but it is unclear of this latest move by the use. energy ministers can turn the tide of exploding energy prices just over a year ago and august 20, 211 megawatt hour cost, around $83.00 euros on the european market. now it's tough to $464.00 euros. the jump was caused by the massive increase in natural gas prices, which is a critical fuel for european power plants. according to figures of the organization for economic cooperation and development, we see d. the price a spike in natural gas is the main factor driving energy costs higher across the market. while the price of running natural gas power plants is the rise, the production cost for renewables remain largely unchanged. but businesses and consumers are still paying higher prices for power produced by environmentally friendly sources, resulting in large profits for energy firms. all right, let's get more of this from alex cobham. he is the head of the tax justice network, a group aiming to highlight and come back. tax avoidance, welcome to the w alex. let's take a look at what energy ministers have been agreeing on. so a levy on fo

especially during a time of economic uncertainty >>> sticking with europe energy ministers holding an emergency meeting today to discuss the energy crisis and measures to mitigate record high prices >>> plus, the biden administration worried that prices on the home front are heading higher weighing a release from the petroleum reserve. >>> and later on, details on elon musk, twitter and massive payments to a whistleblower. it is friday, september 9th, 2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan let's kick off with stocks looking to keep the win streak alive and build on two days of gains. it's not a lot it's a start futures are strong and right now just about near session highs. if you check out what is happening, the major averages, s&p is implied higher by 30 points dow jones industrial average higher by 325. nasdaq roughly higher by 18. solid in the green now for the three in three indices. in the bond market, yields have been trending higher if you look right now, you will see a little bit of stability here the 10-

you energy ministers has struggled to reach a consensus on how to tackle the blocks energy crisis at an emergency meeting in brussels. have been trying to find ways to shield citizens and businesses from spiraling gas and electricity bills, including consumption, cuts and price caps. european governments are increasingly concerned at rising costs could lead to social unrest and political instability. prices arising sharply across europe. as russia chokes off, gas supplies over sanctions imposed in reaction to its invasion of ukraine. natasha butler has more from brussels or the type republics energy ministers. sony set the tone for this meeting or when he arrived here in brussels. he said that it is very clear that the european union is in an energy war where the russia will energy ministers talked about ways that they can try and do more to shield our consumers and businesses from spiraling energy called costs. they talked about a number of areas. they identified a number of key areas including capping electricity produces revenue or solidarity levy for fossil fuel producers. a mand

thank you very much for all your reporting european union energy ministers meeting in brussels, where they're expected to announce a wind full tax on fossil fuel suppliers. the energy companies may be forced to give back a share of their excess profits and from recent record prices, e. e use energy chief wants the block to consider putting a cap on the price, paid for rushing gas energy costs. and general inflation of skyrocketed since russia launched its attack on ukraine. over to d, w correspond jack barrack, who's closely following those talks forest jack, what's on the table at today's me? hi, bimbo, it's an interesting one. i think today is actually probably more about what's not on the table at this meeting. and that is the suggestion of an all i price cap on imports of gas. this is become a real difficult issue for you. energy ministers on the way in the check. a minister kayla who is the chair of the meeting check check. he is currently the, the rolling presidency of the, of the european council. he said that they can't talk about a cap specifically on russian gas import. beca

we're the czech republic, energy minister certainly set the tone for this meeting or when he arrived here in brussels. he said that it is very clear that the european union is in an energy war with russia while energy ministers talked about ways that they can try and do more to shield our consumers and businesses from spiraling energy called costs. they talked about a number of areas. they identified a number of key areas including capping electricity produces revenue or solidarity levy for fossil fuel producers. a mandatory reduction in energy consumption drink a peak hours across the european union, and also the possibility of a price cap on gas imports from russia. we need to make sure that we will not lead the down our citizens and businesses when put in started his energy war. he expected to divide us and damage our democratic society center economies. he did and to will not succeed. police governments are increasingly concerned that the rising energy cost could feed into people's frustrations already hate by inflation the cost of living, and that we could see social unrest in th

what is the outlook for energy minutes -- ministers? how much does the price materially help? maria: there is a lot behind-the-scenes and the meeting now started. we have heard just a few moments ago from the energy commissioner who repeated in her view, there needs to be a russian cap on guest immediately. she also said something interesting. she mentioned that countries with which we can negotiate, partners to bring down prices immediately. the issue is that that is her view and the proposal put forward by the commissioner, but this is a europe and you need everyone to agree on this. there is tension in the way we should go about this and there is no consensus for the time being for any cap whatsoever to come out of this meeting. the other interesting thing is the response to the mega package that was announced yesterday by germany. that's also creating tensions behind the scenes, some suggesting that germany is going at it alone in the opposite of the solidarity message that the european and wants to send. francine: are they acting as one, is the million-dollar question. mar

this is one of the issues that are supposed to be discussed at the meeting of energy ministers on september. you and we are working on a mandatory energy savings mechanism for member states and on friday the energy ministers will discuss the introduction of a gas price ceiling. i am sure there will be different opinions in this discussion, but we will be able to come to the basis for a common final agreement to introduce a cap on gas prices. i would like to point out that it is not approach this event with unrealistic expectations that these price caps will automatically return energy tariffs to pre- war levels. in ukraine, the process will be gradual, but it is extremely important to start it. but according to the agency, the price ceiling will be discussed not only for russian gas, another option for limiting the price of this fuel in the production of electricity, in order to reduce its cost , spain and portugal have already been forced to switch to a similar scenario western media accused russia of what happened kramatorsk, foreign journalists, filming this number and rockets, proved th

that's what the european commission is doing today at an emergency meeting of energy ministers. it is expected to propose five urgent measures to combat the energy crisis, one of the notorious price ceiling for russian gas is still being discussed, but according to the politician's publication, it is 520 euros per 1,000 cubic meters. that is four times lower than the market. experts, however, consider this venture to have consequences that will only further harm the europeans themselves, as in the case of their own initiative to tie contractual gas prices to the exchange market. if the previous system had been preserved, then this would not have happened, yes, that is, prices would still be tied to valuable oil there. and now the european prices for gas, but they are, in fact, traded, as if, uh, oil prices are in the region of 350-400 dollars per barrel, and now oil prices, and hmm, are below 90 dollars per barrel, respectively, if the old peg remained, then prices well, there would be 3-4 times less there. the ceiling on russian gas prices is not in the interests of europe and h

this is one of the issues that are supposed to be discussed at the meeting of energy ministers on september 30th. you and we are working on the mechanism mandatory energy savings for member states and on friday the energy ministers will discuss the introduction of a gas price ceiling. i am sure there will be different opinions in this discussion, but we will be able to come to the basis for a common final agreement to introduce a cap on gas prices. i would like to point out that we should not approach this event with unreasonable expectations that these price caps will automatically return energy tariffs to pre- war levels. in ukraine, the process will be gradual, but it is extremely important to start it. well, how according to the agency, the price ceiling will be discussed not only for russian gas, another option for limiting the price of this fuel in the production of electricity, in order to reduce its cost , spain and portugal have already been forced to switch to a similar scenario. they are used to watching the video stopped working. and cartoons educational programs and documentari

today in brussels, the energy minister is meeting at an unscheduled meeting, the main agenda of whicheduce high energy prices, as well as the possibility of introducing a price ceiling specifically for russian gas. experts believe that such a decision cannot be made, because for this it is necessary to obtain approval from all participating countries of the danik union an interesting story thanks to the disputes in the eu over the introduction of e, the price ceiling for russian gas , nikoinkova told. well, the eu council finally approved the decision to suspend. uh, the simplified visa regime with russia, as reported on the organization's website, the document has come into force. today , but it will be applied starting from monday, in fact, what does this mean? what about the new week visa fee. e will increase from 35 to 80 euros . visa processing will increase by at least 15 working days multiple entry visas will generally be issued very rarely, but in the meantime, in accordance with the current agreement, russia must receive a written notification. about its suspension no later t

energy ministers gathered in brussels, as the bloc tries to tackle the energy crisis. on the agenda is energy security and a potential cap gas prices. this comes after damage to the nord stream pipelines, what nato calls an active sabotage. joining us from brussels is maria tadeo, what is the outlook for energy ministers, how much does the price leave help? maria: when you mention price relief, that is a good point. if you look at wholesale gas prices, they hit a record at the end of august. this promise of verbal intervention from the european authorities did take some of the heat down. so prices have stabilized compared to those highs. but still this is a lot of pressure for countries across europe that continued to say we are paying too much, this is feeding into inflation and could lead to social tension, we still need more measures. you alluded to the perennial story, and just to remind everyone because this gets complicated, sometimes i get lost in the many caps the european union is flooding. you have a potential wholesale gas cap, for all gas. and the russian o

and let's cross to paris. natasha butler has more illness in energy ministers have agreed on 3 measures. they say will help reduce energy bills in the european union. they won't implement a power saving measures. they measures that would force, for example, companies and businesses to reduce consumption. they also want to implement a winful tax for some energy companies that have been making enormous profits during this energy crisis. and thirdly, a solidarity tax on fossil fuel companies. the idea is that the extra money from these taxes would go into helping a poor household across the european union. now the check energy minister, the hosted this meeting in brussels, said of course with winter looming. there is a real sense of urgency. he said that you simply doesn't have the luxury of time not to do anything. we are in energy war with russia, which all is all strongly affects our industry, farther origins and coordinate the action is needed when in terms of further action, energy ministers are also considering the idea of putting in place a price cap on or gas coming into the europe

they consider at a meeting of energy ministers on friday. on to keep the nord stream pipeline shut is bringing new urgency to europe. indonesia has raised fuel costs to ease the burden of a government energy subsidy budget. the price of the most commonly used gasoline is increasing by more than 30%. president joko widodo says state funds must be used widely, with most of the subsidies going to people who own cars. voters in chile have rejected a constitution that prioritizes social rights and the environment. almost 53% rejected the proposed document. investors have been closely watching the outcome in one of latin america's richest nations. cyrus mistry, the heir to one of india's most largest fortunes , has died in a crash. he was the chairman of the crowder fund from 2012 to 2013. those are your first word headlines. juliette: u.s. climate envoy john kerry says that the russian president has weaponized fuel. he says the war is taking attention away from the global energy crisis. the former secretary of state also talked about the climate t

, looking for ways to combat the energy crisis in brussels will host an emergency meeting of energy ministers. what measures will be proposed? anna kikina is preparing for her first flight into space. training will take place in the united states ahead of scientific discovery and experiments. three -day elections started in russia today. this year, the subjects of the federation received the right to decide independently. how long to extend the approvals today begins in 26 regions of the country, the 2022 elections are held at various levels of whom? where, how and when to choose. now i’ll tell you more so let’s start with the election of the heads of the region, a single voting day, on september 11 there will be voters of leaders from 15 subjects at once, and in 14. these are direct elections vladimirskaya tambovskaya yaroslavl tomskaya kirovskaya saratovskaya ryazanskaya kaliningradskaya novgorod and sverdlovsk regions, in addition to the republic of mari el buryatia udmurtia and karelia but in adygea, the new head is determined by voting in parliament, experts believe that it is interestin

eu energy ministers are preparing for an emergency meeting on friday where a number of special measuresin in soaring prices will be discussed. for more, we are joined by our energy reporter. let's start with the dramatic news that nord stream will not be reopening after we reported that it would be carried walk us through what this means for gas supplies in europe. and how well positioned europe is to withstand the shock. >> nord stream is the biggest pipeline to europe for natural gas supplies from russia. it was only operating at 20% capacity but they needed that because germany, france and other countries wanted to refill their inventories to higher levels. without this flow, and it is likely it will not be restarted through winter, without this online, it raises the risk of gas rationing across the region. of course, germany has inventories at 95% but it is not enough to get through the winter. it puts the region in a difficult position. tom: what are the measures that officials in russells are considering as they lead up to this emergency meeting on friday? >> they are looking at t

for the chuck republics, energy ministers certainly set the tone for this meeting. or when he arrived here in brussels, he said that it is very clear that the european union is in an energy war with russia. well, energy ministers talked about ways that they can try and do more to shield our consumers and businesses from spiraling energy, cold costs. they talked about a number of areas. they identified a number of key areas including capping electricity produces revenue or solidarity levy for fossil fuel. produces a mandatory reduction in energy consumption, drink a peak hours across the european union, and also the possibility of a price cap on gas imports from russia. we need to make sure that we will not let down our citizens and businesses when put in started his energy war. he expected to divide us and damage our democratic society, sent economies he did, and will not succeed. police governments are increasingly concerned that the rising energy costs could feed into people's frustrations already hit by inflation, the cost of living, and that we could see social u

this is a long-term trend is a nation we i energy ministers? it is. ove towards. . ._ alternatives in the 30s and 40s we move towards... do we have, do you think the technology _ move towards... do we have, do you think the technology is _ move towards... do we have, do you think the technology is already i think the technology is already available to make this transition or are we dependent on technologies that we have not yet discovered? irate that we have not yet discovered? we tend that we have not yet discovered? - tend to say that half the technologies that we need to reach net zero are not yet ready. and that means that either they are not commercially competitive with existing solutions, or in some cases they have not been invented yet. so thatis they have not been invented yet. so that is really what we see with the two organisations meeting here. mission innovation is focusing on the component of developing those cheaper and longer term technologies that can help this decade. and the clean energy ministerial site is focusing on deploying, dep

said an oil leak needed to be fixed before resume russia will fix more oil to asia the country's energy minister warned of further volatility of energy prices. this comes after brussels recommended a cap on gas prices according to the financial times. g7 countries agreed on a price cap scheme last week >>> and france is ready to send gas to germany in needed in exchange for electricity going the other way. details will be flushed out in the coming weeks according to olof scholz who said france would need help from neighbors because of technical issues with the nuclear power plants the french president said this is a show of solidarity as he called for a 10% reduction in the energy use in coming weeks >> translator: germany needs our gas and we need the electricity produced in europe and in particular from germany. why? this has nothing to do with the conflict in russia, but linked to a short-term phenomena where the nuclear power plants in france led the supervisor and safety authority to perform maintenance on them. so we have more nuclear power plants which are under maintenance than expected.

k. prime minister liz trust has announced a plan to tackle europe the energy crisis. does she immediately face backlash or opposition? politicians who say the proposal would fail to help ordinary people. it seems that the government has decided to deal with this energy crisis of the facts of ordinary hard working with 150 years worth of golf under the grind and gp at as absolute motto to turner back on that resource at a time when people are facing huge energy, both the prime minister is right to recognize that immediate support leased to be combined with longer term action. but i'm afraid fucking, but a dash for gas in the north sea will not cut bills nor strength from our energy security. but they will drive a cochin force withdraw efforts to fight the looming climate crisis. the government has lifted a ban on fracking, full shale gas in england as part of his efforts to restore domestic phil supplies . our practice, of course, was halted 3 years ago and made opposition from activists and local concerns over environmental damage. alexander mackay, a political analys

he said, and what energy ministers are discussing our a number of proposals, number proposed measures that would help stem those spiraling energy costs we've been seeing in the european union and how better protect businesses and consumers for while keeping pressure. rob, oh, no. russia on moscow? well, some of the measures on the table being discussed are things like choice to decouple prices from a electricity from gas prices, also a taxing a power companies that are making huge profits at the moment because of the energy crisis. and funneling some of that money to help poor consumers and businesses. and one of the most controversial proposals is also putting an e u wide cap on the price of russian gas. now that has been something that the russian leaders, vladimir putin has reacted to saying that if that was to happen, if that was to be impose, then maybe russia would cut off all energy supplies to the you. but the head of the european commission i seen on the line has said that it is very important that you stops of funding and fueling rushes war. chest is already consensus among

you and we are working on a mandatory energy savings mechanism for member states and on friday the minister of energy about skills, but in doing so we will be able to come to the basis for a common final agreement to impose a cap on gas prices. i would like to point out that do not approach this event with undue expectation that these price caps will be a gradual process, but it is essential to start it. well, as the agency reports, the price ceiling will be discussed not only for russian gas, another option for limiting the price of this fuel in the production of electricity in order to reduce its cost to the similarity. the halva card surprises by keeping a free installment plan of 10 months of halva, as before, it weighs nothing to you. still zero interest on installments and no service fees either, halva weightless installment weighty advantage 599 m video in any incomprehensible situation. write to the robot max to issue a europrotocol online is easier than it seems, to apply for a loan at zero percent online and immediately think on the card, this is impossible. perhaps choose a loan

the package of measures will be considered on september 30 at a meeting of eu energy ministers the rapide in energy prices and sanctions were made by the inhabitants of wittenberg, one and a half thousand people marched through the streets, demanding the resignation of chancellor scholz, joined in the protests and farmers drove a column of tractors through the streets, raising the cost of energy, jeopardized the work of local greenhouses. are looking for new ways to save money the authorities of the german capital decided to reduce the christmas illumination without traditional garlands, the popular streets of the city will remain yes, the energy crisis in europe continues to worsen france has begun before the introduction of austerity measures, it was decided to turn off the illumination of museum buildings and the night illumination on the eiffel tower to save on paris alone, they want several tens of millions of euros out of desperation to stock up on firewood in a panic, the country does not have its own forests or sawmills, therefore, supermarkets are on the run in parking stores. n

we will not agree to this european union. energy ministers are meeting today in prague where 70000 or so protesters came out against european energy sanctions and rising costs. just a few days ago. all focus is on the blocks energy price and supply problem. earlier this week, european commission, president ursula vander line later, a plan for the block to make it through the winter, now that it sanctioned so much of its own energy supply, that it's reeking far more havoc on the e. u. than on russia. vander, line called for a price cap on russian pipeline gas, to quote, cut rushes revenues. thinking that it would prevent russia from pursuing its objectives in the ukraine conflict, which should blow up in the use face about as well as its other virtue, signaling and manipulation attempts have if it ever decides to implement that price cap. vondell line also said that a price cap on all important gas from russia, including non pipeline liquefied natural gas is currently being studied, but not on the table. belgium is one of at least 10 you countries that wants to take that idea even furt

poor households across the european union to try and help people, consumers with the energy bills, because many ministers, governments in the you are very worried indeed that if the energy crisis continues to kids, people in their homes where they're struggling to pay that bill, that we could be seeing social unrest across the e u at some point. now, one other issue that's very much on the table is this idea of an e u wide cap on the price of gas imports. now this has been discussed before any circles in terms of a cap on the price of gas and pulls from russia. but what 50 member states have recently really been pushing before is for a price cap on gas imports from other countries of all countries importing into the european union. they say that would help reduce prices. they say the price cap limits could be put in such a rate that would still make the very competitive on the international market. but until now, the european union commission has been quite reticent. the implement such a cap because they say could dissuade countries from wanting to export their gas to the european union. and then g, for

the danish energy minister says the holes in the pipes are too large to have been caused by an accident like hitting an anchor. it's not clear who is behind it. the networks operator says there is unprecedented damage in the nord stream gas pipelines, north stream. one normally ships gas directly to germany, but deliveries was suspended by russia earlier this month because of a stand off over sanctions imposed because of the war in ukraine. denmark and sweden 1st reported the leaks near the island of bourne hold. they're expected to last, at least a week. shipping near the lines has now been restricted, as while al jazeera stepped boss reports now from leudemann gas bubbling up over an area of more than one square kilometer in the baltic sea, near the danish island of bourne home. 3 huge leaks detected at both, not $31.00 and $2.00 is too much of a coincidence. according to european leaders and energy experts, jewish monitors the junior. we see clearly that this is an active site with ours. an act which likely means the 1st step of escalation of the situation in crane sweetie. safe know

today, european union energy ministers of agreed to introduce new windfall taxes on those earnings. in a meeting in brussels, u member states of agreed to impose extra levies on power producers. european companies will have to return a share of their excess profits. skyrocketing energy costs have contributed to inflation, which has reached a record high of 10 percent across the euro zone. d w, as jack parrot is following these talks closely. forest jack, a cap on revenues and extra levies for electricity producers, par reaching decisions there. or can you tell us? hi, terry will the, the castle is saying that these are temporary measures because of the emergency in the energy crisis, but it is a significant and relatively swift action that they've managed to take. now what they've said is that low cost energy produces things like nucular and wind and solar that have seen their profit sore. because the price of electricity has been dragged up by the gas and oil prices. that they can, they, there's actually going to be cap, that the revenues will be kept at a $180.00 euros per megawat

that in 4 months of this year, russia delivered 7 million tons of fertilizers abroad today, the energy ministersf the eu countries gathered for an emergency meeting to discuss a number of measures to combat the energy crisis, including the introduction of a price ceiling for russian gas russia's position on this issue the other day designated by the president speaking at the plenary session of the eastern economic forum. vladimir putin said that if any political decisions are made in relation to our country in violation of the signed contracts. russia will not supply anything to the detriment of its interests. and i remembered the tale about the cunning fox and the wolf that froze his tail, but today there is no decision on the price ceiling. uh ministers. the eu was not accepted. vladimir kobyakov joins us, he closely followed the debate. well, can we say that a pragmatic approach? in the end, won, or is it not for long? well each side has its own approach considers it pragmatic, but this, of course, is more like a game like who is the first magnet. although so far the european commission has s

new prime minister in the face with an energy and economic crisis. ah, i'm ali inside this is out. is there a lie from doha, also coming up, the un nuclear watchdog, as a backup power line that ukraine's operation power plant had to be disconnected because if a fire, a 100000 people, a risk of losing their homes. pox dawns biggest lake is on the. a verge of busting its banks. on students from the val day primary school in texas returned to the classroom the 1st time since a gunman killed 19 children. and 2 teachers. ah, the united kingdom has a new leader, former foreign secretary list trust has replaced boris johnson as prime minister. she travelled to balmoral castle in scotland to meet queen elizabeth who asked her to form a new government. she is now flying back to london, where she'll make her 1st speech as, as british prime minister. she's also expected to announce members of her cabinet. let's go live now to andrey simmons, downing street. andrew, looking stormy. where you all, i live, trust set to deliver and address within now's time. what are we expecting to hear? ah, wel

the belgium will not agree to a price cap on rush and gas, according to the countries energy minister, who say that the proposals are purely political. our intention, 1st and foremost, is to bring prices down, a cap on only russian gas is purely political. i don't see the added value in that we will not agree to this european union. energy ministers are meeting today in prague where $70000.00 or so protesters came out against european energy sanctions and rising cost. just a few days ago. all focus is on the blocks, energy price and supply problem. earlier this week, european commission, president ursula vander line, laid on a plan for the block to make it through the winter. now that it sanctions so much of its own energy supply that its reeking far more havoc on the e u, than on russia. van der line called for a price cap on russian pipeline gas to quote, cut rushes revenues. thinking that it would prevent russia from pursuing its objectives in the ukraine conflict, which should blow up in the use face about as well as its other virtue, signaling and manipulation attempts have if it

today european energy minister discussed how to deal with high energy prices in europe, in particularraised the issue of imposing restrictions on russian gas, but could not agree. why will tell not korenkovaya? the eu energy minister did not reach a decision on setting a gas price ceiling, this became known following an extraordinary meeting. in brussels, the minister was asked by the european commission to present its proposals. it was expected that european officials would discuss the possibility of limiting prices specifically for russian fuel, but there was unity on this issue. no exclusion of a specific source of natural gas. the simply absurd marginal price will help push russian natural gas out of the european market. and this is unacceptable. if this happens, it will lead to an increase in prices in hungary does not in any way support the vision of a limit due to risks to the energy supply of other participating countries. the eu has also spoken out against a limit on gas pipeline transportation. the fine shell times reported at least 10 european ones earlier. push for a price

and the danish energy minister suspect laughs were the cause of ghastly to major pipeline between russia and europe. denmark and sweden 1st reported the leaks in the north stream, one in north street, 2 pipelines near the island of bornhold. earlier on wednesday. joining his life from washington, d. c is high, no clink. he's a national security analyst. i know if this is sabotaged, as several european countries are saying, as the head of european commission is calling it, who would stand the game from this? well, thank you very much for having me this evening. i think her all fingers are pointing at moscow. this back, that 3 separate explosions causing 3 separate leaks in 2 separate pipelines. and i just don't not think that that as a coincidence. and the russian certainly have the means to conduct such sabotaged operations. and i believe on the heels of newton's most recent nuclear se maralie. this is just a nother russian attempt at a threatening and extorting the west. but why explain it to us? what's the play here? because they, if that were the case in this hypothesis, they would be

the danish energy minister suspects blasts were the cause of gas leak. the 2 major pipelines between russia and europe . denmark and sweden 1st reported the least in the north stream, one and 2 pipelines near the island of one hope. earlier on wednesday, the us state of florida is braced for its most powerful storm in more than a century. 2 and a half 1000000 people have been ordered to evacuate their homes. hurricane ian is said to make landfall on wednesday. my canada reports go away in. that's a message from tampa bay area. residents have not taken a direct hit from american in a 100 years. this one does feel a little bit different. we felt that way in the past before, so it just started to be safe than sorry, with time running on to residents rushed to fill sandbags, ford up businesses and homes, and stock up on supplies. many shelves are empty. as many as 2 and a half 1000000 people are under evacuation orders, they say mandatory evacuation. it sounds to go as a massive lightning pact, harry couldn't make its approach. u. s. president joe biden warn

you energy ministers have agreed on 3 measures. they say will help reduce energy bills in the european union. they won't implement a power saving measure, so measures that would force, for example, companies and businesses to reduce consumption. they also want to implement a winful tax for some energy companies that have been making enormous profits during this energy crisis. and thirdly, a solidarity tax on fossil fuel companies. the idea is that the extra money from these taxes would go into helping a poor household across the european union. now the check energy minister that hosted this meeting in brussels said of course with the wind looming. there is a real sense of urgency. he said that you simply doesn't have the luxury of time not to do anything. we are in energy war with russia, which all is all strongly affects our industry, father, origins, and coordinate the you. action is needed. well, in terms of further action, energy ministers are also considering the idea of putting in place a price cap on or gas coming into the eu

of a dynamic price limitation on russian oil continues gas and this friday in brussels , the energy ministers and discuss the next wave of sanctions specifically in the energy sector, so i would say that here confrontation and escalation are growing on two sides and the russians themselves are raising the escalation in order to cause a certain dissatisfaction of european society and that here in the middle of europe, we lost such support as we have now. thank you very much for joining our broadcast. olena zerkal, adviser to the minister of energy of ukraine, was on radio svoboda. anxiety, we have to move to our reserve studio in the shelter, in the meantime, i suggest you watch a report from northern saltivka kharkiv - this is a neighborhood that was literally one of the first to meet russian aggression in kharkiv and the time has come, they won't be seen like this and you are here they were there all the time and since february 24 they didn't leave anywhere, they left and as soon as they left, they resolved, it was time. it wasn't scary to stay here, but yesterday it was scary. the plane is

eu energy ministers hold emergency talks to thresh out common measures.ean commission president has set out a five-point plan includes a price cut -- officials in china are telling people to minimize traveling to other cities during the national day holiday to prevent the spread of covid. the government may relax restrictions after guidance. the national health commission now requires all regions to conduct regular pcr testing. japan's top foreign-exchange official says he's keeping all options open if the recent moves with the yen continue. the strongest warning yet from the currency's recent slide. fundamentals alone cannot justify the move that he says has been excessive in recent days. that is the bloomberg business flash. francine: stay with us this morning as we continue our special coverage of the remarkable reign of queen elizabeth ii. ♪ >> queen elizabeth ii was the rock on which modern britain was built. >> i had the opportunity to meet her and she was an incredibly gracious and decent woman. >> queen elizabeth ii has been a wise and encouraging

the european union's energy ministers in brussels for an emergency meeting agreed to take 3 measures. the 1st will see all member states reduced by 10 percent. the amount of energy used during peak hours of the day measures 2 and 3 combined will allow governments and the e u to take a share of the profits and revenue energy companies are caching in. as prices go up . this will make billions of yours available to fund the support governments are providing their citizens to get through the winter. all measures remain mandatory, which ensures that they will also remain impactful. it is now crucial implementer the steps quickly so that they can start having that. i intended effect and with these measures, brussels is also trying to compensate for the uneven national responses to the crisis which has seen richer e u countries far out spend poor ones in handing out cash to companies and consumers struggling with bills in addition to the measures agreed upon hearing brussels e. u. capitals have put together rescue packages to give a lifeline to their domestic households and businesses. now,

energy ministers are meeting in europe. they will decide the next steps to tame these prices. haslinda: opec surprising the market. joining us from dubai is the president of the national energy consultancy fte. -- fge. let's talk about opec, the surprise of 100,000 barrels cut per day, it seems small but an outsized reaction from the market. why is that? >> it is more of a signal really. opec is essentially signaling we don't like $90 a barrel. we like the price around $100 a barrel. they don't have to worry too much about u.s. supply coming back, which was the worry five or six years ago. they are pretty much at production limits. so let's defend the high price. i think the saudi minister a couple weeks ago started sending out the signal. we see it loud and clear from opec. now of course there was other news at the same time in terms of price caps and all these issues related to russia. another story you have been discussing. haslinda: some say perhaps traders are underpricing the tightness in the market. if so how much are they underpricing? will they listen to signals being

where's your cost of living plan, prime minister? energy, for a start, and an announcement is coming tomorrow. but first, a new—look prime minister's questions. to welcome the new prime minister to her place. - cheering. mr speaker, iam honoured to take my place as prime minister in this house and to take on responsibility at a vital time for our country. i am determined to deliver for everybody across our united kingdom. i will work constructively with all members of this house to tackle the challenges we face. those opening words carefully prepared, typed out and read from her ring binder. keir starmer! and the labour leader faced a new opponent. can i congratulate the prime minister on her appointment? when she said... when she said in her leadership campaign that she was against windfall taxes, did she mean it? a windfall tax is a one—off tax on companies that have benefited from something they were not responsible for. one was imposed on energy firms in may. labour, the liberal democrats and the snp want it extended. the government mus