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Economy

Energy price surge risks pushing EU economy into stagflation

Natural gas and crude oil prices have surged recently amid rising demands and the US's wider sanctions on Russia. Elevated energy prices could jeopardise the eurozone's inflation outlook and push the regional economy into stagflation.

Europe News

Slovakia ramps up anti-Zelenskyy rhetoric amid gas transit spat

Slovakia's prime minister claims Ukraine is jeopardising Europe's global competitiveness by refusing to allow Russia to export gas into the EU over its territory.

Markets

Crude oil prices hit three-week high as concerns over supply grow

Crude oil prices rose to a three-week high amid mounting concerns over supply disruptions and increasing demands. However, technical analysts caution that oil markets may be over-bought.

Markets

European gas prices soar after Russian gas flow via Ukraine stops

European natural gas futures climbed the highest since October 2023 after Russian gas flows to Europe via Ukraine stopped on New Year's Day.

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Europe News

Moldova braces for energy crisis as Russia halts gas supplies

Moldovan leaders have implemented energy-saving measures and assured residents of temporary gas reserves, but fears of a humanitarian crisis in Transnistria remain.

Economy

Central and Eastern European clean tech exports on track to triple

Poland, Bulgaria, Croatia and Romania are on track potentially to rapidly scale up their clean tech exports, which could go a long way in helping the EU meet its net zero 2050 target, as well as increase its global competitiveness.

Markets

Moldova declares an energy emergency over fears of Russian gas cut-off

Moldovan PM Dorin Recean said his country faces an “exceptional situation” in which Moscow could deliberately weaponise energy.

Ukraine

Explosions and power outages across Ukraine after missile attack

Russia launched a large-scale missile and drone attack against Ukraine on Thursday morning, targeting energy infrastructure across the country. President Zelenskyy said several regions have been attacked with cluster munitions.

Markets

Winter is coming: Volatile energy prices set to return in Europe

Rising natural gas prices and increasing uncertainty are set to dominate Europe's energy outlook for the coming winter.

Economy

UK inflation rises to 2.3% as energy bills push up consumer prices

Inflation in the UK rose sharply to a six-month high in October, above the BOE's 2% target, scaling back bets that there will be further cuts in borrowing rates this year.

Green News

Trump names fossil fuel executive Chris Wright as energy secretary

Fracking advocate Chris Wright has been one of the industry’s loudest voices against efforts to fight climate change and could give fossil fuels a boost.

USA

Trump picks climate change sceptic to be his new energy secretary

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as his new energy secretary.

Business

Cyprus in talks with Gulf energy companies over natural gas licences

Energy companies from Persian Gulf states have expressed interest in searching for natural gas off the southern coast of Cyprus, President Nikos Christodoulides said on Friday.

Business

Schneider Electric appoints new CEO to take charge of strategy

The board of one of Europe's biggest tech companies has signalled it's looking for a change of direction with the unanimous decision to appoint company veteran Olivier Blum as Chief Executive Officer.

Business

Small nuclear plants in Europe: CEZ and Rolls-Royce SMR sign a deal

CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in the first half of the 2030s.

Smart Regions

POWERTY: energising communities to combat poverty

In partnership with the European Commission

An EU-funded project is helping one of Spain's poorest neighbourhoods cope with energy costs and the endemic problems of poverty

Green News

The clocks are going back. But does it actually save energy?

Several studies in Europe and the US show Daylight Savings Times has very little effect on energy conservation.

Radio Schuman

Outsourcing migrants in Europe: Troubling choice or the new norm?

In this episode, Radio Schuman explores Italy's migration centres in Albania and the trend of externalising migration.

Economy

Eurozone inflation drops in September, falling below ECB's target

The drop below the target of 2% was mainly due to falling energy prices. However, the European economy may still not be out of the woods.

Europe News

What lobbying footprint does Big Oil have on EU climate policy?

Two new reports have claimed to show just how much influence fossil fuel company lobbying has on EU climate policymaking.

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