The cost of energy imports into Italy are expected to double to €100 billion, Reuters reported on Saturday, citing the country’s Economy Minister Daniele Franco. Rome cannot keep spending indefinitely to cushion the blow on the economy, the minister warned, speaking at the annual Ambrosetti business forum. He added that Italy’s high debt reduces its…

Electricity producers in Germany’s Rhine region have warned that power supply may decrease amid the delays in coal deliveries to power plants due to low water levels in major rivers, Bloomberg reported on Friday.

The British manufacturing industry is facing its worst winter since the 1970s as spiking energy costs could result in blackouts and shutdowns, Bloomberg reported on Friday. The report indicated that the latest purchasing managers’ index, which was published on Thursday, confirmed the steepest contraction in production since the depths of the coronavirus lockdown in May…