Russian President Vladimir Putin is showing no signs of heeding Western calls to ease the standoff in Crimea, where pro-Kremlin forces stepped up their takeover of the Ukrainian region preparing for a separatist referendum.
Chinese upstart Qoros Auto Co. is out to challenge Volkswagen AG, PSA Peugeot Citroen and other Europeans on their home turf, signaling a broader push by the country’s car manufacturers to target western customers.
European Union officials are reviewing an antitrust complaint against OAO Gazprom, the Russian state-controlled gas company, as they weigh how the two- year-old dispute will affect the conflict in Ukraine, according to people familiar with the case.
Ukraine, the subject of a struggle for influence between Russia and the West, plans to cut natural- gas imports from its eastern neighbor and fill the gap with supplies from Europe to reduce dependence on OAO Gazprom.
The European Union plan to automatically adjust supply of carbon permits will start to be discussed by the region’s Parliament in September, according to the assembly’s environment committee chair Matthias Groote.
Commodities declined from the highest level in almost six months on speculation that the threat to energy and agricultural supplies from escalating tension in Ukraine’s Crimea region may be exaggerated.