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‘Horror chart’ suggests Germany on brink of huge energy crisis

Consumer prices for electricity are detached from reality, the editor of Die Welt says Germany is heading for a “huge energy crisis,” a senior editor at one of the country’s most influential newspapers, Die Welt, warned on Wednesday.

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Europe’s largest carmaker leaving Russia – media

The world’s second largest car manufacturer, Volkswagen Group, has reportedly decided to sell its business in Russia and is actively looking for a buyer, two major Russian media outlets, Vedomosti and Gazeta.ru, reported on Wednesday.

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EU wine harvest under threat – Bloomberg

Winemakers across Europe’s vineyards are worried that their yield will be reduced significantly this year as record heat and wildfires hit the continent, Bloomberg reported on Tuesday. With temperatures in Portugal and Spain reaching as high as 47 degrees Celsius this month, their output may drop by at least 25% this year, the publication writes.

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