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Coal comeback? Russia could force Europe’s hand

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Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies on Monday and even looking at burning more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled

Europe biggest buyers of Russian gas are racing to find alternative fuel supplies, and some may even turn back to coal.

With Europe and Russia at odds over the Ukraine war, some European leaders face the threat of an energy crisis this winter if gas stores are not refilled.

Italy’s Eni said it was told by Russia’s Gazprom it would receive only part of its request for gas supplies Monday (June 20).

That has pushed the country closer to declaring a state of alert which could lead to gas saving measures.

Germany has also faced lower Russian flows.

The country announced Sunday (June 19) it planned to boost gas storage levels.

It even said it could restart coal-fired power plants it had aimed to phase out.

Economy Minister Robert Habeck called the measure ‘painful’ but a ‘sheer necessity’.

Otherwise, he said, Germany could be ‘blackmailable’ at a political level.

Habeck is a member of the Green Party that has pushed a for a quicker exit from coal – which produces more greenhouse gases.

Russian gas flows to Germany through the Nord Steam 1 pipeline were still running at about 40% of capacity Monday.

Russia’s state-controlled Gazprom last week cut throughput along Nord Stream 1 – which is the main route supplying Europe’s largest economy.

It blamed the apparent return of equipment being serviced by Germany’s Siemens Energy.

But German and Italian officials have said Russia was using that as an excuse to reduce supplies.

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When London’s Heathrow airport is set to end daily passenger limits

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London’s Heathrow airport is set to end its daily passenger limits on departures

Ending at the end of this month, The Wall Street Journal is reporting that airlines have already been told about the changes.

Of course, this follows a turbulent summer of travel in the northern hemisphere, where staff shortages have plagued the sector.

To deal with the staffing crisis, Heathrow capped the number of passenger departures at 100-thousand a day.

But the cap was extended from July into October in a desperate bid to limit queues and baggage delays.

The sector has been crippled by the pandemic and labor shortages, with many airports and airlines struggling to hire enough staff to deal with the increased demand.

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Hacking saga hits Australia’s biggest telco

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As millions deal with the fallout from the Optus data breach, a third party company has leaked the information of Telstra employees

Up to 30,000 names and email addresses of past and present Telstra staff were uploaded online.

It’s understood it’s the same forum where an Optus breach was shared last week.

While no customer data has be lost, Telstra says it is aware of the breach, which contains employee information from 2017.

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Government-backed crypto could threaten the U.S. economy, report finds

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Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

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