Page 2 - Europe

Chinese govt fights economic slump, prioritises costly 'zero Covid'

China kept infection numbers low until early this year with a strategy that shut down cities, but entailed soaring costs

Ukrainians stop Russian natural gas at one hub, make gains in east

In 11 weeks, the war has played out on battlefields in Ukrainian towns and cities but also in energy and financial markets

European Central Bank rate hike can come as soon as July, says Lagarde

The ECB should end its stimulus bond-buying scheme "early in the third quarter", Lagarde said in a speech in Ljubljana

Bosnia crisis at worst since 1992-1995 war, says peace accord official

Christian Schmidt said leaders of the country's Bosnian Serb-dominated entity have systematically challenged 1995 peace agreement provisions

Ukraine's economy to shrink by 30% in 2022 due to war, says EBRD

Russia's invasion has upended trade in energy, agricultural commodities and fertilisers and disrupted supply chains, resulting in slower growth across eastern Europe

Macron proposes European political community to include nations outside EU

French President Emmanuel Macron believes that a "European political community" should be built that would be broader than the European Union

OYO completes acquisition of Europe-based company Direct Booker

Direct Booker has over 3,200 homes and serviced 2 million customers so far, OYO said in a statement

Imports from Russia surges 63% in March 2022, says Finnish customs

The value of imports from Russia was 1 billion euros ($1.06 billion) in March 2022 while the value of Finland's exports to Russia amounted to 184.4 million euros

PM Modi returns home after concluding three-nation European tour

Prime Minister Narendra Modi returned home on Thursday after concluding his three-nation European tour during which he held a series of bilateral meetings to boost ties in a range of areas including trade, energy and green technology. "PM @narendramodi's 3-day, 3-nation tour was immensely productive. - Advanced trade & investment ties - Forged new green partnerships - Promoted collaborations for innovation and skill development - Strengthened the spirit of cooperation with our European partners," Ministry of External Affairs Spokesperson Arindam Bagchi tweeted along with a picture of Modi waving before boarding the plane for departure. In a tweet earlier, the prime minister described his visit to France as "very fruitful". "My visit to France was brief but a very fruitful one. President @EmmanuelMacron and I got the opportunity to discuss various subjects. I thank him and the French Government for the warm hospitality," Modi said. Modi, who was in Paris for the final leg of his

India's role in damaging climate negligible, says PM Modi in Denmark

Asserting that India's role in damaging the climate is negligible, PM Modi said Indians have had no role in harming the planet and the need of the hour is to promote 'lifestyle for environment'.

Citigroup behind error that wiped out $315 billion from European markets

The bank said it identified the error "within minutes" and corrected it

PM Modi invokes 'FOMO' to woo Danish firms' investment in India

Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out.

PM Modi, Danish counterpart Mette Frederiksen discuss Ukraine war

PM Narendra Modi discussed the war in Ukraine with the Danish PM Mette Frederiksen during the signing of the Memorandum of Understanding (MoUs) between India and Denmark in Copenhagen.

India, Denmark exchange letters of Intent and MoUs for stronger relations

India and Denmark on Tuesday exchanged Letters of Intent and Memorandums of Understanding (MoUs) in the presence of Prime Minister Narendra Modi and Danish PM Mette Frederiksen in Copenhagen.

PM Modi departs for Copenhagen in Denmark on second leg of Europe visit

Ahead of his departure, PM Modi thanked the German government for their hospitality during his "productive" visit.

Error by Citigroup trader caused 'flash crash' in Europe markets

A flash crash is an extremely fast fall in the price of one or more assets, often caused by a trading mistake

LIVE: No country can emerge victorious in Ukraine conflict, says PM Modi

Live news updates: PM Narendra Modi on Monday held a meeting with German Challancer Olaf Scholz in Berlin as the two leaders look forward to expanding India-Germany cooperation

Lithuania ends Covid emergency status, changes management strategy

The decision was made following a steady decline in the number of new cases and hospital admissions, reports Xinhua news agency

Three TCPL shares for every 10 of Tata Coffee, merger in 12-14 months

The merger of Tata Coffee Ltd with Tata Consumer Products Ltd (TCPL) will be completed in 12-14 months and the companies are in the early stages of filing the regulatory process, an official said. Tata Coffee Ltd officials do not foresee any roadblocks in the process of merger. "It would take about 12 to 14 months. So that's what the timeline is," Tata Coffee Ltd ED & CFO K Venkataramanan told analysts at an investors meet. TCPL has announced the merger of all businesses of Tata Coffee with itself or its subsidiaries as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. Under the scheme, shareholders of Tata Coffee will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them. Speaking about the demand scenario under the ongoing geopolitical crisis, the management said that the demand remains firm, even for Russia and Europe. "Tata Coffee have got a healthy order book and customers are asking .

India calls for end to conflict in Ukraine ahead of PM Modi's Europe trip

On his first trip abroad this year, Modi will embark on a three-day visit to Germany, Denmark and France beginning Monday amid the ongoing crisis in Ukraine