Commentary Only 15 years ago, the European Union produced more natural gas than Russia exported, according to the EIA. Repeating past mistakes and maintaining a failed energetic interventionist policy would only worsen what is already a structural disaster. The prohibitive cost of electricity and gas in Europe isn’t a result of market flaws but of…
‘A Mild Winter Alone Can’t Save’ Europe, Energy Crisis Accelerates Region’s Deindustrialization
Europe’s energy crisis is now threatening to ramp up deindustrialization on the continent as many firms face persistent struggles with high energy costs. Russia’s war against Ukraine and Moscow’s subsequent decision to cut energy supply to Europe has compromised the region’s energy security situation, pushing up fuel costs for commercial entities. Companies in Europe are…
Hurricane Ian Damage Likely Among the Worst; World Leaders React to Putin Annexation | NTD Business
Hurricane Ian is hitting South Carolina Friday, after leaving a path of destruction in Florida. President Joe Biden says it could be among the worst in U.S. history. There’s an unexpected beneficiary of Europe’s energy crises: Chinese companies that make electric blankets. The FDA approves a new drug for ALS, or Lou Gehrig’s disease. It could…
Skyrocketing Energy Bills Deal Death Blows to Europe’s Factories
Europe’s factories have begun succumbing to dangerously escalating energy bills following retaliatory Russian cutbacks, resulting in an inflation rate of more than 9 percent and a dip in industrial production, which is expected to worsen in coming days. Industrial production for July 2022 decreased by 2.3 percent in the eurozone—i.e., the 19 countries that use…
LIVE NOW: Apple Unveils New iPhone 14 Pro; EU Home Electricity May Rise By $2T | NTD Business
Apple unveils its long-awaited iPhone 14. We take a look at what’s new with the phone. A judge allows Elon Musk to use a whistleblower’s claims in his case against Twitter. But a Twitter lawyer says Musk has a different reason for trying to drop the deal. European families may have to pay $2 trillion more…
Apple Unveils New iPhone 14 Pro; EU Home Electricity May Rise by $2 Trillion | NTD Business
Apple unveils its long-awaited iPhone 14. We take a look at what’s new with the phone. A judge allows Elon Musk to use a whistleblower’s claims in his case against Twitter. But a Twitter lawyer says Musk has a different reason for trying to drop the deal. European families may have to pay $2 trillion more…
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