European governments reject Putin threats over gas supplies as ‘blackmail’

European governments reject Putin threats over gas supplies as ‘blackmail’

Russian president Vladimir Putin threatened on Thursday to halt contracts supplying Europe with a third of its gas unless they are paid in Russian currency, his strongest economic riposte so far to crushing western sanctions over his invasion of Ukraine. European governments rejected Mr Putin’s ultimatum for Friday, with the continent’s biggest recipient of Russian gas, Germany, calling it “blackmail”. Moscow did, however, offer a mechanism for buyers to obtain roubles via a Russian bank. The energy showdown has huge ramifications for Europe as US officials circle the globe to…

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Ukraine negotiations to resume, Putin gives Europe gas payment ultimatum

Ukraine negotiations to resume, Putin gives Europe gas payment ultimatum

European buyers of Russian gas faced a deadline to start paying in roubles on Friday, while negotiations aimed at ending the five-week war were set to resume even as Ukraine braced for further attacks in the south and east. Moscow’s invasion of its neighbour has killed thousands, sent millions fleeing and galvanised the United States and allies around the world to impose punishing penalties on Russian government entities, businesses and oligarchs. Russia will respond to European Union sanctions, the RIA news agency quoted a senior foreign ministry official on Friday….

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Europe’s Economy Reels Under Energy Fallout

Europe’s Economy Reels Under Energy Fallout

Two weeks since Russia began Europe’s biggest conflict since World War II, businesses across the continent are already in varying stages of despair at the consequences on livelihoods. A crisis of human suffering in Ukraine, whose wider economic impact prompted European Central Bank officials to quicken their withdrawal from stimulus this week, is affecting prosperity from the farmlands of Spain to the euro zone’s manufacturing core in Germany and France. Surging energy costs are the central complaint, though disrupted supply chains, sanctions and worries about a looming demand drop are…

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EU Parliament’s final push on the Digital Markets Act must include default settings

EU Parliament’s final push on the Digital Markets Act must include default settings

Europe has a deeply uneven tech playing field. But as members of the European Parliament prepare to vote in plenary on the Digital Markets Act (DMA) on Wednesday, there’s a chance to correct this course. MEPs must sustain significant progress made within the legislation, such as with regard to ad platforms, as well as the major wins brought home by the European Commission over recent months such as the Google Shopping case and Android choice screen — demonstrating the EU’s ability to take concrete action to create a fair and…

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Ramana Maharshi Handicraft Statues: A Big Success With UK Customers

Ramana Maharshi Handicraft Statues: A Big Success With UK Customers

Here is a write up on this Unique Christmas Gift from India, which has created a huge sensation and has become the latest fashion in Online Shopping globally. The first edition was sold out in a record breaking 48 hours.The worldwide online sale began on 10th December 2021 on www.Tiruvannamalaihandicrafts.com .This collection is a very limited edition. Tiruvannamalai Handicrafts, from India has announced the much awaited and anticipated worldwide online sale of Sri Ramana Maharshi handicraft statues from today, the 9th December 2021.   The introduction of Ramana Maharshi handicraft  statutes has…

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IMF’S KRISTALINA GEORGIEVA: OMICRON VARIANT LIKELY TO USHER GROWTH DOWNGRADES

IMF’S KRISTALINA GEORGIEVA: OMICRON VARIANT LIKELY TO USHER GROWTH DOWNGRADES

Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday. “A new variant that may spread very rapidly can dent confidence, and in that sense, we are likely to see some downgrades of our October projections for global growth,” Georgieva said during the Reuters Next conference. The IMF said in October it expected the global economy to grow 5.9% this year and 4.9% next year, pointing then to…

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U.S. STATE DEPARTMENT APPLE IPHONE HACKED WITH ISRAELI COMPANY SPYWARE – SOURCES

U.S. STATE DEPARTMENT APPLE IPHONE HACKED WITH ISRAELI COMPANY SPYWARE – SOURCES

Apple Inc iPhones of at least nine U.S. State Department employees were hacked by an unknown assailant using sophisticated spyware developed by the Israel-based NSO Group, according to four people familiar with the matter. The hacks, which took place in the last several months, hit U.S. officials either based in Uganda or focused on matters concerning the East African country, two of the sources said. The intrusions, first reported here, represent the widest known hacks of U.S. officials through NSO technology. Previously, a list of numbers with potential targets including…

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Amazon’s Black Friday Greeted by Climate Activists, Strikes in Europe

Amazon’s Black Friday Greeted by Climate Activists, Strikes in Europe

Climate activists targeted 15 Amazon depots across Europe on “Black Friday” and the world’s biggest e-commerce company also faced protests by workers and delivery drivers in Germany, France, and Italy. Amazon, based in Seattle, is facing criticism from climate activists who say excessive consumption harms the environment while an alliance of trade unions say the company does not pay workers enough nor enough tax to governments. “Black Friday epitomises an obsession with overconsumption that is not consistent with a liveable planet,” the Extinction Rebellion group said after blocking 13 Amazon…

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Norway’s Oil Boom Is Only Just Beginning

Norway’s Oil Boom Is Only Just Beginning

Norway’s revenues from oil and gas production hit a record high this year and are showing no signs of slowing down.While Norway is a major supporter of clean energies, it is also a firm believer that the energy transition can only be achieved by using the profits from oil and gas production. The future is bright for Norway’s energy giant Equinor, which will be able to take advantage of growing energy demand and play a leading role in the coming energy transition. Norway’s oil and gas production is at an…

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Sweden asks EU to ban Bitcoin mining because while hydroelectric power is cheap, they need it for other stuff

Sweden asks EU to ban Bitcoin mining because while hydroelectric power is cheap, they need it for other stuff

The directors general of Sweden’s Financial Supervisory Authority and Environmental Protection Agency have called upon both the EU and Sweden’s government to ban cryptocurrency mining. Since China banned Bitcoin ,wannabe get-rich-quick artists have been looking for somewhere else to squander squillions of megawatt-hours minting imaginary internet money. Cheap hydroelectric power makes the Nordics tempting, with Sweden alone using 1TWh on it last year, but they would rather keep it for other uses than ransoming encrypted files and buying illegal drugs. Some will doubtless call that selfish and short-sighted of them….

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