News

EU moving back to coal amid Russian gas crisis

Published

2 years ago

June 23, 2022

William Howard

There are fears for European residents after the E-U was told to prepare for Russia to turn off all gas exports to region

EU officials say a tight gas market and soaring prices has left no option but to seek alternative fuel sources.

Flows through through the Nord Stream 1 pipeline have been cut to 40% of capacity, following increasing sanctions on Moscow.

Individual governments are now attempting to soften the blow for their nation’s people, with Italy approving a $3.5 billion package to bring down energy bills.

The International Energy Agency says Europe must replace Russian energy supplies while boosting efficiency and renewables, including nuclear power.

Germany, Italy, and the Netherlands have all indicated coal-fired power plants could fix supply gaps.

This comes despite Germany preparing to host a Group of Seven summit, reaffirming climate change commitments.

Related Topics:COAL eu Featured Politics trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

6 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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Will Tesla’s supercharger layoffs eventually payoff?

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6 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

2 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity