Europe

The euro dropped to the lowest level in two decades on Monday after Russia abandoned a deadline to resume supply of natural gas to Germany through a key pipeline.

Russia state owned energy giant Gazprom has extended its pipeline shutdown indefinitely, missing its Saturday deadline to restart natural gas supplies to Europe.

The announcement did not include the level at which the price cap would be set, but G7 ministers said they would discuss details with international partners.

The European Union is criticizing the Inflation Reduction Act's tax credit for electric vehicles that requires final assembly to take place in North America.

The board chair of Russia's largest private oil company, Lukoil, has died. Russian news agencies reported Ravil Maganov fell from a hospital window in what may have been a suicide.

Europe's aggressive transition from fossil fuels to green energy sources like wind and solar have exacerbated its current energy crisis, forcing prices higher.

Following Mikhail Gorbachev's death, the former Soviet leader's Pizza Hut commercial demonstrates the leader's controversial career as he sought to westernize Russia.

Tesla is aiming to release fully autonomous vehicles by the end of the year, well ahead of CEO Elon Musk's previous schedule of May 2023. Regulation may slow the release.

A Russian-owned natural gas compressor station operated by Gazprom has been burning gas at an excessive rate amid gas shortages in Europe.

Citi expands its departure from Russia amid the war in Ukraine. Citi is one of many banks to leave the former Soviet Union because of its war of aggression.

European regulators are investigating Twitter over a whistleblower complaint made by a former head of security.

The euro fell below the dollar for the first time in 20 years. Cheaper European hotel and restaurant prices will benefit the American consumer traveling overseas.

Russia's attack on German energy leads to a return of the use of coal. Coal creates more carbon emissions than natural gas causing environmental damage.

The Russian state owned energy company Gazprom said it will shut its supplies to Europe off for there days at the end of August amid concerns over gas shortages.

Crude oil prices rose after it was announced that Russia is suspending crude oil exports through the Druzhba pipeline, blaming a Ukrainian transporter for shutting it down.

Hundreds of Amazon warehouse workers in southeast England are protesting over low wages and increased cost of living. Amazon has faced criticism from workers previously.

The bank has increased borrowing costs at six straight meetings of its monetary policy committee. It warned that the U.K will enter a recession later this year.