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More than 1,600 bus drivers at London United secure 10% pay rise – union

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – A British workers union said it has secured a 10% pay rise for 1,600 bus drivers at transport company London United after four days of strikes last month led to further talks with the employer. “This was a hard fought victory. … Read more

Europe burns cash to help businesses in energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices have soared amid Ukraine crisis Utilities face liquidity crunch Germany will ‘do everything possible’ to help firms Russian mobilisation triggers oil price jump BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain said it would halve energy … Read more

Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures … Read more

Pelosi condemns Azerbaijan’s attacks on Armenia

Register now for FREE unlimited access to Reuters.com Register Pelosi blames Azerbaijan for starting conflict Azerbaijan says Pelosi endangering peace in Caucasus Azerbaijan says Pelosi’s remarks unacceptable Pelosi lauds Armenia’s ‘Velvet Revolution’ U.S. listening to Armenia on defence, Pelosi says TBILISI, Sept 18 (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi on Sunday strongly … Read more

EU races to shield industry as Russia gas stoppage shakes markets

European gas price up about 400% on a year ago EU states race to support struggling power firms Disruptions hinder EU efforts to fill storage EU says Moscow weaponised gas, Russia blames sanctions LONDON/OSLO, Sept 5 (Reuters) – European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows … Read more

EU gas price rockets higher after Russia halts Nord Stream flows

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register European gas price up about 400% on a year ago EU states have triggered emergency gas plans Disruptions hinder EU efforts to fill … Read more

California temperatures soar to new records, adding strain to power grid

Register now for FREE unlimited access to Reuters.com Register Sept 4 (Reuters) – Record high temperatures were expected in California’s Central Valley from Sacramento to outside of Los Angeles on Sunday, with officials warning that the dangerous heat wave could afflict the state through the end of the week and test the limits of the … Read more

Russia deepens Europe’s energy squeeze with new gas halt

Register now for FREE unlimited access to Reuters.com Register Outage for maintenance on Nord Stream 1 pipeline No flows to Germany 0100 GMT, Aug. 31 – 0100 GMT, Sept. 3 European governments fear Moscow could extend the outage German regulator: we are saving gas, must keep doing so Siemens Energy: not involved in maintenance work … Read more

Ukraine narrowly escapes nuclear catastrophe as plant loses power, Zelenskiy says

Regular power line to Zaporizhzhia plant working Nearby fires had disrupted power link Work ongoing to reconnect two working reactors to the grid Fighting continues in east and south KYIV, Aug 26 (Reuters) – Ukrainian President Volodymyr Zelenskiy said the world narrowly avoided a radiation disaster as electricity to Ukraine’s Zaporizhzhia nuclear power plant was … Read more

Exxon, Chevron post blowout earnings, oil majors bet on buybacks

High prices, margins lift majors to best quarters in history Exxon earnings surpass previous record set in 2012 July 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for … Read more