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Europe’s near-term natural gas supply glut means more fuel for Asia this winter. Liquefied natural gas (LNG) suppliers are already looking to redirect shipments to Asia for delivery from November onward due to more attractive prices. Asia LNG spot prices jumped above the European gas benchmark for the first time since June earlier this week. This is a reversal: For much ...

Germany is preparing for a worst-case scenario in which it needs to double financial aid to Uniper SE, the nation’s biggest gas supplier, to $60.14 billion. Uniper’s financial situation is worsening with an expected adjusted net loss of $3.2 billion for the first nine months of the year as it buys more expensive wholesale gas to meet supply contracts after ...

The US health-care system needs more nurses. Nursing schools aren’t producing enough graduates, young workers are quitting, and older ones are retiring early. Throughout the pandemic, widespread shortages reduced the quality of care and even cost lives. To bolster the workforce and better prepare for the next crisis, the US must invest in its domestic pipeline and clear hurdles for ...

Rachel Sanderson If Giorgia Meloni had expected a straightforward passage to becoming Italy’s first woman prime minister, she hadn’t counted on her coalition ally Silvio Berlusconi’s enduring desire to control. Italy’s three-time premier started undermining her far-right government even before its ministers were named. But Meloni has something to learn from Berlusconi too. He provides a cautionary tale for all ...

Brazil’s presidential race is still tightening according to a new opinion poll that takes into account voters most likely to show up on election day. The Quaest poll published Wednesday followed a trend seen in other surveys this week that showed President Jair Bolsonaro’s overall momentum fading, but it also gauged the possible impact of abstention rates on Sunday’s runoff ...

German Chancellor Olaf Scholz and French President Emmanuel Macron met in Paris Wednesday to try and iron out wide-ranging tensions from energy and economic issues to the future of European defense. A Macron aide said the two leaders were set to discuss defense, macroeconomic issues and energy over a working lunch at the presidential palace. They had no plans for ...

Russia carried out military exercises simulating a retaliatory nuclear strike as President Joe Biden warned Vladimir Putin that any use of an atomic weapon would be an “incredibly serious mistake.” As he oversaw the drills, Putin was told by his defense chief that the maneuvers on Wednesday were meant to simulate a “massive nuclear strike” in response to an attack, ...

Abu Dhabi / WAM  HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, discussed during a phone call with James Cleverly, UK’s Secretary of State for Foreign, Commonwealth and Development Affairs, the friendship relations, bilateral relations and ways to enhance them for the mutual interest of both friendly countries. The two sides reviewed the latest ...

Abu Dhabi / WAM The Ministry of Finance (MoF) released on Tuesday the preliminary government finance statistics data for year 2021, in accordance with the criteria of the Government Finance Statistics Manual issued by the International Monetary Fund (IMF). This comes in line with the Open Data Policy set by the UAE. During 2021, the revenues at the federal level ...

Abu Dhabi / WAM Masdar on Tuesday announced it has acquired the UK-based battery energy storage system (BESS) developer Arlington Energy. The acquisition will enable Masdar to expand its presence in the UK and European renewable energy markets and support countries’ net-zero objectives. Based in London, Arlington Energy has a proven record in developing, building, operating and financing flexible energy ...