Page 5 - Europe

Russian shelling damaged nuclear plant power lines, says Ukraine

Ukraine's nuclear state operator said on Thursday that Russia has shelled and damaged power lines connecting Europe's largest nuclear power plant to the Ukrainian grid, leaving the plant reliant on diesel generators again. The generators have enough fuel to maintain the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine for just 15 days, Energoatom said in a post on its Telegram channel. The countdown has begun, Energoatom said, noting it had limited possibilities to maintain the ZNPP in a safe mode, raising fears of a potential nuclear disaster. With its six reactors inoperative, the plant relies on outside electricity to cool its spent fuel. Russia and Ukraine have traded blame for months amid the war for shelling at and around the plant that the UN's nuclear watchdog has warned could cause a radiation emergency. The nuclear power plant lies within part of the Zaporizhzhia region that has been occupied by Russian forces since the early days of the war, which began when Rus

Soluble and relevant: The focus of India's G20 agenda

The government may be tempted to showcase its own achievements. But it must resist this temptation

Tech Mahindra Q2 net down 4% YoY to Rs 1,285 cr on supply side pressure

Profit was up sequentially, however; Revenue rose 20.7% YoY and 3.3% QoQ, driven by growth in CME segment and the US market

Italy's economic growth streak continues; GDP expands 0.5% in Q3

According to the National Institute of Statistics (ISTAT), it was the seventh three-month period in a row that Italy's economy expanded

Inflation hits new record 10.7% in Europe, slowing economy: Report

Annual inflation reached 10.7 per cent in October, the European Union's statistics agency, Eurostat, reported on Monday

Tata Steel Q2 net profit down 87.3% to Rs 1,514 cr over decline in margins

Revenues from operations at Rs 59,877.52 crore was marginally down from Rs 60,387.13 crore in the year-ago period

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic

EU to tighten gun trade laws as Ukraine war fuels fear of illegal arms

The European Union on Thursday moved to tighten laws governing the trade and transport of guns to help keep illicit firearms out of the hands of criminal gangs amid concerns that the war in Ukraine could increase the spread of illegal weapons. The EU's executive branch, the European Commission, estimates that around 35 million illicit weapons are in hands of civilians across the 27-nation bloc. Around 630,000 firearms are listed as stolen in the EU's security and border database. The commission's crackdown would involve clearer, common procedures for the import, export and transit of firearms and ammunitions. An electronic licensing system would be set up for import and export applications to replace the slower paper-based systems most countries have. Stricter standards would be imposed on the manufacture of alarm and signal weapons, which fire things like blanks or tear gas. Such arms were converted by extremists and used in the bloody 2015 Paris attacks and the killing of staff at

Unilever downbeat on Europe, China consumer sentiment; raise prices

Like the rest of the consumer goods industry, Unilever's margins have been squeezed since the start of the war in Ukraine that has pushed up costs of energy and key ingredients

Continental power grid spanning Japan to India inches closer to reality

Plans for a web of sub-sea cables that would create a continental power grid spanning Japan to India are rapidly becoming cheaper and more feasible

Gas crunch eases in Europe - but the respite might not last

Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It's a welcome respite after Russia slashed natural gas flows, triggering an energy crisis that has fuelled record inflation and a looming recession. Yet experts warn it's too soon to exhale, even as European governments roll out relief packages for people struggling with high utility bills and work on longer-term ways to contain volatile gas and electricity prices that have shrunk household budgets and forced some businesses to shut down. Uncertainties include not only the weather but how responsive people will be to appeals to turn down their heating and how much demand there will be from Asian economies for scarce energy supplies. And the war a few hours east is a cauldron of possible unpleasant surprises that could cut energy supplies needed for electricity, heating

Ukraine alleges Russian dirty bomb deception at Europe's largest nuke plant

Ukraine's nuclear energy operator said on Tuesday that Russian forces were performing secret work at Europe's largest nuclear power plant, activity that could shed light on Russia's claims that the Ukrainian military is preparing a provocation involving a radioactive device. Russian Defense Minister Sergei Shoigu made an unsubstantiated allegation that Ukraine was preparing to launch a so-called dirty bomb. Shoigu levelled the charge over the weekend in calls to his British, French, Turkish and US counterparts. Britain, France and the United States rejected it out of hand as transparently false. Ukraine also dismissed Moscow's claim as an attempt to distract attention from the Kremlin's own alleged plans to detonate a dirty bomb, which uses explosives to scatter radioactive waste in an effort to sow terror. Energoatom, the Ukrainian state enterprise that operates the country's four nuclear power plants, said Russian forces have carried out secret construction work over the last wee

EU leaders agree on roadmap to protect consumers from rising energy prices

Leaders of the European Union (EU) member states have agreed on a 'roadmap' of measures to protect European consumers from soaring energy prices

Eurasian Economic Union members gather to promote economic integration

The five member states of the Eurasian Economic Union (EEU) have vowed to enhance cooperation in various fields during a meeting in Armenia's capital Yerevan

Guangdong: The Chinese province with more EV chargers than all of the US

The coastal region, which borders Hong Kong, has built hundreds of thousands of public charging points - the EV equivalent of gas pumps - over the past few years

Russia's war in Ukraine revives old nuclear fears in central Europe

Two stories beneath a modern steel production plant on Warsaw's northern edge lies an untouched Cold War relic: a shelter containing gas masks, stretchers, first aid kits and other items meant to help civil defense leaders survive and guide rescue operations in case of nuclear attack or other disasters. A map of Europe on a wall still shows the Soviet Union and no independent Ukraine. Old boots and jackets give off a musty odour. A military field switchboard warns: Attention, your enemy is listening. Until now, nobody had seriously considered that the rooms built in the 1950s and now maintained as a historical curiosity by the ArcelorMittal Warszawa plant, according to spokeswoman Ewa Karpinska might one day be used as a shelter again. But as Russia pounds Ukraine, with shelling around a nuclear power plant and repeated Russian threats to use a nuclear weapon, the Polish government ordered an inventory this month of the 62,000 air raid shelters in the country. The war has trigge

EU leaders weigh support for Ukraine as new refugee exodus beckons

European Union leaders are gathering on Friday to take stock of their support for Ukraine after President Volodymyr Zelenskyy warned that Russia is trying to spark a refugee exodus by destroying his war-ravaged country's energy infrastructure. Nearly eight months into the war, Russia is increasingly targeting Ukraine's power stations, waterworks and other key infrastructure with missile and drone strikes. Meanwhile, the EU is struggling with the fallout of having to urgently wean itself off Russian gas and oil as the war fuels price hikes and market nervousness. In a speech via video link to European leaders in Brussels on Thursday, Zelenskyy said that attacks by Russian cruise missiles and Iranian combat drones have destroyed more than a third of our energy infrastructure. Because of this, unfortunately we are no longer able to export electricity to help you maintain stability. Russia also provokes a new wave of migration of Ukrainians to EU countries, by attacking electricity and

Recession could last until 2024, says Musk after remark on China, Europe

Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars

Europe Is Buying Up Cheaper Brazilian Ethanol Amid Energy Crisis

Prices for natural gas and power are so high in Europe that some ethanol makers have considered shutting down plants

EU leaders united against Russia, divided over today's energy summit

The European Union has shown rock-solid unity in confronting Russia over its war in Ukraine, but EU leaders lack that common purpose heading into Thursday's summit to seek joint measures to contain an energy crisis that has already dented their economy and threatens to spread hardship among the bloc's 450 million people this winter. Natural gas prices spiraled out of control over the summer as EU nations sought to outbid one another to fill up their reserves for winter. Now EU leaders will seek to increasingly pool their purchases of gas and set a temporary price cap to make sure an overheated energy market does not return to haunt them again. The 27-nation bloc hit Russia with a series of economic sanctions since the Feb. 24 invasion of Ukraine. Russian President Vladimir Putin has responded by choking off pipelines that used to send plentiful oil and gas to stoke the wheels of industry across much of the EU. Russia has systemically tried to blackmail us through energy, said EU ...