-
Stocks climb as oil prices retreat
-
'Gen Z has risen up': Tens of thousands demand better education in France
-
Vstock Transfer Names Securities Industry Veteran Erica Goodstein General Counsel and Chief Compliance Officer
-
$10 Million and Counting: Hola Prime Hits Major Trader Payout Milestone
-
Four Indonesian seamen return home after Somali pirate ordeal
-
UEFA investigate Ireland-Israel tunnel bustup after spitting claim
-
Crisis-striken Haiti postpones elections
-
Djokovic wins China Open and keeps unbeaten record after de Minaur retires
-
Germany arrests ex-spy chief on suspicion of giving secrets to foreign powers
-
Amsterdam's Rijksmuseum hosts 'homecoming' show for Willem de Kooning
-
Djokovic wins China Open after de Minaur retires
-
World Bank forecasts modest growth for Latin America, highlights climate risks
-
IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability
-
'Afraid for my future': Tens of thousands demand better education in France
-
Alcaraz wins Japan Open for first title since injury return
-
Pakistan PM urges Imran Khan supporters to end protest march
-
'We're working to keep football clean', Turkish minister says
-
Alex Bodi își continuă expansiunea: planuri pentru deschiderea unui showroom ALIX LASERS la București
-
FIFA chief Infantino hit by Norwegian double complaint
-
STARTRADER Adds 20 Stock and ETF CFDs to Its 24/7 Trading Range
-
Exiled Catalan separatist leader Puigdemont cleared to return to Spain
-
Bulgaria searches for missing crew after drones hit more Black Sea ships
-
Stock markets climb as oil prices retreat
-
Alcaraz wins Japan Open for first title since return from injury
-
'No future': Thousands mass in France for high school protests
-
India, Qatar, S.Africa among nations who want to host 2036 Olympics
-
Nobel physics prize honours work on 'ghostly messengers' from outer space
-
Muchova squeaks out win over Osaka to reach China Open quarter-finals
-
Bulgaria searches for missing crew after drones hit two more ships in Black Sea
-
Kenya reports first-ever Ebola death
-
Le Pen vows drastic cost savings to prevent French 'default'
-
Tennis world No.1 Sinner's season over due to knee injury
-
'Eats through a straw': French teens wounded in high school protests
-
Yemen's Houthis claim attack on Riyadh airport, deny losing territory
-
Thousands mass in France for high school protests
-
7-Eleven exits India amid mounting competition
-
Moscow denies sanitary measures over plague reports
-
The alleged murder by US marine on Okinawa: five things to know
-
Samoa look to recreate 2022 final run at Rugby League World Cup
-
End of an era as Messi prepares to hang up Argentina boots
-
Asian stocks mostly up after tech-led Wall St record
-
Superstar duo headline strong New Zealand squad for Rugby League World Cup
-
German factory orders plunge as recovery still fragile
-
South Korea warns of possible AI use in banking hacks
-
Coco Gauff calls out online racism following China open video review
-
EU vows AI rules will protect Europeans. Will they?
-
KVB Accelerates Middle East Footprint with Strategic MENA Regional Expansion
-
Myanmar leader to visit Malaysia after migrant returns begin
-
Purple reign: Philippines seeks to keep grip on ube throne
-
Germany's AfD poised to preside over state assembly for first time
EU to cut Russian gas use as missiles strike Ukraine
The European Union agreed to reduce gas consumption to break its dependence on Russia on Tuesday, as missile strikes on Ukraine's Black Sea coast cast doubt on a grain export deal.
The effort to help Germany wean itself off Russian gas for the winter came as Turkey announced a meeting in Russia next week between Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin.
Erdogan wants Turkey -- on good terms with both Moscow and Kyiv -- at the centre of diplomatic efforts to halt the five-month war, just as the EU took another big step to cut ties to Moscow.
The EU gas use cut, approved by energy ministers in Brussels, was hailed as an effective response to Russia's manipulation of its energy wealth as an economic weapon.
The plan nominally commits EU countries to reduce their gas use by 15 percent during the winter, although exceptions were carved out for some countries and Hungary rejected the deal as "useless".
"We have made a huge step towards securing gas supplies for our citizens and economies for the upcoming winter," said Czech industry minister Jozef Sikela, whose country holds the rotating EU presidency.
"I know the decision was not easy, but I think at the end, everybody understands that this sacrifice is necessary," he added.
Hungary was the only country to oppose the plan, which passed on a majority vote, further isolating Budapest as the only member state reluctant to go further against Russia.
"This is an unjustifiable, useless, unenforceable and harmful proposal that completely ignores national interests," said Hungarian Foreign Minister Peter Szijjarto.
The deal "serves purely communication purposes, and aims to save the credibility of some Western European politicians", he added.
- German 'mistake' -
Germany, the EU's economic powerhouse, is hugely dependent on Russian gas. Berlin takes a major share of the 40 percent of EU gas imports that came from Russia last year.
"It is true that Germany, with its dependence on Russian gas, has made a strategic mistake but our government is working... to correct this," German Economy Minister Robert Habeck said.
The plan asks member states to voluntarily reduce gas use by 15 percent -- based on a five-year average for the months in question -- starting next month and over the subsequent winter through March.
The target will be adapted to the situation of each country, taking into account their level of stocks and whether or not they have pipelines to share gas.
Exceptions were given for island states like Ireland, Cyprus or Malta and to Spain or Portugal, which have limited links to the interconnected gas supply grid.
Baltic countries will be exempted if their electricity connections with Russia's grid were to be cut.
In the final proposal, EU member countries also rewrote an earlier European Commission plan to give Brussels -- rather than the member states -- the power to impose gas use cuts in an emergency.
The regulation now foresees the possibility to trigger a "Union alert" that would make the target mandatory, but the decision would lie with member states, a statement said.
The deal landed a day after Gazprom said it is cutting daily gas deliveries intended for Europe to about 20 percent of capacity from Wednesday.
Gazprom claimed technical reasons for choking off supply, but EU Energy Commissioner Kadri Simson dismissed this claim.
"This is a politically motivated step and we have to be ready for that and exactly for that reason the pre-emptive reduction of our gas demand is a wise strategy," she said.
The extent of Russia's split with the West over Ukraine was also underlined by Moscow's announcement that it would quit the International Space Station after 2024.
Until now space exploration was one of the few areas where cooperation between Russia, the United States and its allies had not been wrecked by tensions over Ukraine and elsewhere.
The decision to leave the ISS programme "has been made", Roscosmos chief Yury Borisov told Putin.
- Strikes near Odessa -
Meanwhile, fighting continued in Ukraine. Kyiv said Russian forces launched multiple missile strikes at targets on the Black Sea coast near the southern port city of Odessa and in Mykolaiv.
The attacks come days after Russian strikes hit Odessa, calling into question a breakthrough deal to resume exports of grain from Ukraine, that have been disrupted by Moscow's invasion.
Rescuers were working on the ground near Odessa where "residential buildings" near the coast were hit in the strikes, Ukraine's southern military command said on Facebook.
C.Meier--BTB