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Tag Archives: Europe

Europe could risk gas shortage in 2023: IEA

Paris, France | Xinhua | Europe could face a shortage of as much as 30 billion cubic meters (bcm) of natural gas during the key summer period for refilling its gas storage sites in 2023, the International Energy Agency (IEA) warned on Thursday. “Europe needs to take immediate action to avoid …

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Europe facing worst drought in 500 years: EU agency

Rivers drying up and farmlands parched. Water scarcity in Europe is affecting lives and businesses across the continent Brussels, Belgium | Xinhua | Europe is experiencing its worst drought in at least 500 years, with almost two-thirds of the continent in a state of alert or warning, a European Union (EU) …

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Monkeypox hits Europe, Americas hardest: WHO

Geneva, Switzerland | Xinhua | Europe and the Americas have been affected the most by the monkeypox outbreak, Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus told journalists on Wednesday. These two regions have reported 95 percent of the diagnosed cases, he said, warning against stigma and discrimination …

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Russia continues to slash gas supply to Europe

Moscow, Russia | Xinhua | Russian gas giant Gazprom announced on Wednesday that it will shut down another turbine engine on the Nord Stream 1 natural gas pipeline, thus significantly reducing the amount of gas delivery to Europe. As Germany’s Siemens, the manufacturer of the gas turbine engines, failed to provide …

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Euro nearing five-year low stoking recession fears

The euro is within reach of five-year lows and seems increasingly will approach dollar-euro parity Rome, Italy | Xinhua | The euro has continued to weaken against the U.S. dollar, approaching its lowest level in five years, due mainly to the crisis in Ukraine and the sluggish economic growth in Europe. …

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Macron’s re-election gives EU dose of consistency in turbulent times

Paris, France | Xinhua | Emmanuel Macron’s election Sunday to a second five-year term as French president gives Europe a dose of consistency during its most tumultuous period in decades, analysts have said. With European countries facing the widespread repercussions of the conflict between Russia and Ukraine, and battling to recover …

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What has Europe lost from the Ukraine crisis?

Beijing, China | Xinhua | The Ukraine crisis has entered its second month. In terms of security, economy, refugees, etc., Europe will pay a heavy price in the crisis. Since the end of the Cold War, the North Atlantic Treaty Organization (NATO) has pushed for five rounds of eastward expansion up …

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