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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 competing with european buyers there, which would in turn have some Knock On Effect on prices. As it had last week, 40 increase from around 30 to 36 euros just nothing like close to
WorldMotorbikesTransportCheaperPlansAlternativeTwoWorkersCountryBusiness-storiesLng-plantsTopWe start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
Bbc-newsMetaLondonValueTech-tantrum00-billion200-billionInvestmentForecastsBritainOwnerMealPersonal transport for many of asia s new huge megacities. and for this taiwan start up, the next stop is india. finally, we have all become keenly aware of the power of social media in connecting people worldwide and giving them a platform in which any one person s voice can go viral. it s also a powerful tool for companies to reach their customers and potential customers with their brands message. but one wrong move on a company s social media account can result in a pr crisis and social media fright . so what s changing when it comes to making social media work for your company? live now to linn frost, who s the managing director at the social element, a global social media agency which has visa, nissan and 0reo as its clients. thank you very much for being with us. we have had social media now for over ten years and i know for me it is a great tool to get in touch with companies and raise a complaint orjust ask the question. how
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