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Part of the problem is having the adequate supply of infrastructure to bring other kinds of energy sources into Europe, according to Italgas CEO Paolo Gallo.

Analysts see the apparent strengthening of ties between China, Russia and North Korea as "worrisome" and part of a long-term strategy from Beijing.

Klarna priced its IPO at $40 on Tuesday in an offering that valued the company at about $15 billion.

The incident marks the first time the NATO member has directly engaged Russian assets in its airspace since Russia's full-scale invasion of Ukraine.

Europe's ban on the sale of new petrol and gasoline cars and vans from 2035 has been a hot topic at the IAA Mobility auto show in Munich this week.

Novo Nordisk, which produces Wegovy and Ozempic, said 9,000 roles would be cut.

"It is clear that energy dependency on Russia will be targeted more vehemently," an EU official told CNBC.

Net zero by 2050 is "a monstrous human impoverishment program and of course there is no way it is going to happen," U.S. Energy Secretary Chris Wright said.

The fall of Francois Bayrou's government in a confidence vote tasks France with naming its fifth prime minister in two years.

ASML pumped 1.3 billion euros in Mistral AI's 1.7 billion-euro funding round as lead investor, gaining a 11% shareholding in the French company.