Inflation in the Eurozone spiked to a record high of 9.1% in August, according to flash figures from Europe’s statistics office, Eurostat, published on Wednesday. The indicator overshot analysts’ expectations of a 9% rate.

The stock soared more than 30% as the company announced dividend payouts to shareholders Russian energy major Gazprom’s stock jumped 31% on Wednesday to 267.25 rubles per share (just over $4.43) on the Moscow Exchange, following the company’s announcement of bumper profits and dividend payments to shareholders.

The bloc’s criticism of Russia-China cooperation in the Arctic underlines its Cold War mentality, the Foreign Ministry said NATO’s claims that cooperation between Beijing and Moscow in the Arctic represents a ‘challenge’ signals that the alliance is still dwelling in the Cold War, Foreign Ministry spokesman Zhao Lijian said on Wednesday.