According to Frode Leversund, CEO of Norwegian gas transport firm Gassco, Norway will supply record amounts of gas to Europe this year. Over the coming years, Norway will also export sizable amounts of gas to the EU. This year, Norway surpassed Russia to become the major gas supplier to Europe,...

A former employee of Bayer, Laurie Simpson, sued the manufacturer in 2005 and 2006 for Bayer's deceptive advertising and medication sales practices. To resolve the claims, the medication manufacturer has agreed to pay $40 million to American authorities; Ms. Simpson will receive $11.1 of that...

Russia postponed a Saturday deadline to reinstate flows through the Nord Stream 1 pipeline to Europe, citing a fault found during servicing, compounding Europe's difficulties in obtaining gas for the winter.   From August 31 to September 2, the Nord Stream 1 pipeline, which transports gas...

The Italian government expects net costs for importing energy into the country will almost double this current year to about 100 billion euros ($99.5 billion), said the country’s economy minister, who also issued a caution about the country not being able to continue to spend for an indefinite...

The UN Food and Agriculture Organization's world price index fell for the fifth month in a row in August, falling further from all-time highs reached earlier this year, as grain exports from Ukrainian ports resumed, contributing to improved supply prospects.   The Food and Agriculture...

Eurozone's economic mood indicator hit its lowest level in 19 months. Analysts anticipated a less pronounced fall. According to the press office of the European Commission, the indicator of economic sentiment (ESI) in the countries of the euro zone declined for a month by 1.3 percentage points,...

On Wednesday, Russia cut off gas supplies through Europe's main supply route, intensifying an economic battle between Moscow and Brussels and raising the prospect of recession and energy rationing in some of the region's wealthiest countries.   European governments are concerned that Moscow...

According to a final estimate from the French National Institute of Statistics and Economic Research (Insee), the second-largest economy in Europe, France, had its GDP increase 0.5% over the previous quarter. The amount did not alter from the initial estimation. "Consumer spending by households...

According to the Center for Economic Research at the Swiss Federal Institute of Technology, one of the key measures of the Swiss economy's growth has dropped significantly below its long-term average and even lower than economists had anticipated. Since 1970, the institute has been releasing the...