The world’s largest elevator and escalator maker, US-based Otis, will sell its business in Russia, the company announced on Wednesday. The firm said that “supply chain disruptions and mounting regulations” caused by the “ongoing crisis in Eastern Europe” mean that its business in Russia “is no longer sustainable”, and the company has reached an agreement…

The EU’s gas rationing plan approved on Tuesday may not stand the test of a cold winter, Britain’s The Economist magazine warned on Wednesday. A “meagre” cut to gas consumption will not solve the continent’s problems, the publication wrote, referring to the plan that will see most EU nations voluntarily reduce their use of natural…

Kosovo will apply for EU membership by the end of this year, Foreign Minister Donika Gervalla said on Tuesday. The EU has taken on four new countries as candidates in recent weeks. “We think that Kosovo meets all the prerequisites to be granted [official candidate status], and therefore, by the end of the year, we…