G7 summit kicks off under shadow of Ukraine war, stagflation risk

G7 summit kicks off under shadow of Ukraine war, stagflation risk

SCHLOSS ELMAU, Germany, June 26 (Reuters) – German Chancellor Olaf Scholz welcomes leaders of the Group of Seven rich democracies on Sunday to a three-day summit in the Bavarian Alps overshadowed by the war in Ukraine and its far-reaching consequences, from energy shortages to a food crisis. The summit takes place against a darker backdrop … Read more

EU plans for life without Russian gas amid inflation spike

EU plans for life without Russian gas amid inflation spike

‘The notion of cheap energy is gone,’ Latvian PM says Inflation in euro zone has shot to all-time highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders on Friday warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, … Read more

EU signals shift to coal, accuses Russia of ‘rogue moves’ on gas

EU signals shift to coal, accuses Russia of 'rogue moves' on gas

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register BRUSSELS/OSLO June 22 (Reuters) – The European Union will temporarily shift back to coal to cope with dwindling Russian gas flows without derailing longer … Read more

Europe may shift back to coal as Russia turns down gas flows

Europe may shift back to coal as Russia turns down gas flows

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register Germany may take ‘painful’ move to fire up coal power Italy, Austria also looking at burning more coal Surging gas prices add to … Read more

Western Europeans wilt in early summer heatwave, compounding climate change fears

Western Europeans wilt in early summer heatwave, compounding climate change fears

Spaniards swelter as temperatures head for above 40 Celsius Outdoor events stopped in part of France, drought hits Italy Even hats off allowed at upmarket British horse-racing event MADRID/PARIS, June 17 (Reuters) – Spain headed for its hottest early summer temperatures in four decades on Friday, one area of France banned outdoor events, and drought … Read more

Europe steps up support for Ukraine as Russia presses offensive

Europe steps up support for Ukraine as Russia presses offensive

Zelenskiy thanks EU leaders for solidarity visit Leaders tour ruined town of Irpin Fighting rages in Sievierodonetsk and southern Ukraine KYIV/IRPIN, Ukraine, June 17 (Reuters) – Britain will host talks on rebuilding key infrastructure in Kyiv on Friday, a day after the leaders of Germany, France and Italy visited Ukraine and offered it the hope … Read more

Russian gas flows to Europe fall, hindering bid to refill stores

Russian gas flows to Europe fall, hindering bid to refill stores

Nord Stream 1 pipeline capacity down to 40% Europe’s gas price jumps up to 30% after disruption news Gazprom blames cuts on equipment delays from Canada Freeport LNG terminal in U.S. offline until September LONDON, June 16 (Reuters) – Russian gas supply to Europe via the Nord Stream 1 pipeline fell further on Thursday and … Read more

EU leaders criticised for tepid support bring ‘message of unity’ to Ukraine

EU leaders criticised for tepid support bring 'message of unity' to Ukraine

Arms needed to fend off Russian advances in south and east Ukrainian troops, civilians holed up in Sievierodonetsk plant KYIV, June 16 (Reuters) – The leaders of Germany, France and Italy – all criticised in the past by Kyiv for support viewed as too cautious – made a joint visit to Ukraine on Thursday, touring … Read more

German, French, Italian leaders arrive in Kyiv to show solidarity

German, French, Italian leaders arrive in Kyiv to show solidarity

KYIV, June 16 (Reuters) – French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi arrived in Kyiv on Thursday on a joint trip to show their backing for Ukraine as it struggles to withstand a Russian assault. The three travelled together overnight in a train used to transport high-profile visitors … Read more

Ukraine needs strong signal from EU, Macron says ahead of possible visit

Ukraine needs strong signal from EU, Macron says ahead of possible visit

French leader criticised for perceived soft line Macron insists Paris will do everything to stop Russia Macron sees NATO troops in Romania, supports Moldova Scholz, Draghi, Iohannis may join Macron in Kyiv visit CONSTANTA, Romania, June 15 (Reuters) – President Emmanuel Macron voiced a tougher line on Russia on Wednesday and said Europe needed to … Read more