Bloomberg Commodity markets are stripping away the case for coal in Europe, moving quicker than government efforts to close the most polluting power plants. A plunge in natural gas prices along with an increase in the cost of releasing carbon dioxide emissions shifted the profitability of generating electricity away from burning coal, according to data compiled by BloombergNEF. The trend ...

Bloomberg The UK’s planned exit from the European Union may have already pushed the UK into a technical recession, according to the National Institute of Economic and Social Research. In a gloomy set of new forecasts, Niesr predicted that, even assuming a smooth exit in October, the nation will grow 1 percent in 2019 and 1 percent in 2020. There’s ...

Bloomberg German unemployment is set to rise in the next three months after a slump in manufacturing and weak exports weighed down Europe’s largest economy, according to the Bundesbank. Total output probably contracted in the second quarter, the Frankfurt-based institution said. While domestic demand likely continued to support growth, softer momentum is starting to leave its mark on the labor ...