E.ON slashes value of investment in Nord Stream 1 by almost £600m

German firm’s revaluation represents 58% decline following ‘increased uncertainties’ after Ukraine invasion

UK braces for even higher bills as Norway threatens electricity export cut

Water levels in southern Norway so low domestic consumers may be prioritised over international customers

Low water levels mean Rhine is days from being shut for cargo

Businesses along the river say they are on verge of having to shut production

Massive queues in Moscow as shoppers take last chance to shop at H&M

Retailer halted operations in Russia after invasion of Ukraine but has reopened for limited time to sell remaining stock

French MPs poised to approve €20bn inflation relief package

Cost of living measures include pension rises, a cap on rent increases and a civil service pay rise

Opec approval of minuscule oil output rise is insult to Biden, say analysts

Increase in production by 100,000 barrels a day described as ‘so little as to be meaningless’

EDF cuts output at nuclear power plants as French rivers get too warm

Company says it is reducing production for few hours where possible as ability to cool plants is restricted

Spiralling inflation, crops left in the field and travel chaos: 10 reasons Brexit has been disastrous for Britain

As small businesses crumble, shelves get emptier and the care-worker shortage intensifies, life outside the EU is having a dire effect on many of us. Why aren’t politicians talking about it?

Spain warns heatwave threatens olive oil production

Weather also threatens output in Italy and grain across Europe as Ukraine war pushes prices higher

Gazprom daily gas output in July lowest since 2008, analysis suggests

Output last month of Russian firm was down 14% on June, sharpening fears Moscow could provoke energy crisis in Europe

Germany puts coal power plant back on network after gas supply cut

Mothballed facility in Lower Saxony gets emergency permission to run until April

Cost of living crisis: how does UK compare with rest of Europe?

Britain has taken steps to ease the impact of rising prices. But other countries have gone further

Era of soaring house prices is ending as central banks raise rates

Policies are tightening when major economies are either falling into recession or heading that way

Ukraine waiting for UN go-ahead to get grain ships away

Kyiv waiting for UN as news about insurance cover adds to hopes of shipments leaving soon

Eurozone inflation hits record high of 8.9% as energy prices soar

Cost of living crisis comes as 19-member currency bloc beats growth forecasts in second quarter