- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
- Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
- 'Devastating' storm hits Augusta National but Masters will go on
- Relief in Brazil, Asia over delay to EU deforestation rules
- Oil prices jump, stocks fall on Middle East tensions
- Biden says 'discussing' possible Israeli strikes on Iran oil facilities
- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
- Phasing out teen smoking could save 1.2 mn lives: study
- 'Welcome relief': Asia producers hail EU deforestation law delay
- Japan PM slated to announce plans for 'happiness index'
- Turkish inflation falls less than expected in September at 49.4%
- Easing inflation lifts profit at UK supermarket Tesco
- Skiing calls on UN climate science to combat melting future
- China wine industry looks to breed climate resilience
- Tokyo rallies on weak yen, Hong Kong drops after surge
- Dutch airline KLM unveils 'firm' cost-cutting measures
- Carpe diem: the Costa Rican women turning fish into fashion
- Senegal looks to aquaculture as fish stocks dwindle
- Will AI one day win a Nobel Prize?
- Climate change, economics muddy West's drive to curb Chinese EVs
- Argentina's Milei vetoes university budget after huge protests
- TotalEnergies plans to grow oil and gas production until 2030
- 2024 Nobels offer glimmer of hope as global crises mount
- Tokyo rallies on weak yen, Hong Kong reverses after surge
- Tunisia readies for vote as incumbent Saied eyes victory
- High childcare costs in US weigh on women's employment
- US voters seek help with crushing childcare costs
- Taiwan shuts down for second day as Typhoon Krathon to land
European stocks, euro tumble as Russia fuels energy crisis
European stocks tumbled Monday and the euro hit a new 20-year dollar low on energy crisis fears, after Russia said it would not restart gas flows to Germany and effectively most of the continent.
Natural gas prices spiked almost a third, while oil rallied on expectations OPEC and its Russia-led allies could decide at a meeting Monday to lower crude output in a bid to lift prices.
Europe's fast-moving gas crisis sent Frankfurt equities slumping more than three percent before trimming losses, while Paris shed two percent at one stage.
London stocks also lost ground before the much-anticipated announcement of Britain's next prime minister at around 1130 GMT.
- 'Weaponization of energy' -
"Russia's ongoing weaponization of energy supplies continues to increase downside risks for European economies and the euro," said Lee Hardman, currency analyst at financial services group MUFG.
The euro sank Monday to $0.9878, its lowest since December 2002, despite expectations the European Central Bank will hike interest rates again Thursday to combat soaring inflation.
The shared eurozone unit has collapsed by about 13 percent against the dollar since the start of the year, hit also by the US Federal Reserve's more aggressive monetary tightening.
State gas giant Gazprom announced late Friday the key Nord Stream pipeline would remain shut indefinitely, blaming leaks.
Gazprom's announcement came the same day as the G7 nations said they would work to quickly implement a price cap on Russian oil exports, a move that would starve the Kremlin of critical revenue for its war on Ukraine.
Resumption of deliveries via the pipeline, which runs from near Saint Petersburg to Germany under the Baltic Sea, had been due to resume on Saturday after what Gazprom had described as three days of maintenance work.
- 'Grim shadow before winter' -
The news intensified an energy crisis caused by Europe's sanctions on Moscow for its invasion of Ukraine in February.
Investors are fearful of an energy supply crunch during the peak-demand northern hemisphere winter.
That could potentially lead to a painful recession.
"Russia's decision to turn off Europe's gas hangs over the continent like a grim shadow ahead of winter," said AJ Bell investment director Russ Mould.
At the same time, governments worldwide are grappling with the impact of rocketing domestic energy costs.
Germany on Sunday unveiled a new 65-billion-euro ($65-billion) package to help households cope with soaring prices, and eyed windfall profits from energy companies to help fund the move.
That took Berlin's total relief to almost 100 billion euros since the start of the Ukraine war.
Elsewhere on Monday, Asian bourses experienced mixed trade as last week's upbeat US jobs report partly offset fears over Europe's outlook -- and China's new Covid lockdowns.
- Key figures at around 1000 GMT -
London - FTSE 100: DOWN 0.6 percent at 7,234.88 points
Frankfurt - DAX: DOWN 2.3 percent at 12,747.73
Paris - CAC 40: DOWN 1.6 percent at 6,071.27
EURO STOXX 50: DOWN 1.9 percent at 3,478.13
Tokyo - Nikkei 225: DOWN 0.1 percent at 27,619.61 (close)
Hong Kong - Hang Seng Index: DOWN 1.2 percent at 19,225.70 (close)
Shanghai - Composite: UP 0.4 percent at 3,199.91 (close)
New York - Dow: DOWN 1.1 percent at 31,318.44 (close)
Euro/dollar: DOWN at $0.9927 from $0.9954 on Friday
Dollar/yen: UP at 140.43 yen from 140.20 yen
Pound/dollar: UP at $1.1515 from $1.1509
Euro/pound: DOWN at 86.20 pence from 86.48 pence
West Texas Intermediate: UP 2.7 percent at $89.17 per barrel
Brent North Sea crude: UP 2.7 percent at $95.52 per barrel
burs-rfj/bcp/cdw
M.Mendoza--CPN