Europe braces for a potential gas crisis as historic heatwave boosts demand
CNN
Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked demand for energy to help cool the continent's homes and businesses.
On Thursday, the Nord Stream 1 pipeline — a crucial artery linking Russia's gas to the bloc — is due to reopen after 10 days of routine maintenance work. But concern is building that Russia will keep the taps turned off in retaliation for sanctions the European Union has imposed since Moscow's invasion of Ukraine in February.
Robert Habeck, Germany's economy minister, said earlier this month that the country must "prepare for the worst."
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The European Union agreed Wednesday to phase out Russian natural gas imports by late 2027 as part of an effort to end the bloc’s decade-long dependency on Russian energy.
US wireless carrier AT&T said in a letter to the US telecoms regulator that it had committed to ending diversity, equity and inclusion programs, a move that comes as it seeks approval from the Trump administration to buy wireless spectrum assets.
Larry Summers has been banned for life from the American Economic Association, a professional organization for economists, with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein.
The US labor market has weakened over the course of the year as hiring has stalled across many industries. The national unemployment rate has ratcheted higher in the process, hitting 4.4% in September.
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Gas prices dropped below an average of $3 a gallon in the United States on Tuesday for the first time in four-and-a-half years.