Gas money: Fears of a crisis grow in Europe, as gas prices shoot up

9/21/21 7:00PM

Gas money

‍The price of natural gas in Europe, and across the world, has shot up in the last few weeks, as fear of a gas crisis grows. In some markets that has meant a doubling or even tripling of the price of natural gas over the course of the last few months.

Much of Europe remains dependent on gas imports to heat their homes and generate electricity, but supply disruptions in Russia, Norway and other countries have failed to adequately replenish Europe's stores of gas, which are currently just over 70% full, which is not where you want them heading into the coldest months of the year.

This time last year, and in 2019, they were almost completely full (95%).

‍Double trouble

‍The UK has had a particularly tough time. Roughly 25% of the UK's electricity comes from wind and the last few weeks just... haven't been that windy. That's meant extra demand for gas, which has exacerbated the supply issues further - and put 4 smaller energy providers on the brink of collapse.

J. Edward Moreno11/4/25

Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

Tom Jones

10/6/25

OPEC and others are boosting oil production as the race to catch up with the US goes on

This month’s 137,000-barrel-a-day boost is a little more modest than some expected.

Millie Giles

RED FLAG, GREEN FLAG

9/25/25

China, the world’s largest carbon polluter, has pledged to cut emissions for the first time

President Xi Jinping has announced that China is aiming to slash carbon emissions by up to 10% in the next decade.

solar power station on the rooftop of the factory

Claire Yubin Oh9/19/25

John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports.

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the region’s favorites:

Millie Giles

DOT-COM BUBBLE

9/12/25

More than 40% of American adults now report being online “almost constantly”

While a new survey showed Japan has the greatest share of perpetually online people, there was a significant number reporting not using the internet at all.

Gas money: Fears of a crisis grow in Europe, as gas prices shoot up

More World

Starbucks sells control of China business for $4 billion

John Wayne Airport in Orange County tops the list of North America’s favorite airports

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