Belgian PM tells EU to ‘stop the bleeding’ of energy prices as country unveils new measures

Belgian Prime Minister Alexander De Croo called on the EU to “stop the bleeding” of high energy prices Wednesday as he unveiled new national measures to curb costs for consumers and conserve resources. “In Europe, we should only have one priority,” De Croo told a press conference. “It is only…

Sun, sand and votes: Italy sweats over summer election campaign

Press play to listen to this article TUSCANY — Spending the whole of August at the coast is practically an Italian birth-right. But following the surprise collapse of Mario Draghi’s government in July, Italy is holding autumn elections for the first time in more than 100 years — leaving politicians with precious…

Europe’s plans to replace Russian gas are deemed ‘wildly optimistic’ — and could hammer its economy

A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters The European Union’s best shot at replacing Russian gas imports this year is likely to miss the mark, analysts predict, exerting further pressure on the region’s economy. The EU plans to replace two-thirds of Russian…