Europe must cut down on natural gas this winter as ‘reckless’ Russia could shut off all pipeline flows, IEA warns

The IEA called on Europeans to turn down thermostats by one degree to save on energy this winter. (Photo by Frank Rumpenhorst/picture alliance via Getty Images) Europe needs to focus on gas saving this winter to minimize the calls on storage, the IEA said. A total cut-off in Russian natural gas flows via pipelines to…

Russia is replacing Lego with ‘World of Cubes’ after the toymaker refused to do business there

Minifigures and bricks in a US Lego store. Colton Kidd After Lego left Russia in March, its former distributor is opening a substitute: “World of Cubes.” Though Lego says it stopped exporting to Russia, its goods are still available on the Russian site. Lego is among many international brands that exited Russia following its invasion…

Global M&A, lending falls off a cliff after logging record years, as investment banks prepare for the new normal with slimmed-down teams.

Hi. I’m Aaron Weinman. Today will be my final dispatch as the author of 10 Things on Wall Street. I’m absolutely gutted to be leaving, but after nearly 11 years abroad, I’ve decided to head back to Australia. But you’re in good hands — my Insider colleagues will be leading the newsletter from here. Alas,…

Ukraine said it retook more eastern territory — leaving Russia with less control over the regions it is trying to annex

Ukrainian servicemen ride an amphibious armoured personnel carrier as they drive out of Bakhmut, Donetsk region, in eastern Ukraine, on September 7, 2022. REUTERS/Ammar Awad Zelenskyy said Sunday that Ukraine retook some territory from Russia in the Kherson region. Ukraine’s counteroffensive means Russia does not occupy all of the four regions it wants to annex….

Trump will run for the presidency again in 2024 in a bid to evade legal woes but might not see out the campaign, NYT’s Maggie Haberman says

Former President of the United States Donald J. Trump delivers remarks at a Save America rally in Wilkes-Barre, Pennsylvania on September 3, 2022. Kyle Mazza/Anadolu Agency via Getty Images Trump will likely launch another presidential bid, The New York Times’ Maggie Haberman said.  But he might not see out the campaign, Haberman told CBS News. …

Putin’s top spokesman slapped down warlord Kadyrov’s call to use nuclear weapons

Chechnya’s regional leader Ramzan Kadyrov in February 2022. AP Photo/Musa Sadulayev Warlord and Putin ally Ramzan Kadyrov called for the use of low-yield nukes. Putin’s top spokesman responded by calling for “objective assessments” in discussing nuclear war.  The statements come after multiple mentions — veiled or otherwise — of a nuclear strike.  Russian President Vladimir…

Tesla sinks as the EV maker’s 3rd-quarter deliveries notch a new record but fall short of expectations

Elon Musk at the opening of the new Tesla electric car manufacturing plant in Germany in March. Getty Images Europe Tesla shares dropped Monday after the EV maker’s Q3 report on deliveries missed analyst expectations.  Deliveries of 343,830 marked a new record but also fell short of an estimate of roughly 358,000 vehicles.  The company…