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Search resuls for: "— Europe"


5 mentions found


☆ EU approves measure to limit natural gas prices in effort to combat energy crisis
  + stars: | 2022-12-19 | by ( Silvia Amaro Jenni Reid | Silvia Amaro | Jenni Reid | ) www.cnbc.com   time to read: +2 min
European Union energy ministers agreed to a "dynamic" cap on natural gas prices Monday after two months of intense negotiations. Introducing a limit on gas prices has proved controversial for European officials. When applied, it will set a "dynamic bidding limit" on natural gas futures transactions for 20 working days. The Dutch TTF traded around 109 euros per megawatt hour on Monday. Kremlin spokesman Dmitry Peskov said the measure was an attack on market pricing and "unacceptable," Reuters reported, citing Russia's Interfax news agency.
☆ 'Heated' and 'really ugly': Europe fails to thrash out details on gas price cap as talks turn sour
  + stars: | 2022-11-25 | by ( Silvia Amaro | ) www.cnbc.com   time to read: +1 min
EU energy ministers fail to agree on a cap for natural gas prices. BRUSSELS — European energy ministers failed to reach a compromise over a cap on natural gas prices after "heated," "ugly" and "tough" discussions. However, the divergences are so acute in Brussels that energy ministers have not managed to find a compromise and instead have convened a new emergency meeting for mid-December. The same official said the conversations were "very tough" because of a "fake price cap." The cap would also only kick in when prices are 58 euros ($60.46) higher than a global LNG (liquefied natural gas) reference price for 10 consecutive trading days within a two-week period.
☆ So much cocaine is being seized by customs in Belgium that the country's incinerators are no longer able to keep up
  + stars: | 2022-11-22 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +2 min
Belgium has seized so much cocaine at its ports that it can't incinerate it fast enough, a minister said. Antwerp's port is expected to have seized 110 tons of cocaine by the end of the year. The port of Antwerp is on track to seize 110 tons of the drug this year, Flemish broadcaster VRT reported. "We have already found some new capacity where several tonnes of cocaine have already been destroyed," Van Quickenborne said, per VRT. The port of Antwerp — Europe's second-biggest port — in recent years has became the continent's largest entry point for cocaine, Reuters reported back in 2018.
☆ Former German Chancellor Merkel defends her government's move to buy massive amounts of Russian gas, saying she has no regrets as it was right for the time
  + stars: | 2022-10-14 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
The former German Chancellor said she had no regrets about her government's energy policy, per Reuters. "You always act in the time in which you find yourself," Merkel told reporters in Lisbon, according to Reuters. Merkel was referring to liquefied natural gas, a supercooled version of natural gas that can be transported via ships. She recently came under heavy scrutiny and criticism from political rivals, the press, and her peers for her Russia policy amid Moscow's invasion of Ukraine. Germany's Russian gas policy spanned decades, starting during the Cold War in the 1960s with the Pipelinepolitik policy that connected both sides with a pipeline.
☆ Europe's busiest airport, London Heathrow, says the demand for air travel remains uncertain
  + stars: | 2022-10-11 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +1 min
The biggest airport in Europe by passenger numbers, London's Heathrow, is not expecting to come into profit this financial year. LONDON — Europe's busiest airport, London Heathrow, gave a downbeat assessment of the industry on Tuesday, saying the "demand outlook remains uncertain" as economic turbulence, a new wave of Covid-19 and the escalating crisis in Ukraine could cause disruption to the barely-recovered aviation sector. Heathrow said Tuesday that it would finally be lifting that daily passenger cap at the end of October. Almost 5.8 million passengers traveled through the airport in September, which is 15% below 2019 levels. Holland-Kaye said in a July press release that the aviation sector had been "deeply scarred" by Covid.
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