[ad_1] Spiralling inflation has sparked a cost-of-living crisis across Europe, and governments are stepping in to try to shield households and businesses from the seemingly never-ending surge in energy prices.…
Tag: energy
Europe’s energy crisis haunts the euro as it tumbles to 20-year low
[ad_1] Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while…
Germany bails out gas branch of Finnish state-owned energy supplier
[ad_1] The German government is bailing out the country’s biggest importer of Russian gas used to fuel industry, generate electricity and heat homes. Chancellor Olaf Scholz announced on Friday that…
Tesla profits jump and Elon Musk is confident amid global economy woes
[ad_1] Tesla reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset production challenges caused by supply chain issues, COVID-19…
EU sees a way to pay for Russian gas without breaching war sanctions
[ad_1] EU companies may be able to work around Russia’s demand to receive gas payments in roubles without breaching sanctions if they pay in euros or dollars which are then…
Europe needs to be weaned off Russian energy for the sake of stability
[ad_1] The views and opinions expressed in this article are those of the author. Following Russia’s invasion of Ukraine, one could ask what went wrong and what will happen now…