The energy crisis creates a new European order: strong Italy and ailing Germany

MILAN/FRANKFURT (Reuters) – In the weeks following Russia’s invasion of Ukraine on February 24, Claudio Descalzi, CEO of major Italian energy company Eni. (ENI.MI)I embarked on a whirlwind of trips to Africa’s gas suppliers. The visits included meetings with officials in Algeria in February as well as talks in Angola, Egypt and the Republic of … Read more

Exclusive: Europe braces for mobile network outage

PARIS / STOCKHOLM / MILAN (Reuters) – Cell phones would be unimaginable in Europe this winter if blackouts or power rationing disrupted parts of mobile phone networks across the region. Russia’s decision to halt gas supplies through Europe’s main supply route in the wake of the conflict in Ukraine has increased the chances of an … Read more

Low markets are getting a big dose of cold from the Bank of England

This story is part of CNN Business’s Nightcap newsletter. To get it in your inbox, sign up for free, over here. New York CNN Business – All the drama out of the UK government keeps me from catching up with the only UK drama I really want to take on, Love Island Season 8, which … Read more

Exclusive Twitter brands post ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaign or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s Hospital … Read more

Russia issues new nuclear warning as disputed Ukraine referendum ends

Putin ally issues stark new nuclear warning NATO says it won’t go to war after a nuclear strike Voting ends on Ukraine’s annexation Russian undersea gas pipelines mysteriously damaged LONDON/ZAPORECHA, Ukraine (Reuters) – An ally of President Vladimir Putin issued a stark new nuclear warning to Ukraine and the West on Tuesday, as Russia began … Read more

Gas crisis plunges LNG shipping market into the hands of energy giants

LONDON/SINGAPORE (Reuters) – The skyrocketing price of liquefied natural gas (LNG) shipping has alienated dozens of small traders, concentrating business in the hands of a handful of major global energy companies and major global trading houses. This grip is not expected to ease until 2026 when more LNG begins to emerge and lower prices, raising … Read more

Federal Reserve officials stare at the markets, say inflation is the focus

Register now to get free unlimited access to Reuters.com Register WASHINGTON (Reuters) – Federal Reserve officials on Monday shrugged off heightened volatility in global markets from falling U.S. stocks to currency turmoil abroad and said their priority remained controlling domestic inflation. “There are interactions out there,” said Loretta Meester, president of the Federal Reserve Bank … Read more

Italy’s election winners target an era of political stability

Register now to get free unlimited access to Reuters.com Register The right-wing bloc will have a clear majority in both houses Meloni will be the country’s first female prime minister The leader of the association says the government will be stable The government is not expected to be sworn in for a few weeks Record … Read more

Victorious Week in Saudi Arabia Reclaims the Embrace of the West

New York (AFP) – It seems that Saudi Arabia is leaving behind a torrent of negative coverage about the killing of Jamal Khashoggi. It has been snatched since 2018. The kingdom is once again enthusiastically welcomed back into the polite and powerful community, and the pursuit of Saudi investments is no longer frowned upon. or … Read more

NASA astronaut, Russian cosmonauts blast off into space

New York CNN Business – A Russian capsule has carried an American cosmonaut into space today, marking a remarkable continuation of the Russian-American partnership in space in an era of great geopolitical tension. The spacecraft took off from the famous Baikonur cosmodrome in Kazakhstan, on board were NASA astronauts Frank Rubio and Russian cosmonauts – … Read more