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The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and co ....
hello. if you justjoined us, i m sally bundock. we will now talk through the top stories. if this is your first day back at work after a long christmas break we will bring you up to speed. and we start in the middle east, where the threat of military escalation continues to hang over the red sea. the us, britain, and their allies in the region are on alert to see if their warnings to the iran backed houthis are now working. attacks on commercial vessels have been happening since the war between israel and gaza began. houthis who are behind the attacks say it s in support of hamas and has turned a vital global trade route, that handles about 12% of the world s commerce, into a risky maritime passage. the uk defence secretary, grant shapps, said britain would not hesitate to take what he called direct action . meanwhile, bloomberg reports iran dispatched a warship to the red sea after the us navy destroyed three houthi boats. joining me now is janet mui, head of market ana ....
Samsungs group leader offers an apology before he takes the hot seat asa apology before he takes the hot seat as a suspect in south korea corruption scandal. It is a 3 billion industry, as parents spend big time for high tech smart toys sales are growing fast. Good morning, asia. Hello, world. It is thursday. Lagutin during us for this edition of Asia Business report. We start with samsung and the group leader lee jae yong has arrived at short time ago with the south Korean Prosecutor Office for questioning over bribery suspicion is, it is pa rt over bribery suspicion is, it is part of a scandal that may permanently unseat the president. Samsung is accused of giving donations to non profit foundations toa donations to non profit foundations to a confidant of the president in return for assistance in a business transaction. Mr lee apologised. Translation i am very sor ....
The government is on a mission to confront global online retail platforms that use tariff loopholes in South Africa to undermine locally-produced goods and retail stores, says trade & industry minister Ebrahim Patel. ....