BERLIN (AP) — Germany’s government plans to publish the results on Monday of a highly anticipated study into how the country’s energy sector will cope with possible shortages in the coming months. The outcome of the so-called stress test could determine whether Germany delays the planned shutdown of its last three nuclear power plants at…
MOSCOW (AP) — A court in Moscow on Monday upheld a motion from Russian authorities to revoke the license of a top independent newspaper that for years has been critical of the Kremlin, the latest move in a months-long crackdown on independent media, opposition activists and human rights groups. The ruling against Novaya Gazeta, Russia’s…
BERLIN (Reuters) -Porsche’s potential stock market listing is central to funding Volkswagen’s electrification plans, the carmaker’s chief financial officer said on Monday ahead of a board meeting to discuss whether the listing will go ahead. Volkswagen’s management and supervisory boards will meet later on Monday to discuss whether the long-anticipated listing of Porsche should take…
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) – European gas prices surged, share prices slid and the euro sank on Monday after Russia stopped pumping gas to Europe via a major supply route, sending a new tsunami through the European Union economy that has yet to recover from the COVID-19 pandemic. EU governments are…
FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — along with the cost of gasoline, to drivers’ delight. The decision for October rolls back a mostly symbolic increase of…
By Alex Lawler, Ahmad Ghaddar and Maha El Dahan LONDON (Reuters) -OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, six OPEC+ sources said, though some sources would not rule out a small production cut to bolster prices that have slid on fears of an economic slowdown. The…
By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to Europe would stay shut indefinitely, stoking renewed fears about shortages and gas rationing in the European Union this winter. The benchmark gas price surged as…
LONDON (Reuters) -British luxury carmaker Aston Martin confirmed on Monday a 575.8 million pound ($659.75 million) rights issue, with backing from investors including Saudi Arabia’s sovereign wealth fund. The rights issue is part of a previously announced equity raise of 653.8 million pounds, which makes Saudi Arabia’s Public Investment Fund one of the company’s largest…
BEIJING (AP) — Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies. London and Frankfurt opened lower. Tokyo, Hong Kong and South Korea fell while Shanghai gained. Oil prices rose more than $2 per barrel while the euro edged lower. Markets were roiled by Russian energy giant Gazprom’s announcement…
A look at the day ahead in European and global markets from Tom Westbrook As far as first days go, Monday is shaping as a doozy for Britain’s new Prime Minster. That’s widely expected to be Liz Truss, who’d begin as leader with gas prices poised to fly after Russia cancelled the weekend’s resumption of…
