European natural gas prices — which soared after Russia's invasion of Ukraine — have tumbled back to pre-war levels.
While Germany's inflation numbers were the largest year-on-year increase since the country reunited in the early 1990s, there was a glimmer of hope.
Over a shorter timeline, price increases seem to be slowing fast — from over 10% in October and November, to 8.6% in December — largely due to the impact of falling energy prices. That was partly because of a one-time payment of consumer utility bills in December, the government statistical agency said, but gas futures prices were also down roughly 50% over that period.the —
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine live briefing: Zelensky says Russia seeking to exhaust Ukraine; Russian military facility hitUkrainian President Volodymyr Zelensky said Russia is hoping to use Iranian-made drones in a prolonged air campaign that aims to exhaust the Ukrainian people.
Read more »
Live blog: Russia plans protracted drone campaign to 'exhaust' UkraineRussia is planning protracted campaign of attacks with Iranian drones to 'exhaust' Ukraine, says Zelenskyy as Russia-Ukraine conflict enters its 313th day Follow our live coverage 👇
Read more »
Swiss Startup URB-X Is Developing Elevated Bike Paths For European CitiesSwiss startup URB-X is developing elevated bike paths for use across European cities. The pilot project is set to be deployed in Stuttgart, Germany.
Read more »
European Parliament to waive immunity of two MEPs in corruption caseThe European Parliament said on Monday it had begun a procedure to waive the immunity of two of its members after a request from Belgian judiciary investigating a European Union-Qatar corruption scandal.
Read more »
Report: Terrell Hills PD tracked down child sex assault suspect in EuropeFlorentin Dita, 36, faces three child sex charges, one charge of publish/threaten to publish intimate visual material
Read more »
Tourism and Manufacturing Fight for the Future of Power in EuropeThe Ukraine war has spurred the EU to accelerate the shift away from natural gas to wind and solar power, but opposition is growing among those dependent on the region’s landscapes, cultural sites and tourism.
Read more »