Energy Crisis

German business morale down sharply on fears of looming recession

German business climate index has fallen to its lowest level since the early stages of the Covid-19 pandemic in May 2020.

Energy crisis leaves Italians torn between far-right surge and indecision

A solution to the ongoing gas crisis is the top concern for Italians heading to the polls on September 25 – but disenchantment and apathy prevail as 40 percent of voters are still undecided.

EU seeks $140B to cope with energy crisis

European gas prices have rocketed this year as Russia reduced fuel exports to retaliate for Western sanctions over its offensive against Ukraine.

Europe’s fragile unity is fast passing its tipping point

As Europe is hit by a drought, the worst in 500 years, there’s surprising wisdom coming to the dry shores, reminding Europeans that their long-held grandeur might fast evaporate into a delusion.

Record two-thirds of Germans think Chancellor Scholz is doing his job badly

Around 65 percent of Germans are unhappy with the work of Germany's three-way coalition government as a whole, compared with 43 percent in March.

Energy crisis accelerates Romania’s transition to renewables

The last two months have seen a surge in ‘prosumers’ in Romania as the energy crunch sways the government into financing solar panel use.

Gas wars: which EU countries will be most affected?

Russia has cut gas supplies to several European countries. While some countries in central and Eastern Europe face shortages, the poorest struggle with spiralling energy prices.

UN chief blasts oil firms profiting from energy crisis

It was "immoral" that largest energy companies in first quarter of 2022 made combined profits of close to $100 billion, says Antonio Guterres, urging governments to tax excessive profits.

Could Europe’s energy crisis lead to a winter of unrest?

The rising cost of living has triggered protests across the continent. Coupled with the prospect of energy rationing, it could pave the way for more discontent.

What’s expected from the upcoming G7 summit?

The war in Ukraine, global energy markets and the food crisis will be high on the agenda on June 26 and 27.

Russia generates more oil and gas revenues than pre-Ukraine conflict days

Despite US sanctions, Russia’s oil revenues have increased 50 percent per month since the beginning of 2022, according to the International Energy Agency.

Live blog: Ukraine advances for 'total control' of Severodonetsk

Moscow's forces continue attacks on Ukraine amid the West’s decision to send sophisticated weapons to Kiev and bring in more stringent sanctions including on Russia’s oil, as the conflict enters its 101st day.