Europe resists energy crunch, boosting growth forecast
- 15-May-2023
BRUSSELS: Europe’s economy rode out the energy price crisis triggered by Russia’s war on Ukraine with better-than-expected economic growth, Brussels said Monday, as it boosted its forecast. The European Commission revised upwards its 2023 economic outlook, but also warned that inflation remains higher than hoped, maintaining pressure for higher interest rates. The commission raised its […]
Japan eyes nuclear power push to combat energy crunch
- 25-Aug-2022
TOKYO: Japan’s prime minister on Wednesday called for a push to revive the country’s nuclear power industry in a bid to tackle soaring imported energy costs linked to the war in Ukraine. Such a move could prove controversial, after the 2011 Fukushima disaster led to the suspension of many nuclear reactors over safety fears. Like […]