The member states of the European Union have reached an agreement on the emergency plan regarding the consumption of natural gas, which was drawn up with the aim of softening the impact of the potential complete interruption of the supply of 27 from Russia, the German Agency is informed. The plan envisages a voluntary 15% […]
Tag: International financial news
Is the worst over for stocks or not? Morgan Stanley and JPMorgan disagree
The deep uncertainty of the investment environment was underscored by reports from top Wall Street strategists, who were divided on their estimates of the path the stock market will take in the second half of the year, amid uncertainty over the Fed’s stance in the shadow of deterioration of economic data. In particular, while analysts […]
Fed Will ‘Crush Growth’ Before Changing Policy, BlackRock Warns
Volatility in markets will intensify as central banks believe they can tame high inflation without “crushing growth,” the world’s biggest asset manager, BlackRock, said. “We expect more volatility ahead as central banks choose sides in the difficult trade-off between growth and inflation,” strategists at BlackRock Investment Institute said in a note today. “We believe the […]
The Commission insists on energy cuts
One day before the crucial meeting of the EU’s energy ministers, Commission President Ursula von der Leyen insists on the plan for mandatory energy savings in all member states. Speaking to the German News Agency (dpa), Ursula von der Leyen warns that Europe “should be prepared for the worst possible case, i.e. the complete interruption […]
Gazprom: The documents sent by Siemens for the Nord Stream turbine are missing
LAST UPDATE 18:40 Russian energy giant Gazprom said Western sanctions continued to hamper maintenance of the Nord Stream 1 gas pipeline, in another strong signal from Moscow that supplies to Europe remain at risk. In particular, Gazprom said it had received from Siemens the documents for the maintenance of the pipeline’s turbine, which had been […]
Gazprom cuts Nord Stream 1 gas flow to 20%
LAST UPDATE 18:40 Russian energy giant Gazprom announced on Monday that it is shutting down another turbine on the Nord Stream 1 gas pipeline for maintenance, which will lead to further reductions in gas flows. In particular, Gazprom said that due to the turbine shutdown, daily production capacity at Russia’s Portovaya compressor station will be […]
Fines for shops & restaurants that waste energy
It is certainly the most successful ad to avoid energy waste, with a slogan that says a lot about the French. A man runs madly through an illuminated house turning off the lights, from room to room and shouting “we’re not Versailles here”. The video that has a great impact is of Total Energies, a […]
Turkish Lira ‘Slumps’ Slowly and Steadily – Foreign Exchange Reserves Running Out
The Turkish lira fell again on Monday, maintaining a slow slide towards 18 against the dollar, as concerns over the government’s exchange rate policy intensified in the face of rising inflation and fears of a global recession. The slow devaluation could continue unless Turkish authorities and more specifically Turkish President Recep Tayyip Erdogan and Turkish […]
Ukraine: Prepares to resume grain exports by sea from this week
Ukraine expects to resume its first grain exports since the start of the Russian invasion “as early as this week”, following the signing of the Istanbul accord by Kyiv and Moscow and despite Saturday’s shelling of the port of Odesa by the Russian military. “We expect that the agreement will start to be implemented in […]
EU: Energy independence from Russia by switching to Cypriot natural gas
The European Union’s effort to become further independent of Russian natural gas reinforces the strategic importance of prospecting for fields in Cyprus, the country’s energy minister said. “Europe is a good potential customer for Cypriot natural gas, as the EU has assured that natural gas will be a bridge fuel until 2049 as part of […]