EconomyRecord diesel prices are expected to raise grocery, air travel and home-heating costs this fall, putting pressure across the economy.
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ABC News
ABC NewsEconomy
PoliticsThe European Parliament is seeking to make permitting reform part of a stronger common EU rulebook, while national capitals want flexibility to account for their legal systems, environmental limits and administrative structures.
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euronews
WorldThe US-Israel war on Iran has unsettled global energy markets, including coal. Countries are turning to the highly polluting fuel to reduce their exposure to possible shipping disruptions in the Strait of Hormuz. The International Energy Agency expects global coal demand to rise 1.2% this year to a record 8.94 billion tonnes.
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France 24 English
EconomyA study finds that soaring energy and fuel costs are hitting Europeans hard, with some giving up family visits and medical appointments to manage higher expenses. The impact, however, is not evenly shared.
Eeuronews
EconomyThe European Central Bank raised interest rates this week as global bond yields climbed, energy prices spiralled and political risks grew. After Germany’s far-right Alternative for Germany won a state election in Saxony-Anhalt, investors are turning to elections across Europe in 2027, with France standing out amid political division and a shaky fiscal outlook.
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Bloomberg Television
Bloomberg Television
EconomyAnna Edwards, Lizzy Burden and Adam Linton examine rising energy prices, euro-area core inflation, losses in the UK gilt market and Fed Chair Warsh’s Jackson Hole statement on Bloomberg: The Opening Trade.
BBloomberg Television
Bloomberg Television
PoliticsEU climate chief Wopke Hoekstra says disruptions in the Strait of Hormuz threaten the bloc’s energy supply and could bring a looming “fight for gas”. He argues that the EU’s best option is to move to a completely different energy system.
Eeuronews
WorldIn an exclusive Euronews interview, Hoekstra says climate resilience, energy security and geopolitical independence have become inseparable for Europe. EU gas storage is still below target while the Strait of Hormuz remains blocked.
Eeuronews
EconomyEurope is experiencing its fifth heatwave, putting pressure on the continent’s energy system. E.ON says wholesale prices have risen sharply because of conditions in the Persian Gulf, while unusually high gas prices are weighing on customers and affordability. The company also expects the very hot summer to reduce output and create short-term market distortions. The situation is described as stressful despite the need to continue operating.
BBloomberg Television
Bloomberg Television
EconomyEurope is placing a multi-trillion-euro bet on producing more of its own electricity. The strategy aims to tackle high energy costs, geopolitical vulnerability and industrial decline. The discussion examines whether renewable energy, nuclear power and a sweeping grid overhaul can provide energy security before Europe’s competitors move further ahead.
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Reuters
Reuters
EconomyEU gas storage levels for this point in the year have fallen to their lowest mark since at least 2011. The decline is linked to the US-Israeli war on Iran, which has tightened supplies worldwide. Europe now faces questions about whether it could endure a cold winter with insufficient gas. Higher energy prices are also a concern.
RReuters
Reuters