Ukraine's state energy company Naftogaz said on Tuesday that Russia's Gazprom had cut gas supply to Europe via Ukraine to around a third of its normal flow and that the shortage would hit Europe in a few hours.
Investors can take their minds of the financial doom and gloom with a look at what the year will bring in terms of sporting highlights. Chris Shillington from IG Sport has the details.
European stocks closed mostly higher Monday with telecom and energy shares leading the way higher. Kevin Sullivan from Clariden Leu considers the investment outlook.
The Association of British Insurers eased the process for companies looking to conduct major rights issues, by changing the guidelines Monday. Peter Montagnon from Association of British Insurers gives his reaction.
German Chancellor Angela Merkel is under pressure at home and abroad to do more to lift Germany out of recession. Charles Dumas from Lombard Street Research has more.
Chancellor Angela Merkel met with German ministers, business executives and labor leaders Sunday to discuss a second stimulus package worth up to $64 billion. Stefan Bielmeier from Deutsche Bank has more.