The EU on Friday will seek urgent ways to bring down skyrocketing energy prices as winter looms, with "sabotage" of gas pipelines from Russia this week injecting drama into the effort.. Unexplained leaks on the undersea Nord Stream 1 and 2 gas pipelines from Russia to Germany -- seen as "sabotage" by EU leaders, with suspicion falling on Moscow -- have aggravated the situation.
The Swiss franc is breaking records against the euro, giving the Swiss economy a temporary boost as central banks battle inflation -- although experts remain cautious about the months ahead.. However, this boost to the Swiss economy may only be short-lived.
UK Prime Minister Liz Truss on Thursday defended her tax cutting policy after days of silence during which markets tanked and the Bank of England was forced into an emergency intervention.. Truss defended her fiscal policy, which includes a cut to the top rate of income tax, arguing the UK currently had its highest tax burden in 70 years.
A fourth leak has been detected in undersea gas pipelines linking Russia to Europe, the Swedish Coast Guard said Thursday, after explosions were reported earlier this week in what NATO called "reckless" sabotage.. The Swedish Coast Guard confirmed Thursday there were four leaks in total on the pipeline in the Baltic Sea -- two on the Swedish side and two on the Danish side.
Luxury sports carmaker Porsche raced onto the Frankfurt stock exchange Thursday with one of Europe's biggest listings in years, leveraging its brand power to defy global market turmoil.. "Sports car icon Porsche goes full throttle and races onto the stock market," read a column in the paper.
UK Prime Minister Liz Truss on Thursday defended her tax cuts policy, despite it triggering market turmoil and forcing a Bank of England intervention to prevent "material risk" to the economy.. UK markets remain highly volatile, with the Bank of England intervening on Wednesday to buy government bonds in order to prevent a "material risk" to stability.
With a vast wardrobe catering to everything from "House of the Dragon" to "The Crown", Spain's Peris Costumes has carved out a well-tailored niche for itself, renting costumes to producers across the globe.. And producers appreciate "having costumes that have been worn in and aged with time", he explains.
Australia's biggest carbon polluter announced Thursday it will exit coal-fired power a decade early, as renewable projects surge in a country long seen as a climate laggard.. Its closure would complete AGL's exit from all coal-fired power, the company said.
One of the biggest franchises in video game history is coming to an end on Friday with the release of FIFA 23, the final installment of a football game that has entranced millions of fans for the past three decades.. The end of the deal with FIFA came after the football body reportedly raised its licensing fee demand from $150 million a year to $250 million -- bring the total for the mooted four-year contract to $1 billion.
French schools, trains and businesses are set to be affected Thursday by the first major strike called since the re-election of President Emmanuel Macron in April, as unions push for wage hikes and the end of planned pension reform.. Despite anger over the soaring cost of living, Macron is in a hurry to push through pension reform, which he first promised in 2017 before pausing in 2020 during the Covid-19 pandemic.
