INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Gazprom suspends gas export to Latvia as tensions escalate

EU energy ministers are to review the plans in an extraordinary meeting in Brussels on September 30.. (AFP)
  • Gazprom suspended its gas supplies to Latvia due to "violations of the conditions" of purchase, the company said on Telegram.
  • Gazprom drastically cut gas deliveries to Europe via the Nord Stream pipeline on Wednesday to about 20 percent of its capacity.

Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict in Ukraine and sweeping European and US sanctions against Russia.

“Today, Gazprom suspended its gas supplies to Latvia… due to violations of the conditions” of purchase, the company said on Telegram.

Gazprom drastically cut gas deliveries to Europe via the Nord Stream pipeline on Wednesday to about 20 percent of its capacity.

The Russian state-run company had announced Monday that it would choke supply to 33 million cubic meters a day — half the amount it has been delivering since service resumed last week after 10 days of maintenance work.

EU states have accused Russia of squeezing supplies in retaliation for Western sanctions over Moscow’s intervention in Ukraine.

Gazprom cited the halted operation of one of the last two operating turbines for the pipeline due to the “technical condition of the engine”.

The European Union this week agreed a plan to reduce gas consumption in solidarity with Germany.