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Eutelsat shares fall for second day on ‘game-changing’ deal with OneWeb
Factbox-Europe ramps up coal imports as energy supply fears grow
Date: July 26, 2022
By Jonathan Saul LONDON (Reuters) – European buyers have had to temporarily set aside green aspirations in a rush for coal as the region’s energy crisis deepens, ramping up shipments from Australia, South America, Colombia and South Africa while tightening the global market. Russia has resumed pumping gas via its biggest pipeline to Germany after...
Europe’s long and chequered history of rationing
Date: July 26, 2022
(Reuters) – A pact clinched by European Union countries on Tuesday to voluntarily curb demand for gas as they brace for further cuts in Russian supplies has once again raised the prospect of outright rationing across the continent. Through war, siege and social strife, Europe has a long and often painful history of rationing everything...
IMF cuts global growth outlook, warns high inflation threatens recession
Date: July 26, 2022
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked. Global real GDP growth will slow to 3.2% in 2022 from a...
Factbox-Europe’s summer travel chaos
Date: July 26, 2022
(Reuters) – Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes for a sizzling first summer following widespread COVID-linked lockdowns. Here is a summary of some of the key developments: LABOUR UNREST After sweeping job cuts and pay cuts when COVID-19 brought travel...
Kremlin: Nord Stream 1 turbine not arrived yet, a second has defects
Date: July 26, 2022
MOSCOW (Reuters) -The Kremlin said on Tuesday that a gas turbine for Nord Stream 1, Russia’s biggest gas pipeline to Europe, had not yet arrived after maintenance in Canada and that a second turbine was showing defects. The European Union has repeatedly accused Russia of resorting to energy blackmail but the Kremlin says shortfalls in...
Russia raps Israel on Ukraine but plays down Jewish Agency court case
Date: July 26, 2022
By Dan Williams JERUSALEM (Reuters) -Russia criticised Israel’s stance on the war in Ukraine but said on Tuesday that a dispute over a Jewish emigration agency was a legal matter that should not spill over into bilateral ties. Russia’s justice ministry is seeking the liquidation of the Russian branch of the non-profit Jewish Agency, which...