved in the first-half goal, clashed heads with Austria's Kevin Danso late in the Group D game at Dusseldorf Arena on Monday. He was in obvious pain as he lay curled on the grass, prompting Austria goalkeeper Patrick Pentz to signal for medical attention. Mbapp received treatment and his shirt was covered with blood from what appeared to be a blow to his nose. He tried to play on but quickly fell to the ground, holding his face and prompting whistles and jeers from Austria's fans, who seemed to believe he was time-wasting as France held on for the win. He was booked by referee Jesus Gil Manzano and replaced by Olivier Giroud. France needed an own goal from Maximilian Wober in the 38th minute and handed Didier Deschamps his 100th victory as national team coach. On a mixed day for Mbapp, it was his moment of inspiration that led to the

China hits Europe's pork imports after EU imposes tariffs on Chinese EVs

The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce Ministry didn't mention the EV tariffs when it announced Monday that it is opening an anti-dumping investigation into pork from Europe, but the move is widely seen as a response to the EU move on electric cars. It also gives China a bargaining chip in any trade negotiations. China could have slapped a 25% duty on imports of gasoline-powered vehicles with large engines in the name of combating climate change, a step that would would have hit Mercedes and BMW hard. In choosing not to do so, at least for now, the government may be acknowledging the public opposition of the German auto industry to the EU tariffs, as well as its sizeable production in China. The Chinese market is a major one for German automakers, and the head of

Paris loses its crown to London as the biggest stock market in Europe

President Emmanuel Macron's shock announcement of a snap election sparked a rout that wiped off about $258 billion from the market capitalisation of French firms last week

Landmark EU nature restoration plan gets nod as bloc gives green light

European Union countries on Monday gave final approval to a major and long-awaited plan to better protect nature in the 27-nation bloc. After surviving a razor-thin vote by lawmakers last summer, the so-called Nature Restoration Plan faced opposition from several member states for months amid relentless farmers' protests that contributed to leave the bill in a deadlock. The law, which aims at restoring ecosystems, species and habitats in the EU, was finally adopted at a meeting of environment ministers at Luxembourg after rallying the required support from a qualified majority representing 15 of the 27 member states and 65 per cent of the EU population. This is the final step before this law can enter into force, said the Belgian presidency of the EU Council. The Nature Restoration plan is a part of the EU's European Green Deal that seeks to establish the world's most ambitious climate and biodiversity targets, and make the bloc the global point of reference on all climate ...

EU cybersecurity should not discriminate against Big Tech: Industry groups

The European Commission, EU cybersecurity agency ENISA and EU countries will meet on Tuesday to discuss the scheme

G7 nations pledge support to specific infra projects like IMEC Corridor

Key projects include coordinating and financing efforts for corridors like the Lobito, Luzon, Middle, and India-Middle East-Europe