Energy shock tests G7 climate resolve
ELMAU CASTLE: Leaders of the Group of Seven rich nations will be under pressure to stick to climate pledges in Bavaria from Sunday, as Russia’s energy cuts trigger a dash back to planet-heating fossil fuels.
ELMAU CASTLE: Leaders of the Group of Seven rich nations will be under pressure to stick to climate pledges in Bavaria from Sunday, as Russia’s energy cuts trigger a dash back to planet-heating fossil fuels.
ROME: Air traffic is booming this summer, but after European vacations are over will passenger demand hold up? The question was the focus of the annual congress of the Airports Council International (ACI) Europe in Rome this week, held at the cusp of the approaching peak season.
BERDYANSK: Little appears to have changed for Alexei Andrusenko, the head of a foundry in Ukraine’s southern city of Berdyansk, who is happy to have kept all his staff since Moscow took control of the city.
COLOMBO: Sri Lanka accepted a rice and pharmaceuticals shipment from neighboring India as the island nation battles an unprecedented economic crisis that has left supermarket shelves and pharmacy cabinets empty.
WASHINGTON: Biden administration officials and oil industry executives huddled in Washington to discuss potential steps to address runaway gasoline prices, and while both sides called the talks constructive, no concrete plans for relief emerged.
MADRID: Strikes by staff at Ryanair and Brussels Airlines over pay and working conditions forced the cancelation of dozens of flights in Europe on Friday as the busy summer travel season gets underway.
Kuwait: The price of Kuwaiti oil plunged by USD 5.16 to USD 110.96 per barrel on Wednesday, compared with USD 116.12 pb a day earlier, said the Kuwait Petroleum Corporation (KPC) on Thursday.
Frankfurt: Germany said Thursday it would raise the alert level under its emergency gas plan to secure supply following the recent reduction of pipeline supplies from Russia.
London: Interest repayments on UK government debt have soared as the country’s inflation reaches the highest levels in decades, official data showed Thursday.
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