Results for: Europe

Ned Davis Research analysts have reduced the U.S. market allocation from overweight 58% to market weight 54%, citing unfavorable fundamentals and technicals. They have increased Europe and Japan allocations by 2% each. The analysts view the U.S. market as inconsistency with their neutral view on U.S. duration. The spread between the U.S. 10-Year Treasury and the 10-Year German Bund has widened to its highest level since October. The U.S. currency has declined against Europe, Japan, and the U.K. Inflation remains higher in the U.S. compared to Europe and Japan. NDR’s asset allocation recommendation is 65% stocks, 30% bonds, and 5% cash, with an overweight in the S&P 500 and a preference for small caps over large caps.

Equinor’s Hammerfest LNG plant in northern Norway was evacuated Tuesday due to a gas leak during maintenance. The plant, Europe’s largest LNG export facility, will remain offline until Friday at least. The leak has been stopped, and all personnel at the plant are accounted for. There were no injuries or risk to the general population. The outage is expected to affect about 5% of Norwegian gas exports.

Western intelligence agencies have played a crucial role in preventing at least 10 jihadist attacks across Europe in the past year, according to the Dutch intelligence agency AIVD. The threat of further attacks has escalated due to the ongoing conflict between Israel and Hamas, as well as other incidents inciting Muslim outrage. The AIVD’s annual report highlights that disruptions foiled attacks included plans for random stabbings and assaults on specific buildings and events. Despite the increased threat, the terrorism threat level in the UK remains at ‘substantial,’ while Sweden previously raised its alert after Koran burnings sparked threats from jihadists.

Tripadvisor’s annual Traveller’s Choice Best of the Best Hotels Awards reveals Europe’s hotels dominating the rankings for sustainability. Among the top six: Hotel Kong Arthur in Denmark, Ikos Odisia in Greece, Monverde Wine Experience Hotel in Portugal, The Hari in the UK, Vincci Ponte de Ferro in Portugal, and Hotel Bellevue Dubrovnik in Croatia.

The 68th Eurovision Song Contest is set to take place in May 2024 in Malmö, Sweden. Founded in 1956, Eurovision is a competition where acts from 37 countries compete for the continent’s pop crown in a feel-good extravaganza that strives to banish international strife and division. The voting system, which awards points from juries of music industry professionals as well as viewers across Europe, makes winners notoriously hard to predict. This year’s contest will be aired by national broadcasters in participating nations, on streaming service Peacock in the United States, and on the Eurovision YouTube channel.

In 2023, Europe experienced a year of extreme weather events, including devastating floods in northern countries and widespread drought in the south. The European State of the Climate report highlights that the continent is warming up twice as fast as the global average, leading to an increase in the frequency and severity of extreme events.

Europe is experiencing an alarming rate of warming, with temperatures rising at approximately twice the global average. According to a joint report by the World Meteorological Organization and the European Union’s climate agency, Copernicus, the continent’s average temperature is now 2.3°C above pre-industrial levels. This warming trend is leading to severe consequences, including increased heat stress, glacier melt, economic losses, and health risks.

According to the European State of the Climate (ESOTC) report, Europe is warming up at twice the global average, with temperatures rising 2.3 degrees Celsius above preindustrial levels compared to 1.3 degrees Celsius globally. This warming trend is leading to deadly heatwaves, severe flooding, and other extreme weather events. In 2023, which was the second warmest year on record for Europe, parts of southern Europe experienced extreme heat stress, while northern Europe faced extended periods of extreme cold stress.

Europe’s climate is rapidly changing, with temperatures rising at twice the global average, according to a joint report by the World Meteorological Organization and the European Union’s climate agency, Copernicus. This warming trend is leading to dire consequences, such as increased glacier melt, extreme weather events, and health risks for its citizens.

Polish President Andrzej Duda has contradicted Prime Minister Donald Tusk’s recent assertion that Europe is entering a “pre-war era.” While Tusk warned of potential military conflict if Ukraine is not adequately supported, Duda expressed confidence in credible deterrence as a means to prevent war. Duda suggested arming up as a strategy to maintain power and avoid becoming a target of attack.