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Russian gas giant Gazprom makes £39m profit in North Sea

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Russian energy giant Gazprom reportedly earned €45 million from its North Sea Sillimanite gas field in the past year, as revealed in financial accounts. The Sillimanite field, situated in UK and Dutch waters, has been operational since 2020 and is a joint venture between Gazprom and German firm Wintershall. While the arrangement is not deemed illegal, criticism has arisen, particularly from UK Liberal Democrat leader Sir Ed Davey, who deems it “totally unacceptable” that gas from UK territory supports “Putin’s illegal war against Ukraine.” The UK government has pledged to escalate economic pressure on Russia, aligning with international sanctions aimed at restricting Russia’s funding for the conflict in Ukraine.

Gazprom International UK, a Gazprom subsidiary, reported a pre-tax profit of €45 million in 2022, with dividends paid to its immediate owner in the Netherlands. Although Gazprom executives, including CEO Alexei Miller, face UK sanctions, Gazprom itself is not directly sanctioned. The company continues to supply reduced gas volumes to continental Europe. Concerns have been raised about Gazprom’s financial activities, given its association with the Russian state, which is accused of financing militias engaged in the Ukraine conflict.

The UK government’s response to Gazprom’s financial activities in the North Sea has been met with criticism. Global Witness, a campaign group, described it as “an indictment of the UK’s approach to Russian oil and gas.” Despite the UK’s condemnation of the war, Gazprom’s subsidiary continues to operate in the North Sea, enriching Putin’s regime. The government spokesperson reiterated the commitment to denying Russia access to goods or technologies aiding its war efforts, vowing to intensify economic pressure until peace is secured in Ukraine.

Gazprom International UK’s financial disclosures reveal a total tax bill of €29 million, distributed between the UK and Dutch governments. This includes windfall taxes imposed in response to the surge in energy prices following the conflict in Ukraine. The company ceased its gas sale agreement with Wintershall, replacing it with a deal with the Swiss-based trading company Gunvor.

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News Trending

Olive oil price skyrockets as Spanish drought bites

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Francisco José García de Zúñiga, a farmer in Jaén, Spain, is facing a challenging harvest season due to consecutive years of drought in 2022 and 2023. Jaén is a crucial region for olive oil production, with Spain being the world’s largest producer, contributing to 70% of European Union consumption and 45% globally.

The persistent lack of rain in olive-producing areas like Jaén has led to a significant impact on both the quantity and price of olive oil. Mr García de Zúñiga emphasizes that Spain’s challenges affect global production, adhering to the basic law of supply and demand. As Spain produces less oil, global supply decreases, and if demand remains constant, prices rise.

In Spain, olive oil prices have surged by over 70% this year, following a substantial increase in 2022. Factors contributing to this surge include rising costs of fuel, electricity, and fertilizers over the past two years, but the primary factor is the extended period of drought. The Nuestra Señora del Pilar cooperative, one of the world’s largest olive oil factories, experienced a severely low olive harvest in the 2022-23 season.

Cristóbal Gallego Martínez, the cooperative’s president, highlights the impact of climate change on traditional agricultural assumptions. Dry periods are lasting longer, and the usual cycle of poor and good harvests is disrupted. He calls for government measures, such as investing in irrigation systems, to address the changing climate patterns.

The rise in olive oil prices is not limited to Spain, as it has been observed across Europe. Some neighboring countries have seen a less sharp increase, leading to Spaniards crossing borders to purchase slightly cheaper oil. The UK and Ireland, for instance, have lower prices due to having bought oil at a lower cost several months ago.

Despite the economic considerations, experts warn against opting for cheaper alternatives, as olive oil is a vital component of the Mediterranean diet, known for its health benefits. Lower-cost alternatives, such as sunflower oil, might lead to a loss in nutritional value. Fernando López-Segura, from Córdoba’s Reina Sofía hospital, underscores the cardiovascular benefits of consuming [virgin extra] olive oil, emphasizing the importance of maintaining its place in the Mediterranean diet. However, current consumption trends are influenced not only by health considerations but also by the unpredictable patterns of rainfall.

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News Trending

Europe to develop commercial space capsule

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The European Space Agency (ESA) is introducing a new competition to develop a robotic capsule for transporting cargo to and from the International Space Station, with the maiden voyage planned for 2028. This marks a significant departure from ESA’s conventional project management approach. The winning company will receive some financial support and technical assistance from ESA but must operate the capsule commercially. It will be responsible for partially funding the development and providing the re-supply service to ESA, which will act as the primary customer.

If successful, the company may be tasked with upgrading the capsule to transport ESA astronauts, and potentially, it could be adapted for missions to other destinations such as the Moon. A dedicated team within ESA has been allocated an initial budget of €75m to initiate the competition.

The concept was well received by ESA member states at a summit in Seville, Spain. This procurement model emulates the successful strategy employed by NASA, which transitioned to outsourcing space vehicle services to private companies, leading to the emergence of SpaceX. ESA hopes to replicate NASA’s access to faster, more innovative, and cost-effective space technologies.

Anna Christmann, a leading aerospace policy figure in the German government, emphasized the shift in ESA’s approach, stating that while public funding initiates such competitions, it attracts private investment. ESA member states have also committed to adopting this approach for long-term rocket procurement, as current European launchers are facing significant challenges.

The Seville summit also highlighted the role of satellites in aiding European nations’ net-zero goals, including using space data to optimize air travel routes and reduce greenhouse gas emissions. Additionally, ESA introduced the Zero Debris Charter to promote responsible practices in space operations. The UK is championing a new regulatory framework to incentivize responsible behavior and create a market for orbital debris removal services.

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News Sports Trending

UEFA Confirms UK and Ireland as Hosts for Euro 2028 Tournament

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In an announcement by UEFA, the United Kingdom and the Republic of Ireland have been confirmed as the hosts for the 2028 European Championship. This joint bid became the sole contender after Turkey withdrew to concentrate on a joint bid with Italy for Euro 2032, which was also approved.

The choice of the UK and Ireland for Euro 2028 followed their decision to step away from being Europe’s preferred candidate for the 2030 World Cup. Key venues for Euro 2028 are expected to include London’s Wembley Stadium, which is slated to host the final, and Cardiff’s Principality Stadium for the opening match.

While England has hosted major football tournaments before, this marks the first time that the Republic of Ireland, Northern Ireland, and Wales will host such an event. Matches are planned at various stadiums, including Glasgow’s Hampden Park and Dublin’s Aviva Stadium.

With this decision, Europe continues its tradition of sharing hosting duties, ensuring football’s reach and impact across the continent.

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France Unveils Proposal to Prohibit Single-Use E-Cigarettes

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France is poised to implement a ban on disposable e-cigarettes, known locally as ‘puffs,’ due to concerns about their impact on the environment and public health. Prime Minister Élisabeth Borne announced this move as part of a broader anti-smoking plan developed by the government, with the ban expected to take effect by year-end. Similar bans have been announced in several other European countries, including Germany, Belgium, and Ireland, with the UK also reportedly considering such a prohibition.

These disposable vapes, available at tobacconists in France for approximately €9 (equivalent to £7.70), claim to provide around 600 puffs, roughly equivalent to 40 traditional cigarettes. However, France’s National Academy of Medicine has criticized them as a ‘deceptive lure for children and adolescents,’ arguing that they instill smoking-related behaviors in young users.

Critics accuse manufacturers, many of which are based in China, of deliberately targeting teenagers with colorful designs and a variety of flavors reminiscent of a candy store, such as marshmallow, chocolate, hazelnut, watermelon, and ice candy. According to the Alliance Against Tobacco (ACT), 13% of 13-16-year-olds in France have tried disposable e-cigarettes at least once, with most starting around the ages of 11 or 12.

Campaigners argue that the ban is a significant victory, as disposable e-cigarettes serve as a gateway to smoking for young people. Loïc Josseran, ACT president, emphasizes the tobacco industry’s role in this trend, describing it as a deliberate effort to entice children.

Environmental concerns have also been raised, as disposable e-cigarettes contribute to ecological damage. In the UK, a study by the environmental organization Material Focus found that over one million of these devices were discarded weekly. French doctors and environmentalists have called disposable e-cigarettes an ‘environmental plague,’ citing their plastic construction, non-removable lithium batteries, nicotine content, and traces of heavy metals.

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Queen Letizia of Spain to be present at World Cup final against England

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Queen Letizia of Spain is set to travel to Australia to witness the World Cup final between England and Spain in Sydney on Sunday. Notably, no British royals will be present at the event.

The match marks the first-ever final appearance for both England’s Lionesses and the Spanish team in the women’s tournament. Although Prince William, the President of the Football Association, will support the England team from the UK, he has opted out of making the long-distance journey to Australia due to his focus on climate change concerns.

In contrast, Queen Letizia and her 16-year-old daughter, Infanta Sofia, will be attending the final, while King Felipe will be engaged in official obligations and won’t accompany them. The Royal Spanish Football Federation confirmed the queen’s participation, mentioning her prior visit to the team during training where she delivered a speech to the players and coaching staff.

Similarly, Prince William interacted with the Lionesses during training and awarded manager Sarina Wiegman an honorary CBE. Despite his absence from the event, Prince William is expected to watch the final on television. Both Prince William and King Charles conveyed their congratulations to the teams on their achievements and extended their best wishes for the upcoming final match.

Notably, England’s women had previously been awarded their medals by Prince William after winning the European championship, while Queen Elizabeth II had attended England’s men’s team’s World Cup final victory in 1966.

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Global Climate News Trending

Europe heatwave: Red alerts issued in 15 Italian cities

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Italy is currently experiencing extreme heat, leading to red alerts being issued for 15 cities, including Rome, Florence, and Bologna. This heatwave is part of a larger trend of increasing temperatures and longer heatwaves globally due to global warming.

The European Space Agency (ESA) predicts that Italy, Spain, France, Germany, and Poland may face extreme conditions, with potential record temperatures. Greece has already been experiencing temperatures of 40°C or higher, leading to the closure of tourist attractions like the Acropolis. There are concerns about the increased risk of wildfires in Greece and other areas with high winds.

Central parts of Europe, including Germany and Poland, are also affected by high temperatures. In contrast, the UK is experiencing heavy showers and cooler weather due to the southern shift of the jet stream. The current heatwave in Italy, named Cerberus, is expected to be followed by another heatwave called Charon, pushing temperatures above 40°C.

Heatwaves are also occurring in other parts of the world, including the US, China, North Africa, and Japan. The increasing frequency and intensity of extreme weather events due to global warming have become the new normal, according to the World Meteorological Organization.

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News Trending

Europe heatwave: Hot weather sweeps across southern Europe

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A scorching heatwave continues to affect several European countries, with temperatures expected to break records in the coming days. Parts of Spain, France, Greece, Croatia, Turkey, and Italy may experience temperatures exceeding 40°C (104°F), with Italy potentially reaching up to 48°C (118.4°F), which could be the highest ever recorded in Europe, according to the European Space Agency. A red alert warning has been issued for 10 cities, including Florence and Rome. Last month was reported as the hottest June on record by the EU’s climate monitoring service Copernicus.

The World Meteorological Organization (WMO) has warned that extreme weather events resulting from climate change are becoming the new norm. While periods of intense heat are part of natural weather patterns, they are increasingly becoming more frequent, intense, and prolonged globally due to global warming.

The heatwave has impacted tourists in Europe, with visitors experiencing symptoms such as nausea and dizziness in Athens. Efforts have been made to provide information on air-conditioned places for people to seek relief from the heat. Tragically, a man in Italy died from heat-related causes, and several visitors, including a British man in Rome, have suffered from heatstroke.

Authorities are advising people to stay hydrated by drinking at least two liters of water per day and to avoid dehydrating beverages like coffee and alcohol. Tourists in Rome expressed surprise at the extreme heat and stated they were trying to avoid going out during the hottest hours of the day. Some individuals emphasized the need for collective action to address climate change, urging governments and individuals to take responsibility and make changes such as reducing plastic usage, limiting air conditioning, and using electric cars.

The current heatwave, named Cerberus after the mythical three-headed dog from Dante’s Inferno, is expected to continue intensifying in the coming days. Spain has already experienced temperatures reaching 45°C (113°F), and the European Space Agency has predicted potential temperatures of 48°C (118.4°F) in Sicily and Sardinia, which could be the hottest ever recorded in Europe.

Additionally, other regions outside Europe, including parts of Canada, the United States, India, and China, have also witnessed record-breaking temperatures this summer. Sea temperatures in the Atlantic have reached record highs, while Antarctic sea ice is at its lowest extent on record. Furthermore, the development of El Niño, a weather pattern in the tropical Pacific, is expected to contribute to rising temperatures by an average of 0.2°C, exacerbating the effects of climate change, which has already increased average temperatures worldwide by approximately 1.1°C.

To put the current heatwave in historical context, scientists can analyze air bubbles trapped in ancient Antarctic ice, which suggests that the first week of July was the hottest week in around 125,000 years. During the Eemian period, which occurred over a million years ago, temperatures were estimated to be significantly higher, resulting in hippos inhabiting the Thames and sea levels being approximately 5 meters (16.4 feet) higher.

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News Politics Trending

The majority of UK lawmakers claim that Boris Johnson deceived the legislature

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354 members of the House of Commons vote in favour of a report from the COVID epidemic ‘Partygate’ incident that said the former prime minister lied about it.

A study that suggested punishing former British Prime Minister Boris Johnson for misleading the legislature about illegal, intoxicated parties hosted during the COVID-19 outbreak was approved by lawmakers in the country.

The report from the privileges committee, which recommended that the former leader should have his parliamentary pass removed, was approved by the House of Commons on Monday by a vote of 354 to 7. It would have also suggested a 90-day suspension from the legislature if he hadn’t already resigned.

Johnson abruptly left the House of Commons ten days ago after reading a draught of the report and branding the investigation a “witch hunt.”

Theresa May, a member of the Conservative Party and Johnson’s predecessor as prime minister, remarked, “It is important to show the public that there is not one rule for them and another for us.”

House of Commons Leader Penny Mordaunt urged lawmakers to “do what they think is right” as she opened the five-hour discussion. Mordaunt, a Conservative like Johnson, declared she will support the Commons Privileges Committee’s findings with her vote.

“This matters because the integrity of our institutions matter. The respect and trust afforded to them matters,” said Mordaunt. “This has real-world consequences for the accountability of members of Parliament to each other and the members of the public they represent.”

A few Johnson supporters stood forward to support the former leader. “I cannot see the evidence where Boris Johnson misled Parliament knowing, intentionally, or carelessly,” said MP Lia Nici.

Rishi Sunak, the prime minister of India, was among the several Conservative MPs who skipped the discussion. He remained aside out of concern for upsetting Johnson’s surviving fans.

The prime minister had “a number of commitments,” according to Sunak’s spokesperson Max Blain, including a meeting with the president of Sweden.

Johnson, who celebrated his 59th birthday on Monday, wasn’t either. He left his position as prime minister in September 2022, although he continued to serve as a member of parliament until June 9, when he resigned after learning of the Privileges Committee’s conclusions.

The debate on Monday was the most recent repercussion of the “Partygate” affair concerning events at Downing Street and other government facilities in 2020 and 2021.

When it was revealed that political staffers had birthday parties, garden parties, and “wine time Fridays” during the pandemic, it infuriated Britons who had abided by the regulations put in place to stop the coronavirus’s spread but were unable to visit friends and family or even say goodbye to relatives who were dying in hospitals.

In response to Partygate, Labour Party MP Chris Bryant claimed that “there is visceral anger” among people.

The Sunday Mirror newspaper’s publishing of a video this week of staff members dancing and drinking at a Conservative Party headquarters event in December 2020, when mingling between different families was prohibited indoors, brought back memories.

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Crime News Trending

Police in Nottingham have discovered the bodies of three persons

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According to police, a suspect has been apprehended for murder after at least three persons were discovered dead in Nottingham.

Officers said in a statement on Tuesday that a 31-year-old man was detained in the city on suspicion of murder after a van attempted to run over three others.

Initially, two persons were discovered dead in the city core. Police were summoned to another incident near where a van attempted to run over three persons shortly after 4 a.m. local time (03:00 GMT). They are receiving medical attention in a hospital.

Another man was discovered dead in a different road close outside the city core.

“This is a horrific and tragic incident that has taken three lives,” Chief Constable Kate Meynell said in a statement.

“We believe these three incidents are connected, and we have a suspect in custody.” “This investigation is still in its early stages, and a team of detectives is working to determine exactly what happened,” she continued.

“At this time, a number of roads in the city will remain closed as this investigation progresses,” she added.

According to Al Jazeera’s Nadim Baba, reporting from London, the local tram network has ceased all operations, however other modes of transportation remain operational.

“The police have not given us any more details about any motives of the suspect,” he added.

“Awful news for our city to wake up to today,” Nottingham politician Alex Norris tweeted. “Our community’s thoughts and prayers are with all those who have been affected.”

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