Gas supply: How will Germany cope in winter?

The suspensions are the first since Russia insisted foreign buyers pay for gas in rubles. Both Poland and Bulgaria have said Gazprom are in breach of contact.

More European businesses in China are looking to shift their investments due to the country's strict coronavirus lockdowns, according to the European Chamber of Commerce.

As the World Economic Forum in Davos draws to a close, Business Editor Kate Moody gives us an update on the final day's agenda. The war in Ukraine and global food and energy security dominated discussions throughout the event. The head of the International Energy Agency (IEA), Fatih Birol, has told FRANCE 24 that it will be very difficult for Europe to move away from Russian gas because of its over-reliance on the country's supplies over the years.

The Czech Republic and Slovakia rely heavily on Russian gas imports. Now, the Ukraine war and skyrocketing gas costs have forced both countries to consider other energy sources.

A decree signed by Russian President Vladimir Putin stipulates that Western countries must start paying for gas through a Russian bank that will transfer foreign currency into rubles.

The German government is planning to expand the powers of its antitrust authorities. The move comes after recent measures to compensate for rising gasoline prices have turned into a profit windfall for oil companies.

Already-strained global gas supplies have been shaken once again. An LNG terminal in Texas will remain offline for longer than expected after a fire last week, while Russia's Gazprom has said it's cutting supplies to Europe by some 40 percent. Also in the show: investors look ahead to a possible 0.75% interest rate hike as the US Federal Reserve tries to rein in spiralling inflation, and farmers in Ukraine worry about this year's harvest.

"What a special moment," European Commission chief Ursula von der Leyen said after signing the gas memorandum. Europe is looking for alternate sources of energy since Russia’s invasion of Ukraine.

An Italian energy firm says the Russian company is slashing its deliveries by 50%. France's gas operator says it has not received any natural gas from Russia via its pipeline from Germany for more than a month.

Several cities in the country were thrown into darkness on Sunday, June 12 2022, following the collapse of the national grid for the sixth time in 2022. Here is how multiple national grid collapse is paralysing business activities in Nigeria.⁣

Without Russian natural gas, Germany will be facing an energy crisis. Coal, nuclear, fracking or renewable energy — what are the most realistic and climate-friendly options?

Germany has taken a step towards rationing natural gas by activating the second of three stages in an emergency plan. Officials say that since Russia reduced supplies, gas is now a "scarce commodity". Also in the show: the UK is hit by a second day of rail strikes over job security, pay and the rising cost of living, and high inflation in France prompts a boom in demand for camping holidays.