World / Europe

Finland raises public spending to help people pay energy bills 01 Sep 2022 - 02:11 pm

HELSINKI: The Finnish government on Thursday raised its 2023 fiscal spending forecast compared to one month ago to help Finns deal with financial...

Kremlin: Europe puts up barriers for Gazprom's operations 01 Sep 2022 - 01:56 pm

MOSCOW: The Kremlin accused the European Union on Thursday of putting up barriers to the Russian energy firm Gazprom's operations, as Russia's gas...

EU mulling energy price caps, measures to cut power demand 01 Sep 2022 - 01:00 pm

Brussels: The European Commission is looking into options to cap energy prices and cut electricity demand as part of its upcoming proposals to...

Prices down on storage levels, EU price cap concerns 01 Sep 2022 - 11:54 am

LONDON: Dutch and British wholesale gas prices were mostly down on Thursday morning due to comfortable storage levels, price cap concerns and continued...

UK's Liz Truss vows immediate energy bill support for households 01 Sep 2022 - 09:49 am

LONDON: Liz Truss, the frontrunner to replace Boris Johnson as Britain's prime minister, said she would deliver "immediate support" to ensure people are...

UN team to visit Ukrainian nuclear plant as shells land nearby 01 Sep 2022 - 09:45 am

Zaporizhzhia: UNnuclear experts set out from the city of Zaporizhzhia on Thursday to visit a Russian-occupied nuclear power plant inUkraine's south to assess...

UK markets see worst August in years, rout may continue 31 Aug 2022 - 10:03 pm

London: It’s been a brutal summer for UK investors as August saw the biggest sell-off in years for the pound, gilts and corporate...

Britain's Queen Elizabeth will appoint new prime minister at Balmoral 31 Aug 2022 - 07:13 pm

LONDON: Queen Elizabeth will break with tradition and appoint Britain's new prime minister at her Balmoral Castle residence in Scotland, rather than at...

Gazprom prepares to cut off supplies to Engie as payment row escalates 31 Aug 2022 - 06:37 pm

PARIS: A dispute over gas supplies between Engie and Gazprom escalated on Wednesday as the Russian company prepared to halt all deliveries to...

Spain's giant Tomatina tomato fight returns 31 Aug 2022 - 04:13 pm

BUNOL, Spain: Thousands of revellers hurled some 130 tonnes of over-ripe tomatoes at each other on Wednesday in the eastern Spanish town of...

EU will suspend agreement with Russia that eases visa issuance 31 Aug 2022 - 03:37 pm

BUDAPEST: The European Union will suspend an agreement with Russia that eases visa issuance but there will not be a blanket visa ban...

Cyprus ends mandatory mask wearing as COVID-19 measures eased 31 Aug 2022 - 03:12 pm

NICOSIA: Cyprus on Wednesday said it would end all restrictions on gatherings and the mandatory use of face masks in most areas after...

Investors flee UK bonds, pushing gilts to huge monthly loss 31 Aug 2022 - 02:48 pm

LONDON: Investors alarmed at Britain's bleak economic outlook and political uncertainty dumped government bonds on Wednesday, extending a recent selloff and putting some...

EU to restrict travel rules for Russians, split on how far to go 31 Aug 2022 - 12:57 pm

PRAGUE: The EU's foreign policy chief on Wednesday urged bickering nations to settle their differences on restricting travel for Russian citizens, saying Europe...

UK energy bill help won't lower inflation, statisticians rule 31 Aug 2022 - 12:27 pm

London: British government energy bill rebates for households cannot be viewed as lowering inflation, official statisticians said on Wednesday, ruling out the possibility...

Baby killed by hailstone in storm in northeast Spain 31 Aug 2022 - 12:20 pm

Madrid: A 20-month old baby girl died after being hit by a massive hailstone during a fierce storm in the northeastern Spanish town...

Australia emissions rose in year to March as lockdowns ended 31 Aug 2022 - 09:32 am

Australia’s carbon-dioxide emissions climbed in the year through March due to increased economic activity in the wake of Covid-19 pandemic restrictions. Emissions rose...

Austria is probing trades that prompted wien energie margin call 31 Aug 2022 - 08:35 am

Austrian authorities are probing the trades that forced Vienna’s municipal power utility to seek federal guarantees for its exposure to energy markets. Wien...