Author: Euronews

Moscow puts subsidiaries of German and Italian firms under the control of a Gazprom division, sparking annoyance from Italy and the EU. ADVERTISEMENTIn a move that is likely to increase tension between Russia and Western Europe, the Kremlin has unexpectedly announced the “temporary external management” of Russian subsidiaries of Italian water heating company Ariston and German appliance maker BSH Hausgeraete.The subsidiaries, Ariston Thermo Rus, and BSH Household Appliances, now come under the management of Gazprom’s Household Systems and are now completely under Russia’s control.The Executive Order, signed by President Putin, which was revealed on Friday and backdated to Tuesday, states…

Both countries complain that they are effectively being asked to solve each other’s immigration problems. Source link

More than one third of Europeans are still not saving enough for retirement, with about 40% saying that the current economic climate had eroded their pension contributions. Source link

The lead candidates in the European elections faced off against each other in the first debate of the race, haggling over the Green Deal, the Israel-Hamas war, irregular migration, artificial intelligence and TikTok, among others. Source link

As Turkey’s relations with the US become easier, Ankara is looking at a change of direction from Moscow for its gas supplies. ADVERTISEMENTTurkey is in discussions with US energy giant ExxonMobil regarding a multibillion-dollar deal to buy liquefied natural gas.In an interview with the Financial Times, Turkish energy minister Alparslan Bayraktar said that his country was hoping to diversify its energy providers, therefore bolstering national security.As part of the proposed deal, Turkey would secure up to 2.5 million tonnes of LNG a year from Exxon, at a cost of around $1.1 billion.The agreement could last a decade, although the exact…

Marie-Agnes Strack-Zimmermann, one of the lead candidates in the European elections, has issued a blistering verdict of Ursula von der Leyen’s first term in office. Source link

German inflation, on the other hand, remained at almost three-year lows, as services inflation slowed further. ADVERTISEMENTThe Spanish year-on-year inflation report for April 2024 released early on Monday showed a rise of 3.3%,  according to the National Statistics Institute (INE). This was a slight raise from March’s 3.2%, as well as being the highest figure in three months. However, it was still below analyst estimates of 3.4%.The spike in inflation was primarily because of increases in food and gas costs, although falling electricity prices did go some way towards offsetting the effect of rising prices.Year-on-year core inflation, which does not…

The European Union must get bigger or risk facing a “new Iron Curtain” along its eastern flank, European Council President Charles Michel said Monday as the bloc marks 20 years since its largest ever enlargement. Source link

Europe faces challenges in the adoption of artificial intelligence, including regulatory barriers and a shortage of skilled professionals. The Next Generation EU has committed €4.4 billion to AI initiatives, with two Southern European countries leading the way. ADVERTISEMENTArtificial Intelligence (AI) is reshaping the global economic landscape, emerging as a pivotal force in the digital domain and driving innovation across various sectors.By 2030, AI is expected to have injected more than €11 trillion into the global economy, according to industry forecasts. It’s anticipated that AI and robotics will jointly spark the creation of around 60 million new jobs globally by 2025,…

This week’s key events presented by senior energy and environment reporter Robert Hodgson Source link