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Russian economy 'won't be as it was,' central banker says

The head of the Russian Central Bank warned Thursday that the country's economy faces pressure from abroad that could persist indefinitely, dampening hopes that conditions could return to what they were before Russia sent troops into Ukraine.

"It seems to me that it's obvious to everyone that it won't be as it was before," Elvira Nabiullina said at a session of the St. Petersburg International Economic Forum, an annual showpiece gathering aimed at investors.

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In energy-strapped Europe, coal gets a Greek encore

At Greece's largest coal mine, controlled explosions and the roar of giant excavators scooping up blasted rock have once again become routine. Coal production has been ramped up at the site near the northern Greek city of Kozani as the war in Ukraine forced many European nations to rethink their energy supplies.

Coal, long treated as a legacy fuel in Europe, is now helping the continent safeguard its power supply and cope with the dramatic rise in natural gas prices caused by the war.

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Conflicting reports on pace of Lebanon-Israel gas deal

Conflicting reports have emerged on whether Lebanon and Israel will manage to quickly reach a sea border demarcation deal in the wake of U.S. envoy Amos Hochstein’s visit to Lebanon earlier this week.

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Fayyad extends licensing deadline for gas exploration

Lebanon's caretaker energy minister has extended the licensing deadline for oil and gas companies to explore in the country's territorial waters until mid-December, to give more firms the chance to bid, state-run news agency reported.

The decision by the minister, Walid Fayyad, to extended the deadline of the second round of licensing until Dec. 15 followed a request by the Lebanese Petroleum Administration, the National News Agency said.

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Germany sees 'political' motive behind Gazprom gas cut

Russian energy giant Gazprom's decision to cut supplies of natural gas to Europe via the Nord Stream pipeline was "political", Germany's economy minister said Wednesday.

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Israel, EU, Egypt ink deal to boost gas supply to Europe

Egypt, Israel, and the European Union on Wednesday signed a deal to increase liquefied natural gas sales to EU countries, who aim to reduce dependence on supply from Russia as the war in Ukraine drags on.

The deal, stamped in a five-star Cairo hotel, will see Israel sending more gas via Egypt, which has facilities to liquefy it for export via sea, European Commission chief Ursula von der Leyen said.

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Gas price cap comes into effect in Spain, Portugal

An EU-backed cap on the price of natural gas used by power plants in Spain and Portugal came into effect Tuesday to ease the spiraling electricity prices in the two nations.

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UK airport chaos due to Brexit 'shambles', Ryanair boss says

Air travel chaos in Britain is purely down to Brexit "shambles" by hobbling recruitment at airports, Ryanair boss Michael O'Leary said on Tuesday.

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Musk to address Twitter employees for 1st time this week

Elon Musk will address Twitter employees Thursday for the first time since the billionaire and Tesla CEO offered $44 billion to buy the social media platform, the company said Tuesday.

Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday, saying they'd be able to submit questions in advance, according to The Wall Street Journal.

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Worries about S. Korean economy grow amid truckers' strike

South Korea's prime minister warned Tuesday that the disruption of cargo transport could cause "irrecoverable" damages on the country's economy, as a nationwide truckers' strike entered its eighth day.

About 6,800 truckers were rallying Monday at various sites across South Korea, continuing to trigger a delay in the shipment and delivery of key items like steels, cement, petrochemicals and tires, the Transport Ministry said in a statement.

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