Tag: crisis

23 SEP

The UK lifted its ban on fracking to pursue energy independence as power bills soar, but experts say it’s unlikely to help the energy crisis this winter

The UK lifted a moratorium on fracking for shale gas amid the energy crisis. Jae C. Hong/AP Photo The UK lifted a temporarily ban on fracking amid the ongoing energy crisis. It had temporarily banned fracking over fears of earthquakes from the shale-gas extraction process. UK energy bills are expected to be 80% higher in […]

22 SEP

‘This is a crisis’: Head of medical association warns that the health-care system faces ‘collapse’

The new president of the Canadian Medical Association (CMA) said Wednesday he fears the country’s fragile health-care system will deteriorate further without an injection of cash — and a plan to increase the number of doctors and other health care professionals.

19 SEP

Putin says Russia’s not responsible for the EU’s energy crisis — it just needs to ‘push the button’ on the Nord Stream 2 pipeline to get more natural gas

Russian President Vladimir Putin said Europe's "green agenda" started the bloc's energy crisis. Getty Images Europe is dependent on Russia for natural gas, but Gazprom has turned off the Nord Stream 1 pipeline. Russian President Putin said the EU just has to turn on Nord Stream 2 for more natural gas. The Nord Stream 2 […]

18 SEP

NYC Mayor Adams criticizes ‘humanitarian crisis made by human hands’ as city considers cruise ships to house migrants bussed to East Coast

New York City Mayor Eric Adams speaks at the ribbon-cutting ceremony for the Jackie Robinson Museum, Tuesday, June 26, 2022, in New York. Julia Nikhinson/AP NYC Mayor Adams decried the migrant "humanitarian crisis" that has brought over 11,000 migrants to the city. Texas Gov. Abbott has bused about 2,500 migrants to NYC in a political […]

18 SEP

I spent years writing about women at work. Then I had a baby — and an existential crisis.

Writing about the challenges of working parenthood didn't fully prepare the author for the transition. The author is not pictured. AE Pictures Inc./Getty Images I'm a careers-and-leadership reporter and I often write about women's experiences at work. When I had a baby, I thought I'd be prepared for the transition to working parenthood. I wasn't. […]

15 SEP

People in Lebanon are holding up banks to withdraw their own money amid the country’s financial crisis

A Lebanese policeman stands guard next to a bank window that was broken by depositors on Wednesday, Sept. 14, 2022. Hussein Malla/Associated Press Two people in Lebanon staged bank holdups Wednesday, demanding money from their own bank accounts. One of them said she needed to withdraw money for her sister's cancer treatment. Banks in crisis-hit […]

13 SEP

Germany commits $67 billion to aid energy companies hurt by soaring prices as European countries work to combat crisis

Cooling towers at Uniper's coal-fired power plant in Germany. Fabian Strauch/picture alliance via Getty Images Germany pledged €67 billion ($ 66.9 billion) in funding to assist utility companies, the FT reported. The money will be redeployed from a COVID-19 bailout fund established to help companies avoid insolvency. Gas importers have been forced to pay higher […]

12 SEP

British people are ripping out their beloved vintage-style stoves because they are too expensive to run amid the energy crisis

British people are removing their Aga stoves, which are enduringly popular in the UK. REUTERS/Luke MacGregor British people are removing their beloved Aga stoves to combat surging energy costs. One worker told Bloomberg he's removed 35 of the vintage-style appliances this year.  Some owners have been left in tears because they couldn't afford to keep […]

08 SEP

The European Central Bank pulled the trigger on a record interest rate hike as Europe battles a Russian energy crisis and spiraling food prices

ECB president Christine Lagarde has presided over two consecutive interest rate hikes. Philipp von Ditfurth/Getty Images The European Central Bank just pulled the trigger on its biggest interest rate hike. The central bank increased rates by 75 basis points, and signaled further hikes. Economies around the world are raising rates as they battle to keep […]