Europe Archives - Page 5 of 6

ECB Raises Interest Rates Further as Inflation Soars in Eurozone

The European Central Bank (ECB) has hiked interest rates again on Thursday by the largest increment since the bank’s founding. The move comes as policymakers in the Eurozone scramble to stem the tide of rising inflation throughout the region. Initially, ECB policymakers were divided between a 50 and a 75…

France Residents Told to Cut Energy Use, Warned Power Rationing Is on the Table

The people of France have been told to cut their energy use and warned that power rationing is on the table for the country's residents. French President Emmanuel Macron is calling for a 10% reduction in the nation’s energy usage. As the energy crisis in Europe deepens, Macron warned French…

CERN May Be Forced to Shut Down Large Hadron Collider Due to European Energy Crisis

The European Organization for Nuclear Research (CERN) maybe be forced to shut down its famous Large Hadron Collider (LHC) in Switzerland due to the growing energy crisis in Europe. CERN is already planning to shut down some of its particle accelerators amid the energy crisis in France. CERN, located near…

Tens of Thousands Flood Streets of Prague to Protest Energy Crisis: ‘Europe on the Brink’

Tens of thousands of people flooded the streets of Prague over the weekend to protest against the Czech government's handling of the energy crisis. Over 70,000 protesters marched in the capital, demanding that the ruling coalition takes a neutral stance on the Ukraine war to ensure energy supplies from Russia…

Europeans Warned to Prepare for Cold, Dark Winter Due to ‘Unprecedented’ Energy Shortages

European families are being told to prepare for a looming cold and dark winter amid warnings of "unprecedented" energy shortages and power failures. Energy industry experts say the global energy crisis brings a foreseeable future that will be colder and darker. “There is an increased risk of a lack of…

Russia Halts Gas Flows to Europe, Germany Claims ‘No Cause for Alarm’ Yet

Russia has halted gas supplies to Europe via a key European supply route citing maintenance issues, according to reports. Some European countries have warned that the move by the Russian government is retaliation for backing Ukraine in the war. The news of the supply suspension has also sent prices on…

Germany’s Fears of Winter Gas Shortages Ease as Storage Fills up Faster than Expected

Germany’s Economy Minister Robert Habeck has announced that the German government's fears of major natural gas shortages over the winter are easing. The relief comes as the country’s gas storage facilities are filling up faster than expected. The news provides some hope amid fears of chronic shortages this winter due…

Another Two Fertilizer Plants Shut Down in Europe over High Gas Prices

Two more fertilizer plants have been forced to shut down in Europe over high gas prices, placing further strain on the farming industry and global food supply chain. The exorbitant cost of natural gas and other fuels was reportedly behind the pair of fertilizer production facilities in Poland closing their…

European Central Bank Chief Blames ‘Climate Change’ for Record High Inflation

The head of the European Central Bank (ECB) has claimed that "climate change" is to blame for the record high inflation that's impacting nations around the world. ECB President Christine Lagarde claims that climate change has created droughts and famines that are driving up prices. Lagarde made the argument in…

Europe Must Slash Gas Usage by 20% to Survive Winter, IEA Chief warns

Europe must drastically reduce natural gas consumption in order to survive through the winter, the head of the International Energy Agency (IEA) has warned. IEA chief Fatih Birol recently called on all European Union (EU) member states to reduce gas consumption by 15% in the face of the threat of…