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The Latest Breaking News from Bruegel

European elections leave markets jittery: What do far-right gains mean for EU?

A cloud of uncertainty is hovering over Europe this June in the wake of the European elections. In France, the National Rally party of Marine Le Pen dominated the polls to such an extent that President Emmanuel Macron immediately dissolved parliament and called for new elections. The possibility of seeing…

France 24

Europe and the US should work with China. Joint climate action could be a win-win

From deals on electric cars to solar panels, all sides could benefit from the global green energy transition, says Simone Tagliapietra of the Brussels-based thinktank Bruegel

The Guardian - UK

Collapse & chaos: SVB, Signature Bank failures spark global panic

Is America facing a banking crisis? As regulators try to stem the fallout from the collapse of Silicon Valley and Signature Banks, we look at the risks for the rest of the system. Kate Moody speaks to economist Nicolas Veron from the Peterson Institute for International Economics and the European…

France 24

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Europe leaps towards energy autonomy as sanctions undercut Russia

Moscow has waged an energy war against the EU over the past year, but the bloc appears to be holding firm.

Al Jazeera

How Putin’s plans to blackmail Europe over gas supply failed

Within eight months of Russia invading Ukraine, the EU’s 27 states had replaced about 80% of the natural gas they used to get from Moscow

The Guardian - UK

Winter not over, but Europe braces for the next one

Paris (AFP) - Europe has weathered the energy crisis that followed Russia's invasion of Ukraine so far, but businesses and households are already thinking about how to get through the next winter.

AFP

Top energy historian says oil prices could go anywhere next year, it all depends on 3 factors

It's anyone's guess where oil prices go next year, but these three factors are likely to be critical.

Fortune

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Heat will stay on in Europe this winter, but after?

Paris (AFP) - Europe is likely to scrape through this winter without cutting off gas customers despite reduced Russian supplies, but even adjusting to colder homes and paying more may not be enough in coming years, analysts say.

AFP

Why sanctions against Russia aren't working — yet

When sanctions were enacted against Russia in February of this year, many forecasts were of an imminent collapse in the Russian economy. A new report looks at why that hasn't happened.

WEKU

Russia abandons Kherson city and digs in farther east

In the 37th week of Russia’s war in Ukraine, Russia announced a troop withdrawal from the southern city of Kherson.

Al Jazeera

Europe throws billions at energy crisis

Paris (AFP) - Almost every week now, European governments are announcing emergency measures to protect households and businesses from the energy crisis stemming from Russia's war in Ukraine.

AFP

European governments spend half a trillion euros on energy crisis - report

Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday.

Reuters

Data | India, China help lift Russia’s post-war crude oil exports

Only 1% of India’s crude oil imports came from Russia in the past five years

The Hindu

Could a cartel of large energy consumers cut oil and gas prices?

Italy’s PM Mario Draghi suggests big consumers club together to limit how much is paid and raises idea of EU gas price cap

The Guardian - UK

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Asharq Al-Awsat

Microsoft Announces Changes after Cloud Computing Complaints

Microsoft, which had been fined 1.6 billion euros ($1.7 billion) by EU antitrust regulators, will revise its licensing terms and allow cloud service providers to better compete in response to complaints, its president Brad Smith said on Wednesday. The company was taking the first step but not the last to…

The Independent UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

The European Union's executive commission has proposed phasing out imports of Russian oil within six months

Al Jazeera

Russian gas crisis: 5 things to know about Europe’s supply

Russia is cutting gas supplies to Poland and Bulgaria, and is threatening to cut off other countries in Europe.

The Independent UK

EXPLAINER: What's behind Russia's natural gas cutoff?

Russia's playing hardball on natural gas

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The Independent UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

Europe is discussing a boycott of Russian oil over the Kremlin's invasion of Ukraine

The Independent UK

What would a shut off of Russian gas mean for Europe?

Using analysis by Brussels-based think tank Bruegel, we explore the impact and options for Europe.

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