climate

Obama in Greece

US Trade Policy Clouds Climate Prospects

Veena Trehan | Obama’s legacy will be scarred if he deviates from focusing on addressing climate change. In August 2015, US President Barack Obama made a memorable trip to the Arctic just months after approving Shell’s drilling off the coast of Alaska. At the time, he said: “Climate change is no longer some far-off problem; it is happening here, it is happening now.”


Economic sentiment worsens in Italy, Germany and France, but remains stable in Spain

MADRID | The Corner | In August the Economic Sentiment Indicator (ESI) fell in the euro area (by 1.5 points to 100.6) and the EU (by 1.2 points at 104.6). Once again the core Europe does not bring any good news, where sentiment dropped in Italy (by 4.1p to 97.8), Germany (by 1.9p to 104.1 ) and France (by 0.6p to 95.1), while sentiment remained flat in Spain (103.).  Among the data published by the European Commission today, the industrial confidence fell in the EA to -5.3 in August from -3.8 in July and construction sentiment dropped to -28.4 from -28.2. Sentiment in the services industry declined to 3.1 from 3.6 and retail trade to -4.6 from -2.3. Consumer confidence remained at -10.