Joseph Branch

Joseph Branch

France is working to increase gas supplies to Germany

This was announced by the French gas operator GRTgaz. The Spanish company Teraga has also announced plans to increase deliveries to France. The ongoing energy crisis is having a huge effect on the German economy. Since it is the largest economy in the EU, other countries of the bloc are

Why has the price of gas in the EU dropped by almost 40 percent in a couple of weeks?

The European Union's underground gas storage facilities (UGS) are now almost 83 percent full. According to Andreas Schroeder, head of energy analysis at ICIS, the most optimistic scenario for Europe is a drop in consumption to 15 percent. In this case, at the end of the winter the

A Russian court accepted a class action lawsuit against Sony. The company is demanding 280 million rubles

28 plaintiffs accuse the company of restricting their access to purchase video games in PlayStation Store. The suit was filed in late May. Players are demanding restoration of access to the store and compensation for moral damages of 10 million rubles each. The case began to be considered only today

U.S. rail strikes threaten fertilizer production and the agricultural sector

Strikes on railroads in the U.S. threaten not only the transportation of coal, lumber and products. But also the transportation of ammonia, which makes up 75% of all fertilizers. U.S. farmers, in the face of record drought, low field seeding and yields, are in dire need of fertilizer.

Hydrogen is the gas of the future, we will create a boom in this industry - Scholz

A cap on electricity prices should be introduced with great speed. We are also considering a price ceiling on gas. Thanks to the nuclear power plant and the rapid filling of the gas storage facilities, I am confident that we will survive this winter.

Will the funds be unfrozen? A new idea appeared in the State Duma - Izvestia

It will be possible to get an interest-free loan against the security of frozen mutual funds of Tinkoff, Alfa, VTB Bank and other domestic companies. Unfortunately, FinEx investors will not be able to get such a loan. The company will have to fight with European regulators. In addition, it is

UAE tourism revenues exceed $5 billion in the first half of 2022 - Reuters

The number of guests rose to 12 million, an increase of 42% year-on-year. A "strong tourism recovery is expected in the coming winter season," the UAE prime minister said. Have you visited Dubai this year?

Greek Prime Minister: a price ceiling should be set for all gas purchased by EU countries, not just Russian gas

He said that Greece has provided several cargoes of LNG, doubled the capacity of storage tanks, and promoted ideas to reduce consumption of natural gas. Earlier Roberto Cingolani, the Minister of Energy Transition of Italy said that it does not make sense to introduce a price ceiling on Russian gas

UK government will cap electricity prices for households - Bloomberg

This benefit will be in effect for two years in order to prevent a recession in the country. The measure could cost the government $120 billion and will be one of the largest peacetime interventions in England's history. The amount of the cap would be determined by the

Withdrawal of pension savings from the pension system is not considered, - Ministry of Finance of the Russian Federation

According to the regulator, citizens will not be able to withdraw their pension savings from the fund. Now we are talking only about the transfer of funds formed in the fund in the standard scheme of non-state pension provision (NSP). Earlier it was reported that the Ministry of Finance was