Page 48 - Europe

UK unveils $45-billion energy bill bailout for businesses in Europe

"We'll ensure the most vulnerable businesses continue to be supported after that," said British PM Liz Truss

Germany takes over Uniper for $8 billion amid Europe's energy crisis

Germany also took control of a Russian-owned oil refinery, which supplies 90% of capital's fuel, putting a Rosneft unit under the trusteeship of industry regulator and taking over Schwedt plant

Medical agency urges Europe to prepare for new Covid wave ahead of autumn

The European Medicines Agency (EMA) said that despite a fall in the number of Covid-19 cases across the continent, the pandemic is not over yet and countries should prepare for a new wave

Russia to flood Asia with fuels as Europe ramps up sanctions: Report

Moscow plans to raise taxes on energy sector to the tune of $50 bn in 2023-25

European Union seeks emergency powers to prevent supply-chain crisis

The proposal is expected to face strong pushback from businesses and some EU countries

Bitcoin touches 3-month low; Ether extends fall since 'Merge' update

Investors are bracing for volatility from the jumbo Federal Reserve interest-rate hike expected Wednesday to fight price pressures.

German Chancellor Olaf Scholz betting billions of euros on securing energy

Scholz's strategy adds pressure on the country's finances at a time when Germany already risks tipping into recession

Gas-starved Europe's revival of coal plants spells bad news for India

Coal consumers in India are taking evasive action to save their balance sheets

Hungarian PM slams European Parliament for 'attacks' amid energy crisis

Hungarian Prime Minister Viktor Orban's right-wing Fidesz party slammed the European Parliament (EP) for "being occupied with attacking Hungary even in the midst of the current crises"

17 mn in Europe experienced long Covid; WHO urges nation to find solution

At least 17 million people in the World Health Organisation (WHO) European Region experienced the post-Covid-19 condition, or long Covid, in the first two years of the pandemic

Putin will love seeing lots of western Europeans protest this fall

This fall, civil unrest is likely to heat up in 101 countries (out of 198 monitored), according to an index developed by Verisk Maplecroft, a research firm

An $83 billion investor stampede shows scale of Europe's woes

Europe's woes have grown particularly acute in recent months as the region stares down the threat of a recession just as its central bank embarks on an aggressive campaign to tame inflation

Price cap won't largely affect Russian gas supply, says Estonian minister

Any price cap EU countries might set on gas from Russia probably won't make a large difference on the supply of it to Europe, Estonia's energy minister said

Europe waits on potentially record ECB rate hike to fight inflation

The euro slipped 0.19% to $0.99885, after hitting a 20-year low of $0.9864 earlier in the week

Russia gas price cap political agenda, no focus on EU energy crisis: Prague

The Czech Republic, which currently holds the rotating Presidency of the Council of the European Union wants to remove capping Russian gas prices from the agenda of this Friday's meeting

Resilient US dollar soars to 24-year high vs yen, 37-year peak vs sterling

A Northern California sheriff's deputy has turned himself in to law enforcement after he was accused in the fatal slaying of a husband and wife in their home early on Wednesday, authorities said.

NATO chief warns of civil unrest in Europe sparked by energy crisis

Stoltenberg warned that Putin could carry out further aggression against Russia's neighbours and even attack NATO allies if he is emboldened by success in Ukraine

Russia sends more energy to Asia as Europe cuts back, says report

Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in Ukraine, said a report published Tuesday. The Centre for Research on Energy and Clean Air said Russia received about 158 billion euros ($158 billion) in revenue for the sale of oil, natural gas and coal from February to August, more than half of which some 85 billion euros worth was exported to the European Union. Within the EU, Germany was the biggest importer, buying 19 billion euros worth of fossil fuels from Russia during the six-month period. The single biggest importer worldwide, however, was China, which bought 35 billion euros worth of Russian energy, the Helsinki-based group said. While Russia's revenue rose, overall export volumes dropped by 18% compared with when the country invaded Ukraine, the report said. The EU has cut its imports from Russia b

Explained: Nord Stream 1 pipeline and its importance

Nord Stream 1 is the biggest pipeline transporting natural gas between Russia and Europe via Germany. Watch the video to know about its significance >

What are the Nord Stream 1 & 2 pipelines?

Financial markets in Europe sunk on Monday after the Russian decision to snap the gas supply via its Nord Stream 1. Know more about this pipeline, and why is it so crucial for Europe?