UK energy bill boycott petition gains traction as new PM Truss under pressure to announce relief measures
A petition to boycott energy bill payments is gaining traction in the U.K. as a forthcoming 80% price hike draws closer.
CNBC Europe
German gas giant Uniper says the worst is still to come after Russia halts flows to Europe
Uniper, as Germany's biggest importer of gas, has been hit hard by vastly reduced gas flows via pipelines from Russia, which have sent prices soaring.
Euro slides below 99 cents after Russia halts gas supplies to Europe
The euro has fallen below 99 cents for the first time in 20 years after Russia said it would shut off its main gas supply pipeline to Europe indefinitely.
Hot meals or warm classrooms? UK schools face difficult choices as energy crisis bites
As U.K. schools reopen for the autumn term, children could be faced with smaller meal portions and lower-quality options.
Oil producer group OPEC+ surprises energy markets with a small production cut
Energy analysts had broadly expected the group to stay the course with its production policy.
Liz Truss to become Britain's next prime minister, replacing Boris Johnson
After a drawn-out Conservative leadership contest, the country's ruling party now has a new leader.
'Why shouldn't it be as bad as the 1970s?': Historian Niall Ferguson has a warning for investors
Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.
EU energy chief urges China and India to support a price cap on Russian oil
The G-7 plans to impose a cap on Russian oil prices. China and India should join in, EU's energy chief Kadri Simson said.
Russian oil price cap requires global commitment, France says, will be difficult to implement
French Finance Minister Bruno Le Maire said that the G-7's proposed price cap on Russian oil would require wider international participation to be a success.
Russia’s energy influence over Europe ‘is nearly over’ as bloc races to shore up winter gas supplies
Europe has endured a sharp drop in gas exports from Russia, its largest energy supplier, in recent months.
Lukoil Chairman Ravil Maganov is the 8th Russian energy executive to die suddenly this year
Since January, seven other Russian energy executives have died under unusual circumstances, according to reports by Russian and international news agencies.
G-7 nations back plan to cap Russian oil prices in a bid to drain the Kremlin’s war chest
The Group of Seven wealthy nations on Friday agreed to implement a price-capping mechanism on Russian oil exports.
Energy CEO calls out Europe's 'foolish' dependence on natural gas
Francesco Starace was speaking to CNBC at the Ambrosetti Forum in Italy.
Russia could be like 'North Korea on steroids' when Putin is replaced, former Kremlin advisor says
Economist Sergei Guriev on Friday warned that Russia could become like "North Korea on steroids" when President Vladimir Putin is replaced.
Britain's banks are giving staff one-off crisis payments. But they're being urged to do much more
UK banks offered employees one-time bonuses or pay increases to help with the cost of living, but longer-term solutions may be needed to keep hold of staff.
The world's biggest offshore wind farm is now fully operational
Situated off the coast of Yorkshire, England, the scale of Hornsea 2 is considerable.
U.S. health officials brace for another fall Covid surge, but with fewer deaths
Health officials say the U.S. is in a much stronger position due to new boosters, antiviral treatments, therapeutics and immunity from previous infections.
Europe’s evaporating rivers wreak havoc for food and energy production ahead of winter
A severe lack of rainfall and a sequence of heatwaves from May onward has taken a visible toll on the region's waterways.
Europe faces terrible winters for the next 5 to 10 years without a gas price cap, minister warns
Russia — which supplied roughly 40% of the EU's gas last year — has drastically reduced flows to Europe in recent weeks, citing faulty and delayed equipment.
Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina
Bosch will build fuel cells for electric heavy trucks, including Nikola's, in South Carolina starting in 2026.
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