Russian gas flows to Austria dropped 90 percent on Tuesday amid a dispute between Moscow and Ukraine, oil and gas group OMV said, but added it was using its natural gas reserves to cover the shortfall.
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.