Europe

Greek state entities will risk losing government funding if they fail to implement a government energy-saving plan, ministers said on Wednesday, as the country, like its European peers, struggles with ...

President Vladimir Putin said on Wednesday that the West was failing because a futile and aggressive attempt to isolate Russia with sanctions was destroying the global economy just as Asia ...

The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian gas would undermine the bloc’s ...

The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the European Central Bank will do ...

Volkswagen (VOWG_p.DE) on Monday announced its intention to float sports car brand Porsche, triggering what could become one of the world’s largest listings even as record inflation ...

Hungary will create an anti-corruption authority and a working group involving non-government organisations to oversee the spending of European Union funds, the government said in a decree in its official ...

The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy ...

OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown. The oil producers ...

Ukraine’s government on Monday sought political backing in Brussels for the creation of a special tribunal to prosecute Russian military and political leaders it holds responsible for starting the ...

Russian gas giant Gazprom said on Monday it had received a formal warning from Russian regulators that the idled Portovaya compressor station, which is supposed to push gas towards Germany ...

France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday, saying this showcased European solidarity in the ...

Germany will keep two of its three remaining nuclear plants available for power production as part of a reserve scheme recommended by power transmission grid operators (TSOs) that stress-tested electricity ...

Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines, and offer support to electricity producers facing ...

German gas importer Uniper UN01.DE does not rule out Europe’s biggest economy will eventually consider gas rationing after Russia stopped flows via its main pipeline to the continent ...

The EU voiced concern on Monday over what it called “hostile remarks” after Turkish President Tayyip Erdogan accused Greece of occupying demilitarised islands in the Aegean and said Turkey was ...

Greece plans to tap higher than expected revenues from tourism this year, the country’s biggest cash-earner, to keep subsiding power bills, the government spokesman said on Monday. Government spokesman ...

Norway’s gas export system is set to deliver record volumes of energy to Europe and is committed to sending large amounts in the coming years, the head of pipeline ...

The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe’s difficulties ...

Italy’s net energy import costs are set to more than double this year to nearly 100 billion euros ($99.5 billion), the economy minister said, warning Rome could not spend indefinitely to ...

Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output steady when it meets Monday, the Wall Street Journal reported ...

Ukraine said it had dispatched its biggest convoy of grain vessels under a U.N.-brokered deal so far after 13 ships set sail from its ports on Sunday carrying 282,500 tonnes ...

Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending ...

Ukrainian President Volodymyr Zelenskiy has told Europeans to expect a difficult winter as the Russian assault on his country leads to cuts in oil and gas exports by Moscow. Zelenskiy ...

Cyprus borrowed heavily with low-cost bond issues to finance their excessive current expenditures Economic and financial crises in the euro area are fast developing. With supply-side problems most strikingly reflected ...