Europe News

Huge offshore wind farm Hornsea 2 is fully operational, Orsted says

One of the turbines at the Hornsea 2 offshore wind farm. According to Danish energy firm Orsted, the facility has a capacity of more than 1.3 gigawatts.OrstedA facility described by Danish energy firm Orsted as the “world’s biggest offshore wind farm” is now fully operational, with its 165 turbines set to help power in excess …

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SocGen earnings Q2 2022

French bank Societe Generale’s headquarters in Paris.Chesnot | Getty Images News | Getty ImagesSociete Generale on Wednesday reported better-than-expected earnings despite taking a 3.3 billion euro ($3.36 billion) hit from exiting its Russian operations.The French lender saw every unit grow in the second quarter, which helped offset the impact of its departure from Russia in …

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Euro zone inflation 8.6% in June, ECB to hike rates for first time in 11 years

The ECB has announced it will be hiking rates in July and September to counter record inflation.Daniel Roland | Afp | Getty ImagesEuro zone inflation reached a new record high in June just ahead of the European Central Bank’s first rate increase in 11 years.Headline inflation came in at 8.6% (year-on-year) for last month, according …

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