Russian energy giant Gazprom said Wednesday that delivery of a turbine needed to keep gas flowing to Europe via the Nord Stream 1 pipeline was "impossible" due to sanctions on Moscow.. The delayed return of the turbine from Canada, where the unit was being serviced, was behind an initial reduction in gas deliveries via the Nord Stream 1 gas pipeline in June, according to Gazprom.
UN Secretary-General Antonio Guterres on Wednesday accused oil and gas companies of making "excessive" profits from the energy crisis sparked by the war in Ukraine, calling it "immoral.". "It is immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities and at a massive cost to the climate," the UN chief told reporters.
A smallpox vaccine shown to protect against monkeypox has come under huge global demand, leading health authorities to warn against repeating the unequal distribution seen during the Covid pandemic.. The WHO has called on countries that do have vaccines to share, urging the world not to repeat the inequality of access to Covid vaccines between rich and poor nations.
Turkey's annual inflation rate stabilised in July at just under 80 percent, official data showed on Wednesday, helping support President Recep Tayyip Erdogan's pledges that runaway price increases would soon stop.. The official annual rate of consumer price increases reached 79.6 percent in July compared to 78.6 percent in June.
French satellite company Eutelsat on Wednesday halted European broadcasts of Russian channel NTV Mir after regulators flagged content it had aired comparing Ukrainians to Nazis.. The French regulator said on its website that the channel "tends to repeatedly portray not only the Ukrainian leadership and the Ukrainian army, but also and above all the Ukrainian population, as adhering to the Nazi ideology of the Third Reich".
German Chancellor Olaf Scholz on Wednesday accused Russia of blocking the delivery of a turbine needed to keep gas flowing via the Nord Stream 1 pipeline to Europe.. Russian energy giant Gazprom has blamed the delayed return of the unit from Canada, where it was being serviced, for the initial reduction in deliveries of gas via the Nord Stream 1 gas pipeline.
Nintendo said Wednesday its first-quarter net profit jumped 28 percent on-year, mainly thanks to a weaker yen, but hardware and software sales declined because of a chip shortage and Covid-19 supply issues.. "Due to the effects of supply shortages in semiconductors and other components among other factors, hardware sales were down 22.9 percent year-on-year, and software sales were down 8.6 percent year-on-year," Nintendo added.
For years, selling eggs was a joyless business for Danai Bvochora, as most of the money she made went to cover minibus fares to the market in a rural area of Zimbabwe.. Zimbabwe has for more than two decades faced tough economic conditions, with rural areas particularly hard hit.
Asian markets mostly rose Wednesday after the previous day's reverse, with focus on House Speaker Nancy Pelosi's visit to Taiwan, which has further strained already tense China-US ties and raised concerns about the long-term impact on the global outlook.. The latest developments have raised concerns that the volatility on markets would likely continue for some time.
The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame energy-fuelled inflation.. Biden said after his meetings with Saudi officials that he was "doing all I can" to increase the oil supply.
