Germany risks recession as Russian gas crisis deepens

Germany risks recession as Russian gas crisis deepens

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS / Hannibal Hanschke / File Photo Register now for FREE unlimited access to Reuters.com Register More Europeans activate first stage of gas crisis plans Surging gas price adds to policymakers’ inflation headache Slowing flows … Read more

Biggest rail strike in 30 years brings UK to standstill

More than 40,000 rail workers set to strike Government under pressure over cost-of-living crisis Unions say strike may start ‘summer of discontent’ LONDON, June 21 (Reuters) – Britain’s biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could … Read more

France risks gridlock after Macron handed hung parliament

Macron’s camp fails to win absolute majority in parliament Will now seek alliances with other parties Risk of political paralysis if no deals PARIS, June 20 (Reuters) – President Emmanuel Macron faced calls for his prime minister to resign on Monday and doubt hung over his ability to rule decisively after his camp lost its … Read more

Europe may shift back to coal as Russia turns down gas flows

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS / Hannibal Hanschke / File Photo Register now for FREE unlimited access to Reuters.com Register Germany may take ‘painful’ move to fire up coal power Italy, Austria also looking at burning more coal Surging … Read more

Ukraine president expects Russia attacks to intensify with EU summit this week

EU to decide on Ukraine membership bid Zelenskiy says Battle for Donbas to intensify City of Sievierodonetsk focus of Russian attacks NATO’s Stoltenberg says war could last for years KYIV, June 20 (Reuters) – Ukraine’s President Volodymyr Zelenskiy predicted Russia will escalate its attacks this week as European Union leaders consider whether to back his … Read more

Exclusive: Pioneering Russian journalist sells Nobel Peace medal for Ukraine

Veteran journalist laments Russia’s loss of independent media Muratov says he wanted to give up something valuable for Ukraine Editor says public support for military campaign is dwindling But Putin “will remain for as long as he sees fit” June 17 (Reuters) – Russian journalist and Nobel Peace laureate Dmitry Muratov is auctioning off his … Read more

Ukraine gets major boost from European Union as war rages on

Ukraine EU candidacy signals major shift in European geopolitics Putin seeks to play down EU issue Battle for Sievierodonetsk grinds on Russian media say two Americans caught fighting for Ukraine BRUSSELS / KYIV, June 18 (Reuters) – As war rages in Ukraine’s east, Kyiv received a major boost on Friday when the European Union recommended … Read more

Russian gas to Europe falls short as heatwave drives demand

FILE PHOTO – Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS / Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register Italy receives 50% less gas than requested on Friday Germany’s Uniper receives 60% less gas Russia says must wait … Read more

Europe steps up support for Ukraine as Russia presses offensive

Zelenskiy thanks EU leaders for solidarity visit Leaders tour ruined town of Irpin Fighting rages in Sievierodonetsk and southern Ukraine KYIV / IRPIN, Ukraine, June 17 (Reuters) – Britain will host talks on rebuilding key infrastructure in Kyiv on Friday, a day after the leaders of Germany, France and Italy visited Ukraine and offered it … Read more

BoE nudges rates up again but says it’s ready to act forcefully

BoE raises rates by another 25 basis points to 1.25% Increase is BoE’s fifth since December Hike is smaller than recent moves by other central banks BoE torn between surge in inflation and slowing growth Sterling falls after announcement LONDON, June 16 (Reuters) – The Bank of England stuck to its gradual increases in interest … Read more