Time and money are largely interchangeable terms. - Winston S. Churchill

Europe

Italy's Enel closed the sale of its stake in Enel Russia

Italy's Enel closed the sale of its stake in Enel Russia

The transaction amounted to 137 million euros. The buyers were Lukoil and Gazprombank-Fresia Fund, which bought 26.93% and 29.5%, respectively. In total, Enel sold its entire 56.43% stake. The deal included Russian generating assets, including about 5.6 GW of conventional generation and about 300 MW of

VPN services continue to be blocked in Russia

VPN services continue to be blocked in Russia

Roskomnadzor regularly adds to the list of VPN-services blocked in Russia. According to unofficial information, the agency may add at least 10 more products to the list. Among them: Cyberchost VPN, Mcafee VPN, Quark VPN and others. The Office said that it monitors the activities of such companies and blocks

Nigerian oil stolen at "unprecedented" rate

Nigerian oil stolen at "unprecedented" rate

Authorities discovered an illegal pipeline at one of the country's main oil export terminals, through which oil has been stolen for more than 9 years. The four-kilometer-long pipeline is located at the Forcados terminal. "Oil theft in the country has been going on for more than 22 years, but the

The labor market is strong: Unemployment in Great Britain has reached its lowest level since 1974

The country's unemployment rate currently stands at 3.6 percent, a figure that was expected to be 3.8 percent. The situation is similar to the U.S. model, where the labor market looks strong at the risk of recession. However, the U.K. situation is much closer to recession.

EU unlikely to cap price of Russian gas - document, The Guardian

EU unlikely to cap price of Russian gas - document, The Guardian

The new EU bill to combat the energy crisis does not include measures to cap the price of gas. The document only includes an innovation in the form of a tax on excess profits of energy companies. The EU cannot agree on a price ceiling because some EU countries are

Portugal refused to issue "golden visas" to all Russians, - Publico

Portugal refused to issue "golden visas" to all Russians, - Publico

Portuguese "golden visa" - a program for immigrants who invest in real estate worth 500 thousand euros or create 10 jobs in Portugal. The Service for Foreigners has received 10 requests for a "golden visa" from Russian citizens since the beginning of the EAS. All applications have been rejected. Over

Nigeria to increase LNG supplies to Europe in 2023 - Nigerian Oil Minister

Nigeria to increase LNG supplies to Europe in 2023 - Nigerian Oil Minister

Nigeria will triple its gas production from 206bn cubic meters to 600bn. In addition, Nigeria will build a pipeline through Algeria, which will deliver gas directly to Europe.

Business activity in construction in the UK unexpectedly rises

Business activity in construction in the UK unexpectedly rises

The business activity index rose to 49.2 compared to 48.9 last month and 48.1 was expected. The U.K. economy has been stronger than European countries. Developers in the UK were not much affected by the energy crisis. At the same time, they are optimistic about the

Even with 95% of Germany's gas reserves, there will only be enough gas for 2-1/2 months unless Russia resumes supplies, says Klaus Müller, President of the German Federal Network Agency

Even with 95% of Germany's gas reserves, there will only be enough gas for 2-1/2 months unless Russia resumes supplies, says Klaus Müller, President of the German Federal Network Agency

At the moment, Germany's natural gas storage facilities are 86 percent full. Germany's dependence on Russian gas has a strong negative impact on the economy. Today the business activity data came out, which confirms these arguments. Gas prices will potentially rise throughout the fall and winter season. This is a

Germany's economy slows down

Germany's economy slows down

The composite business activity index declined to 46.9 from 48.1 a month earlier. The main reason for the slowdown was a sharp rise in energy prices. On top of that, supplies via the Server Stream have been halted due to equipment malfunctions. And gas prices may exceed $4,