By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic. European Union governments are pushing through multi-billion euro packages to…
MOSCOW (Reuters) – Russian gas giant Gazprom said on Monday it had received a formal warning from Russian regulators that the idled Portovaya compressor station, which is supposed to push gas towards Germany through the Nord Steam 1 pipeline, no longer complied with safety requirements. Gazprom had said on Friday that it had detected a…
MOSCOW (AP) — A former journalist was convicted of treason and handed a 22-year prison sentence on Monday after a trial that has been widely seen as politically motivated and marked a new step in a sweeping crackdown on the media and Kremlin critics. The sentence handed to Ivan Safronov, who worked as a military…
PARIS (AP) — French President Emmanuel Macron is calling for a sharp 10% reduction in the country’s energy use in coming weeks and months to avoid the risk of rationing and cuts this winter, amid tensions with supplier Russia over the war in Ukraine. Macron warned Monday that forced energy savings might have to be…
LONDON (AP) — Irish regulators are slapping Instagram with a big fine after an investigation found the social media platform mishandled teenagers’ personal information in violation of strict European Union data privacy rules. Ireland’s Data Protection Commission said by email Monday that it made a final decision last week to fine the company 405 million…
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -Gas prices surged, shares slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through European economies still struggling to recover from the pandemic. European Union governments are pushing through multi-billion euro packages to prevent utilities being…
BRUSSELS (AP) — Ukraine’s prime minister on Monday urged the European Union to stand firm against Russian energy “blackmail” and appealed for more weapons, including aircraft, for the war-ravaged country even as EU armament stocks run low. “Russia wages a hybrid war in the European continent against the European Union. The gas blackmail, the oil…
DUBLIN (Reuters) – Ireland’s data privacy regulator has agreed to levy a record fine of 405 million euros ($402 million) against social network Instagram following an investigation into its handling of children’s data, a spokesman said. “We adopted our final decision last Friday and it does contain a fine of 405 million euro,” said the…
By Anna Ringstrom STOCKHOLM (Reuters) -Liquidity guarantees promised by Sweden and Finland to shore up the Nordic power derivatives market will support orderly trading at a time of extreme uncertainty, Nasdaq Nordic said on Monday. The two countries announced on Sunday plans to offer up to $33 billion in guarantees to power companies and traders…
LONDON (AP) — Liz Truss has been elected as the Conservative Party’s new leader, the party announced Monday, and she will take office Tuesday as Britain’s new prime minister to steer the country through an acute cost-of-living crisis. The 47-year-old Truss, who is currently foreign secretary, beat former Treasury chief Rishi Sunak after a leadership…
