Page 9 - Europe

What is Nord Stream 1 pipeline, and why is it critical for Europe?

Nord Stream 1 is the biggest pipeline transporting cheap natural gas between Russia and Europe via Germany

Russia temporarily stops gas flow to Europe through Nord Stream 1

Russia's Gazprom stopped the flow of natural gas through a major pipeline from Russia to Europe early Wednesday, a temporary move to it announced in advance. The Russian state-controlled energy giant said earlier this month that it would the cut the flow of gas through the Nord Stream 1 pipeline until Saturday for what it says is a three-day pause for routine maintenance at a compressor station. According to Gazprom, the only remaining turbine, which is located at the Portovaya compressor station, needs maintenance. The head of Germany's Federal Network Agency, Klaus Mueller, has said that the maintenance work is technically incomprehensible and he considers it a way of punishing Germany for siding with Ukraine since the Russian invasion. Gazprom has repeatedly reduced the flow of gas through Nord Stream 1 claiming technical issues such as equipment repairs. Germany calls these cuts a political move to sow uncertainty and push up prices amid the war in Ukraine. Russia has also redu

France plans pipeline from Spain to central Europe for new energy sources

France is looking into building a pipeline from the Iberian peninsula to the south of the country in a bid to open up new energy sources in the absence of natural gas from Russia

Monkeypox can be eliminated in Europe, says WHO as case count slows

There are encouraging signs of a sustained week-on-week decline in the onset of cases in many European countries, including France, Germany, and Britain, as well as a slowdown in some parts of the US

Microsoft outlines changes in European cloud-licence terms after complaints

The changes will make it simpler for customers of rival cloud-service companies in Europe to move their existing software to these other networks, Microsoft said

Higher gas prices deepen Europe's fertiliser crunch, threaten food crisis

Russia's squeeze on gas shipments in the wake of Moscow's invasion of Ukraine is hurting industries across Europe

No hot showers, street lights; here's how Europe is slashing energy use

As the Kremlin slashes gas deliveries and power-plant outages intensify a supply squeeze, Europe has little alternative but to curtail demand

How China plans to spend $1 trn on infrastructure to boost economy

To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels

OPPO 'committed' to Europe after stopping smartphone sales in Germany

OPPO said it is keep on serving its existing customers in Germany

Gulf won't significantly cut down oil exports to India to satisfy Europe

Gulf oil exporters will most likely not cut crude supplies to India significantly next year in a bid to satisfy growing demand from Europe

Six months of Putin's war in Ukraine unravels Russia's superpower image

Six months into President Vladimir Putin's invasion of Ukraine, the war has upended fundamental assumptions about Russia's military and economy

Russia may step up exports of fuels to Asia as EU sanctions tighten

Moscow's invasion of Ukraine has caused turmoil across energy markets this year, and that disruption is set to extend into 2023

Almost half of Europe facing its worst drought for 500 years: Study

Much of Europe has faced weeks of baking temperatures this summer, which worsened the drought, caused wildfires, set off health warnings, and prompted calls for more action to tackle climate change

British Airways trims more than 10,000 Heathrow flights; Gatwick ends cap

Mixed signals are emerging about travel in Europe heading into the winter season. British Airways is cutting more than 10,000 short-haul flights in and out of London's Heathrow Airport through March, while nearby Gatwick Airport is ending its limits on the number of daily flights. Major European airports have been chaotic this summer as people eager to travel after two years of COVID-19 restrictions ran up against staffing shortages, leading to long lines, baggage delays and flight cancellations. Airports like Heathrow, Amsterdam's Schiphol and Gatwick capped how many passengers could fly each day or the number of flights to ease the travel mayhem over the past few months. Gatwick said Monday that it wasn't renewing its daily flight limits, while Heathrow, Britain's largest airport, decided last week to extend its daily cap of 100,000 passengers through the end of October. Heathrow's extension led British Airways to cancel 629 round-trip short-haul flights over the next two ...

Euro slumps to two-decade lows against dollar as energy crisis bites

China's yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020.

Energy crisis deepens in Europe as high temp, drought hits power supply

From January to May, hydroelectricity production fell by nearly 40 per cent compared to the same period last year, according to Utilitalia, Italy's federation of water companies

Russian missiles rain on Ukrainian towns as war nears half-year mark

Ukraine and Russia have traded blame for the repeated shelling

Euro again below parity versus dollar; gas supply crisis weighs

China's yuan dropped to its lowest in nearly two years after the central bank cut key lending rates.

Europe gas prices jump as latest Russian cut plan stokes supply fears

European gas prices surged after Moscow's move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on

Germany leads as Europe slides towards recession amid supply shortages

Purchasing managers' indexes due Tuesday will likely show private-sector output shrinking for a second month, adding to signs that a recession in the 19-nation euro zone is now more likely than not