The water levels at one of the largest reservoirs in southern Spain are on the brink of running dry threatening tourism and farming livelihoods.
New measures to reduce Germany's gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said on Friday. Economy Minister Robert Habeck told the Sueddeutsche Zeitung newspaper last week the state would order certain energy savings measures such as only heating public buildings to a maximum of 19 degrees Celsius (66.2°F).
<a href="/topic/dutch">Dutch</a> natural gas storage facilities were filled to 50 per cent of their capacity by the end of June
Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy's Eni and Spain's Repsol to provide it with fuel in exchange for future cargoes, three people familiar with the matter said. Venezuela's oil company PDVSA no longer is interested in the oil-for-debt deals that the U.S. State Department authorized in May, the sources said, which allowed the state company to resume shipments to Europe after a two-year suspension caused by U.S. sanctions. Washington authorized the shipments as long as cargo proceeds were used to pay off accumulated debt PDVSA owed to joint ventures with Eni and Repsol.
An instant investment profit of close to 250pc sounds fantastical — impossible, even. But in the sleek world of luxury watches, those who manage to get their hands on brand new rare timepieces can sell them on for a fortune.
The Telegraph has forced banks to repay £1.4m to vulnerable fraud victims, prompting the City watchdog to warn of “consequences” if they continue to neglect their customers.
Even as Burnley bakes in another sweltering heatwave, residents are getting the chills just looking ahead to a winter choice of "eating or heating".
Nusret Gökçe’s ‘ludicrous’ Nusr-Et Steakhouse charges more than £600 for a tomahawk steak
Banks are scrambling to pass rising rates onto mortgage customers while leaving saver's money to languish, as the gap between home loan and savings rates reaches its widest point in 15 years.
Landlord profit margins are getting hammered as buy-to-let mortgage rates more than double, new data shows.
A drought has been declared across swathes of England following the driest July in almost 90 years. Meanwhile, the risk of wildfires remains at ‘exceptional’ - its highest level.
Sofia Vergara has clearly shown several times in the past that she knows how to turn out a stellar look, and with the return of the America's Got Talent live shows, she is doing so once again. MORE: Sofia Vergara wows fans with filter-free selfie The star took to the AGT stage on Wednesday night for the season's first results show in quite the chic ensemble, a black and white ensemble. VIDEO: Sofia Vergara's silk and sequins outfit She wore a white top that featured a deeply plunging neckline an
Investors dialling into corporate earnings calls are increasingly liable to hear the same worrying phrases again and again: "deterioration", "slowdown" and "pull back" were increasingly common between April and June, according to analysis of more than 700 transcripts by Barclays.
Welsh Secretary Sir Robert Buckland said the Foreign Secretary’s plans offered the ‘best shot’ for the economy.
Trump and his allies have attempted to distract Americans from an ongoing criminal investigation by pushing false claims about Obama. The facts reveal why the two presidents' actions aren't comparable
This sitcom about a directionless millennial Muslim has long gone where other shows wouldn’t dare. But the inspired casting of season two makes for real brilliance
It caps a year-long drama with multiple near-death experiences for the Democratic climate, health, and tax bill.
NEW DELHI (Reuters) -India's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports. Nayara posted a net profit of about 35.64 billion rupees($447.5 million) in the June quarter compared to a net loss of 1.39 billion rupees a year earlier, it said in a late evening stock exchange filing on Friday. Rosneft and Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia's UCP Investment Group, holds 49.13% stake each in Nayara.
The FTSE 100 pharmaceutical giant's share price suffered its biggest drop since 1998 on Thursday.
Writing in The Times, he said every household would get savings of around 200 pounds ($244) on their energy bills with a reduction in value-added tax (VAT). The UK is bracing for already high energy bills to more than triple this year, with charities warning that millions of people could be forced into poverty if the government does not launch a multi-billion pound support package to soften the blow. Sunak, an underdog in the leadership race behind front-runner Liz Truss, said his plan would cover "support for the most vulnerable, support for pensioners and some support for everyone."
So-called "side pockets", used by hedge funds in the global financial crisis, but previously not allowed for mainstream European funds, separate out illiquid often risky assets so main funds can trade freely and attract new investors who would not share in any gains or losses from those assets. Schroders last month set up side pockets for Russian assets in its Luxembourg-domiciled emerging Europe fund, which has total assets of more than 200 million euros ($207 million), the company said. Austria's Erste told Reuters it was considering a similar move for Russian assets in its suspended emerging Europe fund.