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Fortune (September 24)

2022/ 09/ 25 by jd in Global News

“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”

 

The Guardian (September 12)

2022/ 09/ 13 by jd in Global News

“New Zealand, which once eliminated the virus through the toughest pandemic rules in the world, has made relaxations similar to Australian or European conditions. Mask-wearing will no longer be mandatory in public places, and the last vaccine mandates will be ditched in two weeks.” Tests for inbound travelers “on arrival in New Zealand are no longer required but encouraged.”

 

Reuters (September 9)

2022/ 09/ 09 by jd in Global News

“Drastic Russian cuts to gas supplies to Europe this year have turned Norway into the European Union’s main source of the fuel.” Norway is now “forecast to deliver nearly 90 billion cubic metres of gas to the EU this year, or nearly 25% of the bloc’s demand…. That’s higher than the 20% Russia will likely provide.”

 

Financial Times (September 5)

2022/ 09/ 06 by jd in Global News

“The euro dropped on Monday to a new 20-year low after Russia’s decision to shut a major gas pipeline to Europe intensified the energy crisis that has dealt a heavy blow to the region’s economy.” The currency blew past parity, going as low as $0.988 in London. Stocks fell and energy prices surged while “European capitals struggle to contain growing concerns over Russia’s ‘weaponisation’ of gas supplies.”

 

Foreign Affairs (September 2)

2022/ 09/ 04 by jd in Global News

“Europe’s supposed commitment to seeing Russia held to account for its actions in Ukraine seems to be trumped by its undeniable energy needs.” An overfocus on symptoms and quick fixes obscures “the path toward energy security.” Absent “coordinated foreign policy—not fragmented individual national responses…. EU member states will find themselves constantly threading the needle between upholding their values and meeting the basic needs of their citizens, a precarious exercise that will hurt the European project itself.”

 

Forbes (August 24)

2022/ 08/ 26 by jd in Global News

“Europe’s worst drought and heatwave in half a millennium is also a disaster in the realm of energy.” Though unspeakable suffering has followed in its wake, “it is the drought, especially the drying of European rivers, which should worry everyone the most…. Rivers are Europe’s economic and transportation backbone, and their drying will drive up energy and commodity prices” and stifle logistics and energy production. “Rivers form an invisible but vital infrastructure to every part of the European economy, and energy is no exception.”

 

Washington Post (June 20)

2022/ 06/ 21 by jd in Global News

“A punishing early-season heat wave… tormented large swaths of Europe over the weekend,” setting hundreds of record highs. “Temperatures between 104 and 110 degrees (40 to 43 Celsius) were common from Spain to Germany,” but France was hit hardest by extreme temperatures that peaked on Saturday “when more than a dozen all-time records were set.”

 

New York Times (June 1)

2022/ 06/ 03 by jd in Global News

“While the United States of America seems to be coming apart, the United States of Europe — the 27 members of the European Union — have stunned everyone, and most of all themselves, by coming together to make a fist, along with a number of other European nations and NATO, to stymie Putin’s invasion.”

 

Wall Street Journal (April 26)

2022/ 04/ 27 by jd in Global News

“Worries about the war in Ukraine, China’s Covid-19 outbreak, a U.S. or European recession and surging global inflation are making a long-spurned asset increasingly popular with Wall Street’s top money managers these days: cash.” Increasingly asset managers “are looking to move funds into low-risk, cash-like assets. That marks a shift from recent years, when steadily climbing equity indexes trained investors to buy every dip and not miss out on gains by holding cash.”

 

Wall Street Journal (March 31)

2022/ 04/ 02 by jd in Global News

“China’s support for Russia is the most serious but far from only reason Europe is losing patience. Beijing has launched an economic war on EU member Lithuania over its upgraded ties to Taiwan. The Chinese Communist Party’s human-rights record remains abysmal. Bullying behavior during the Covid-19 pandemic and stonewalling of the origins investigation hurt China’s credibility. The question is what Europe will do beyond condemnations, token sanctions and the occasional lawsuit.”

 

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