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Europe's consumers face rising prices but the ECB is unfazed


Europe s consumers face rising prices but the ECB is unfazed
Reuters
1 day ago
By Mark John
© Reuters/KAI PFAFFENBACH
FILE PHOTO: The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt
By Mark John
LONDON (Reuters) -Europe s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European Central Bank believes it can live with.
    Over the past year, the fallout from COVID-19 has contorted both the demand and supply sides of the global economy, creating bottlenecks in supply chains, havoc in freight markets and a rally in raw materials from corn to copper. ....

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ANALYSIS-Europe's consumers face rising prices but the ECB is unfazed


European consumers in buoyant mood
ECB argues inflation pressures will fade
LONDON, May 7 (Reuters) - Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European Central Bank believes it can live with.
Over the past year, the fallout from COVID-19 has contorted both the demand and supply sides of the global economy, creating bottlenecks in supply chains, havoc in freight markets and a rally in raw materials from corn to copper.
Lockdowns, meanwhile, have deprived well-off consumers in Europe and elsewhere of the opportunities to spend their cash, creating record levels of savings and a window of opportunity for companies to push through price increases. ....

United States , City Of , United Kingdom , Noord Holland , David Clarke , Janet Yellen , John Revill , Mark John , Ludwig Burger , Joe Biden , Emma Thomasson , Christina Amann , Gavin Maguire , Balazs Koranyi , Ilona Wissenbach , Carsten Spohr , Patturaja Murugaboopathy , Thomson Reuters Trust Principles , European Central Bank , President Joe Biden , Treasury Secretary Janet Yellen , Executive Carsten Spohr , Philip Lane , Toby Sterling , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் ,

Analysis: Can the Rhine's white gold power Germany's green e-car race?


Analysis: Can the Rhine s white gold power Germany s green e-car race?
Reuters
1 hour ago
By Michael Nienaber
BERLIN (Reuters) - With an eye on rapidly rising demand from Germany s electric vehicle industry, power and mining companies alike are striving to bring to the surface lithium trapped in underground springs of boiling hot water thousands of metres below the Rhine river.
Straddling an area 300 kilometres (186.41 miles) long and up to 40 kilometres wide, the Upper-Rhine Valley in the Black Forest area of southwestern Germany holds enough lithium for more than 400 million electric cars, geologolists have estimated, making it one of the world s biggest deposits. ....

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ANALYSIS-Can the Rhine's white gold power Germany's green e-car race?


ANALYSIS-Can the Rhine s white gold power Germany s green e-car race?
Reuters
1 hr ago
Popular Searches
German carmakers in talks with local lithium ventures
By Michael Nienaber
BERLIN, April 28 (Reuters) - With an eye on rapidly rising demand from Germany s electric vehicle industry, power and mining companies alike are striving to bring to the surface lithium trapped in underground springs of boiling hot water thousands of meters below the Rhine river.
Straddling an area 300 kilometers (186.41 miles) long and up to 40 kilometers wide, the Upper-Rhine Valley in the Black Forest area of southwestern Germany holds enough lithium for more than 400 million electric cars, geologolists have estimated, making it one of the world s biggest deposits. ....

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