Klarna losses more than triple as consumer spending slows Buy now, pay later firm will issue smaller loans to some customers to return to profitability
Nord Stream 1: Russia switches off gas pipeline citing maintenance Shutdown at short notice by state-owned Gazprom disrupts European efforts to stockpile for winter
Wholesale gas prices tumble as Europe prepares to intervene in energy markets European Commission says it is working ‘flat out’ on emergency intervention and on longer-term structural reform
European gas shortages likely to last several winters, says Shell chief Warning raises prospect of continued rationing, as Total boss says Europe has to plan for future without Russian supplies
Europe has little option but to rescue consumers from the energy crisis With no end to Ukraine war in sight and transition away from Russian gas ongoing, scale of support will have to be massive
‘Green gold’: Spanish farmers ditch olives for pistachios in bid to survive Hard-up producers replace wheatfields and vineyards with a more lucrative, drought-resistant crop
German ministers under pressure to scrap gas levy after anger over profits Government to review aid package as energy companies who seek share of surcharge post-billion-euro earnings
Russian plant ‘burning off £8m of gas a day’ as supply to Germany is limited Experts say rate of gas flaring at Portovaya plant is unprecedented, and raise concerns over emissions
UK sewage turning Channel and North Sea into dumping ground, say French MEPs Post-Brexit UK accused of abandoning international obligations to protect marine life and human health
Oil firm Rockhopper wins £210m payout after being banned from drilling Italian government ordered to compensate UK firm after exploration forbidden within 12 miles of coast
Dutch state railway to sell Abellio in UK management buyout Abellio UK’s CEO Dominic Booth is understood to be leading buyout and will help fund deal using own money
Britain imports no energy from Russia for first time on record UK aimed to phase oil Russian oil imports by end of 2022; in June it achieved that target, ONS data shows
The French protest at soaring costs and get results – what’s wrong with the UK? Polls show Britons are fed up and willing to challenge the government over the cost of living, says Guardian columnist Owen Jones
German chancellor says he is working fast to find alternatives to Russian gas Olaf Scholz is in Canada where he plans to sign hydrogen supply chain deal as pressure mounts over looming winter crisis
Fears of new quakes in Dutch gas field as energy crisis bites As Dutch government weighs resuming gas production in earthquake zone this winter, anxiety is rising in Groningen