• About
  • Advertise
  • Careers
  • Contact
Sunday, July 3, 2022
  • Login
No Result
View All Result
NEWSLETTER
The Frontier Times | Latest Global Coverage
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech
    Bitcoin has lost nearly half its value since 2021 peak – National

    EU hammering out cryptocurrency regulations that could set global standard – National

    Roe v. Wade overturn: Can data be used to crack down on abortions? – National

    Roe v. Wade overturn: Can data be used to crack down on abortions? – National

    Kyle Rittenhouse announces video game about shooting ‘fake news turkeys’ – National

    Kyle Rittenhouse announces video game about shooting ‘fake news turkeys’ – National

    Amazon’s Alexa could soon mimic the voice of your dead loved ones – National

    Amazon’s Alexa could soon mimic the voice of your dead loved ones – National

    YouTube might be asked to manipulate algorithms under online streaming bill: CRTC chair – National

    YouTube might be asked to manipulate algorithms under online streaming bill: CRTC chair – National

    Instagram testing new tools to verify user age – National

    Instagram testing new tools to verify user age – National

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Sports
    Rays aim to stop slide in game against the Blue Jays

    Toronto Blue Jays host the Tampa Bay Rays Sunday

    Paredes, Franco lift Rays over Blue Jays 6-2

    Paredes, Franco lift Rays over Blue Jays 6-2

    Rays aim to stop slide in game against the Blue Jays

    Jays RH Gausman leaves game after being hit on foot by liner

    Gausman pulled from Jays game with injured ankle

    Gausman pulled from Jays game with injured ankle

    Rays aim to stop slide in game against the Blue Jays

    Rays try to stop road skid, take on the Blue Jays

    Back-to-back-to-back doubles lift Jays over Rays

    Back-to-back-to-back doubles lift Jays over Rays

    Rays aim to stop slide in game against the Blue Jays

    Russell Martin bids farewell to Blue Jays fans

    Source: Raptors sign free agent forward Porter Jr.

    Source: Raptors sign free agent forward Porter Jr.

    Quebec tribute artist ready for ultimate Elvis Presley contest in Memphis

    Quebec tribute artist ready for ultimate Elvis Presley contest in Memphis

  • Lifestyle
    • All
    • Health
    Nahar state of the art medical and diagnostic center, mumbai Is the first medical facility in india to accept BitcoinCash.

    Nahar state of the art medical and diagnostic center, mumbai Is the first medical facility in india to accept BitcoinCash.

    These young entrepreneurs have established that age is just a number

    These young entrepreneurs have established that age is just a number

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech
    Bitcoin has lost nearly half its value since 2021 peak – National

    EU hammering out cryptocurrency regulations that could set global standard – National

    Roe v. Wade overturn: Can data be used to crack down on abortions? – National

    Roe v. Wade overturn: Can data be used to crack down on abortions? – National

    Kyle Rittenhouse announces video game about shooting ‘fake news turkeys’ – National

    Kyle Rittenhouse announces video game about shooting ‘fake news turkeys’ – National

    Amazon’s Alexa could soon mimic the voice of your dead loved ones – National

    Amazon’s Alexa could soon mimic the voice of your dead loved ones – National

    YouTube might be asked to manipulate algorithms under online streaming bill: CRTC chair – National

    YouTube might be asked to manipulate algorithms under online streaming bill: CRTC chair – National

    Instagram testing new tools to verify user age – National

    Instagram testing new tools to verify user age – National

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Sports
    Rays aim to stop slide in game against the Blue Jays

    Toronto Blue Jays host the Tampa Bay Rays Sunday

    Paredes, Franco lift Rays over Blue Jays 6-2

    Paredes, Franco lift Rays over Blue Jays 6-2

    Rays aim to stop slide in game against the Blue Jays

    Jays RH Gausman leaves game after being hit on foot by liner

    Gausman pulled from Jays game with injured ankle

    Gausman pulled from Jays game with injured ankle

    Rays aim to stop slide in game against the Blue Jays

    Rays try to stop road skid, take on the Blue Jays

    Back-to-back-to-back doubles lift Jays over Rays

    Back-to-back-to-back doubles lift Jays over Rays

    Rays aim to stop slide in game against the Blue Jays

    Russell Martin bids farewell to Blue Jays fans

    Source: Raptors sign free agent forward Porter Jr.

    Source: Raptors sign free agent forward Porter Jr.

    Quebec tribute artist ready for ultimate Elvis Presley contest in Memphis

    Quebec tribute artist ready for ultimate Elvis Presley contest in Memphis

  • Lifestyle
    • All
    • Health
    Nahar state of the art medical and diagnostic center, mumbai Is the first medical facility in india to accept BitcoinCash.

    Nahar state of the art medical and diagnostic center, mumbai Is the first medical facility in india to accept BitcoinCash.

    These young entrepreneurs have established that age is just a number

    These young entrepreneurs have established that age is just a number

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
The Frontier Times | Latest Global Coverage
No Result
View All Result
Home Politics

Total cut-off of Russian gas looms as EU leaders meet – National

by The Frontier Times
June 24, 2022
in Politics
0
Total cut-off of Russian gas looms as EU leaders meet – National
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


EU leaders will on Friday discuss how to respond to soaring energy prices and the threat of a total cut-off of Russian gas, accusing Moscow of “weaponising” energy via a supply squeeze that Germany warned could partly shut down its industry this winter.

A day after celebrations over setting Kyiv on the road to membership of the bloc, Friday’s summit in Brussels was set to be a sober reflection on the economic impact of Russia’s invasion of Ukraine.

Leaders of the 27 European Union nations will, according to a draft summit statement seen by Reuters, place the blame for a huge spike in prices and sagging global growth on the war that began exactly four months ago.

Read more:

Russia to blame for sky-high prices, Trudeau says amid $250M pledge in food aid

Story continues below advertisement

Following unprecedented Western sanctions imposed over the invasion, a dozen European countries have so far been thumped by cuts in gas flows from Russia.

“It is only a matter of time before the Russians close down all gas shipments,” said one EU official ahead of Friday’s talks.


Click to play video: 'Trudeau pledges $250M in food aid, says Russia to blame for sky-high prices'






0:28
Trudeau pledges $250M in food aid, says Russia to blame for sky-high prices


Trudeau pledges $250M in food aid, says Russia to blame for sky-high prices

German Economy Minister Robert Habeck warned his country was heading for a gas shortage if Russian supplies remained as low as currently, and some industries would have to be shut down come the winter.

“Companies would have to stop production, lay off their workers, supply chains would collapse, people would go into debt to pay their heating bills,” he told Der Spiegel magazine, adding it was part of Russian President Vladimir Putin’s strategy to divide the country.

The EU relied on Russia for as much as 40% of its gas needs before the war – rising to 55% for Germany – leaving a huge gap to fill in an already tight global gas market.

Trending Stories

  • Canada has 3 of the world’s most liveable cities in 2022

  • Kidnapped woman rescued after pleading for help on Grubhub order

Story continues below advertisement

‘Weaponisation of gas’

According to a draft statement seen by Reuters, EU leaders will say that “in the face of the weaponisation of gas by Russia,” the European Commission should find ways to secure “supply at affordable prices.”

EU countries have already poured billions of euros into tax cuts and subsidies to combat surging energy prices.

But that adds up to hefty bills for already stretched coffers, leaving many scrambling to find a solution, and EU countries disagree on a bloc-wide solution to address soaring prices.

Read more:

Ukraine now a candidate for European Union membership, bloc decides

Spain and Portugal capped gas prices in their local electricity market this month, but other states warn price caps would disrupt energy markets and drain state coffers further, if governments had to pay the difference between the capped price and the price in international gas markets.

“We need to start buying energy collectively, we need to implement price caps and we need to make plans together to get through the winter,” Belgian Prime Minister Alexander De Croo said on Friday as he arrived at the EU summit.

“If we don’t pay attention then the whole EU economy will go into a recession with all its consequences.”

Story continues below advertisement


Click to play video: 'Russia warns of ‘serious’ consequences over new sanctions'






2:14
Russia warns of ‘serious’ consequences over new sanctions


Russia warns of ‘serious’ consequences over new sanctions

The bloc responded to the war with uncharacteristic speed and unity, but some sanctions, such as a planned embargo on Russian oil imports, have repercussions for its economies.

Inflation in the 19 countries sharing the euro currency has shot to all-time highs above 8% and the EU’s executive expects economic growth to dip to 2.7% this year.

Eurogroup chief Paschal Donohoe warned that the bloc must “acknowledge the risk we could face if inflation becomes embedded in our economies.”

Read more:

Gas prices likely to keep rising as summer travel season kicks off: economists

“If inflation becomes a real, durable part of our economies in the years to come, the challenge that we face with the standard of living and the cost of living will only grow in the years ahead. It’s a very difficult challenge.”

Story continues below advertisement

Rome has called for EU leaders to reconvene for an exceptional mid-July meeting to discuss ways to deal with rising gas prices but there is no plan to do so at the moment, an EU official said.

Another EU official, however, said some EU leaders were considering the option to hold an extra summit in July to talk about broader economic issues.

(Reporting by Phil Blenkinsop, Marine Strauss, Bart Meijer, Francesco Guarascio, Kate Abnett, Jan Strupczewski; Additional reporting by Miranda Murray in Berlin, Gianluca Semeraro in Rome; writing by Jan Strupczewski, Phil Blenkinsop and Ingrid Melander; editing by John Chalmers, Sam Holmes and Alex Richardson)





Source link

The Frontier Times

The Frontier Times

Related Posts

Germans urged to prepare for possible gas shortage amid Russia’s war – National

Germans urged to prepare for possible gas shortage amid Russia’s war – National

by The Frontier Times
July 2, 2022
0

Fearing Russia might cut off natural gas supplies, the head of Germany‘s regulatory agency for energy called on residents Saturday...

More flexibility could be added to anti-Taliban law to help Afghans: minister – National

More flexibility could be added to anti-Taliban law to help Afghans: minister – National

by The Frontier Times
July 2, 2022
0

A law outlawing any dealings with the Taliban, which charities complain is impeding their ability to help needy Afghans, could...

New York passes new limits on concealed gun permits after U.S. Supreme Court ruling – National

New York passes new limits on concealed gun permits after U.S. Supreme Court ruling – National

by The Frontier Times
July 2, 2022
0

New York’s legislature approved a sweeping overhaul Friday of the state’s handgun licensing rules, seeking to preserve some limits on...

Canada’s immigration backlog leaves Calgary family ‘in limbo’

Canada’s immigration backlog leaves Calgary family ‘in limbo’

by The Frontier Times
July 2, 2022
0

While many spend Canada Day celebrating what it means to be Canadian, others are still waiting for an opportunity to...

Montrealers face challenging moving day amid housing crisis

Montrealers face challenging moving day amid housing crisis

by The Frontier Times
July 2, 2022
0

While some Quebecers are celebrating Canada Day, others are taking part in a more stressful kind of tradition: moving day....

Global News

U.S. pledges $820M in Ukraine aid, including missile systems as Russia’s war drags on – National

by The Frontier Times
July 2, 2022
0

The U.S. announced on Friday that it will provide Ukraine with $820 million in new military aid, including new surface-to-air...

Next Post
Shireen Abu Akleh killed by Israeli shots, says U.N. rights body

Shireen Abu Akleh killed by Israeli shots, says U.N. rights body

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

U.S. Officials Meet With Brittney Griner in Russia

3 months ago
Patient and Confident, Putin Shifts Out of Wartime Crisis Mode

Patient and Confident, Putin Shifts Out of Wartime Crisis Mode

3 days ago

Popular News

    Connect with us

    Newsletter

    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
    SUBSCRIBE

    Category

    • Entertainment
    • Health
    • Lifestyle
    • Politics
    • Sports
    • Tech
    • Uncategorized
    • World

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    • About
    • Advertise
    • Careers
    • Contact

    © 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

    No Result
    View All Result
    • Home
    • Politics
    • World
    • Business
    • Science
    • National
    • Entertainment
    • Gaming
    • Movie
    • Music
    • Sports
    • Fashion
    • Lifestyle
    • Travel
    • Tech
    • Health
    • Food

    © 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In