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Russian energy giant says no further gas cuts to Moldova

Russian energy giant Gazprom announced Monday that it will not further reduce natural gas to Moldova as it had threatened to do after claiming that bills went unpaid and that flows crossing through Ukraine were not making it to Moldova.

Gazprom tweeted that Moldovagaz has "eliminated the violation of payment" for November supplies and that "funds for the gas deposited on the territory of Ukraine, intended for consumers in Moldova, have been received."

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US and global markets sink as unrest in China spreads

Wall Street is heading lower ahead of Monday's opening bell amid widespread protests in China calling for Xi Jinping to step down and an end to one-party rule.

Futures for the Dow Jones industrials fell 0.5% and the S&P slipped 0.7%.

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Mikati says US yet to answer his inquiry about Iranian fuel grant

Caretaker Prime Minister Najib Mikati has said that he has “asked the Americans” about the issue of the Iranian fuel grant for Lebanon and that he is yet to receive an “official answer.”

“I do not accept to subject Lebanon to any sanctions, whatever they may be,” Mikati added, in an interview on LBCI television.

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Over 10 MPs file appeal against 2022 state budget law

MP Paula Yacoubian on Monday filed an appeal before the Constitutional Council against the 2022 state budget law.

The appeal carried the signatures of more than ten lawmakers.

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IEA chief sees energy crunch for Europe next winter

Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves although the continent could face a bigger energy crisis next winter, the head of the International Energy Agency said.

Fatih Birol said that, barring unforeseen events, "Europe will go through this winter with some economic and social headaches, bruises here and there" as a result of efforts to wean itself off Russian gas and the wider increase in energy costs resulting from the war in Ukraine.

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German economy sees stronger growth in 3rd quarter

Germany's economy saw stronger growth in the third quarter than expected as consumer spending picked up following the lifting of pandemic restrictions.

Officials figures released Friday show gross domestic product in Europe's biggest economy grew by 0.4% from July to September, 0.1 percentage points higher than previously forecast.

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World Cup fans put off by prices, beer limits commute by air

Travel at this World Cup was supposed to be easy in the tiny host nation of Qatar, after fans had to take long flights between cities at the last three tournaments.

The eight stadiums in Qatar are in or near the capital, so fans don't have to go too far to get to matches — in theory. The country billed its World Cup as environmentally sustainable in part because of how compact it is, but the reality is quite different.

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France, US mulling to expedite gas, electricity supply to Lebanon

The French are studying with the Americans the possibility of speeding up the importation of gas and electricity from Egypt and Jordan to Lebanon, a media report said on Friday.

Paris, Washington and “Arab capitals, including Cairo and Amman, are mulling to settle the debate within a few weeks and eliminate the obstacles that are preventing the implementation of the plan,” al-Akhbar newspaper quoted informed sources as saying.

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Global shares rise on Fed rate hopes despite China worries

Global shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty about coronavirus restrictions in China.

France's CAC 40 edged up 0.1% in early trading to 6,685.49, while Germany's DAX gained 0.3% to 14,474.23. Britain's FTSE 100 gained 0.1% to 7,475.55. The future for the Dow industrials edged 0.2% higher. The future for the S&P 500 added 0.3%.

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Teachers, lecturers join postal workers in UK strike action

Most schools in Scotland were closed Thursday as thousands of teachers walked off the job, joining scores of postal workers and university lecturers in industrial action to demand better pay and working conditions to cope with the country's cost-of-living crisis.

The teachers' strike in Scotland, which shuttered every school on the Scottish mainland, was the first such one in the region in 40 years. Union members want a 10% pay rise, but Scottish authorities say they couldn't afford that.

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