U.S. Treasury to broaden scope of secondary sanctions on Iran
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffi...
Romania blasted a rock outcrop to redirect cooling water from the drought-hit Danube River to its only operating nuclear reactor. The unprecedented measure highlights the growing impact of drought and the region's worsening energy crisis.
In neighbouring Hungary, authorities said they might be able to eke out two more days of power from their only atomic plant until Tuesday, which has been hit by falling levels in the Danube that it also relies on as a coolant.
Heat and drought have lowered river levels across large parts of Europe, raising concerns about water supplies, river transport and power generation.
Both governments have asked people and companies to cut power use to ease demand.
Car-making plants run in Romania by Renault-owned Dacia and Ford had agreed to halt production until 19 August, voluntarily reducing power consumption by some 200 MW, Prime Minister Ilie Bolojan said.
"Drought-related difficulties are amplified by limited trans-border connections with central and western Europe," Bolojan added. "There is limited import capacity."
The Romanian unit of Ford clarified that the production halt for summer holidays had been scheduled in advance.
Romanian state-owned nuclear power producer Nuclearelectrica, which normally generates a fifth of the country's electricity needs, had to shut down one of its two reactors early last week as river levels fell.
Monday's controlled explosion sent a tower of water and rubble into the air. Authorities said it would clear the way to build a temporary dam which would send more water to the river channel where the remaining Cernavoda reactor sits.
The work would finish on Wednesday, the navy said.
Hungary gets temporary reprieve
Further upstream, Hungary, which had earlier warned it might have to shut down its Paks nuclear plant as early as Sunday said it could operate at its current reduced capacity until Monday or Tuesday, offering a small reprieve.
The 2-gigawatt Paks plant, which normally generates about half of the country's electricity, was running at just over 10% of its capacity on Monday after the Danube fell to a record low.
"Today, and maybe tomorrow the last turbine producing 240 megawatts can keep working," Hungarian Prime Minister Peter Magyar said on 3 August.
Voluntary cuts in power usage by households and companies, made after a government appeal, had reduced demand by 700 MW on Sunday, significantly easing pressure on the grid, the prime minister said.
Pharma company Richter said on Monday it would reduce its electricity consumption by more than 50 per cent over the next three weeks, and offered a daily 4 MW of electricity produced by its solar energy park.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th of August, covering the latest developments.
New Zealand Prime Minister Christopher Luxon said on Monday that his party will introduce a bill to ban children under 16 from using social media. The proposal would allow fines of up to 10 per cent of a platform’s global revenue for non-compliance.
Icelanders will vote on Saturday, 29 August, on whether to resume negotiations with the European Union, in a referendum that could reopen the country’s long-debated membership question.
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