German business climate index has fallen to its lowest level since the early stages of the Covid-19 pandemic in May 2020.
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.
European gas prices have rocketed this year as Russia reduced fuel exports to retaliate for Western sanctions over its offensive against Ukraine.
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.
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.
The last two months have seen a surge in ‘prosumers’ in Romania as the energy crunch sways the government into financing solar panel use.
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.
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.
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.
The war in Ukraine, global energy markets and the food crisis will be high on the agenda on June 26 and 27.
Despite US sanctions, Russia’s oil revenues have increased 50 percent per month since the beginning of 2022, according to the International Energy Agency.
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.
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