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Europe

A collection of 154 issues

Polychain has invested $7 million in a bitcoin wallet developer.

Self-storage bitcoin developer Foundation Devices has raised $7 million in a seed round led by Polychain Capital. Other participants include Greenfield Capital and Lightning Ventures, as well as existing startup investors Third Prime, Warburg Serres, Unpopular Ventures and Bolt. Foundation Devices' flagship products are the Passport hardware wallet, which uses

Poland and Baltic states demand a $30-per-barrel ceiling on oil prices from Russia - Politico

Most EU countries support introduction of price ceiling for oil from Russia in the range of $65-70 per barrel. However, Polish and Baltic authorities reject such a price ceiling, demanding a ceiling of $30 per barrel.

German authorities are trying to negotiate with businesses to reduce electricity consumption - Bloomberg

According to grid operators, talks have begun with some firms on special contracts. They will allow power to be turned off for several hours a day as winter approaches.

Poland's Orlen expects to continue receiving Russian oil through the Druzhba pipeline in 2023 - Kommersant

Transneft has confirmed receipt of bids from Polish consumers for 2023. According to Kommersant, Orlen plans to receive 3 million tons of oil next year. An embargo on Russian offshore oil will come into force on December 5. Apparently, however, European companies are not ready to give up Russian supplies

Germany's coming winter could be one of the warmest in 30 years, the country's Meteorological Service

According to the service, this will allow consumers and regulators to save on energy costs. According to today's trading results, the price of gas in Europe was $1142 per thousand cubic meters. Tomorrow the price may fall on optimistic forecasts.

A new payment system appeared in Russia - Frank RG

The Bank of Russia has registered a new payment system, its name is "Astrasend". The operator of the new system is NPO "Inkahran", which, in turn, belongs to the Moscow Credit Bank. So far not much is known about the payment system. But in its rules it is noted that

Russia Obtains Chips for Military Purposes from Imported Refrigerators, Bloomberg

Russia may receive microchips for military purposes from household appliances bought in friendly countries, the newspaper said. Bloomberg collected data from Eurostat: Armenia imported more washing machines from the EU in eight months than in the past two years.In August, Kazakhstan imported $21.4 million worth of European refrigerators

EU rethinks relations with China

"The EU sees its first priority as reducing dependence on China for technology and imports of resources," von der Leyen "We need a balanced relationship with China," President Macron.

Europe has a new problem: no place to store LNG - Business Insider

Europe's LNG imports will increase 25% in 2022 amid the collapse of the Nord Streams and sanctions on Russia. But in Europe, only Spain has an extensive LNG storage network. Tankers with gas have to wait weeks for their turn to unload.

China will stop supplying LNG to Europe to ensure its country's winter heating season - Bloomberg

The news for the EU is not good. The fact is that China redirected contracted tankers with LNG to Europe because of the high demand and, as a consequence, the growth of the cost. Now this gas route is closed.