Aldi supermarkets will close early this winter to assist Germany’s efforts to save energy.
Luxembourg meanwhile announced a four-tier ranking of who will get priority if energy has to be rationed.
British retailers said they were prepared to heed energy-saving advice if shortages occur.
The measures are Europe’s latest preparations for a difficult winter after Russian cuts tore a hole in its gas supplies.
Households have been told to cut back on energy use to save money and make Europe’s limited supplies last longer.
Germany on Thursday announced a second week of encouraging figures as warmer weather helped drive down gas use.
Household gas consumption in the second week of October was 31 per cent down compared with the average of the past four years.
Industrial use was also down and storage tanks were more than 96 per cent full as of Thursday.
“This is encouraging … we have to carry on like this,” said Germany’s power grid regulator as it released the figures.
The push to save gas comes as Germany rapidly builds new terminals on its northern coast so it can import directly from suppliers other than Russia.
“We have to slap ourselves on the wrist and say we failed in that regard in the past few decades,” a German government official said.
“While other European countries built up import infrastructure, we are now quickly playing catch-up.”
The news came as Aldi announced that its 2,220 shops in the north of Germany would make an “active contribution” by closing at 8pm instead of 9pm or 10pm.
The early closure will stay in place throughout the winter, in an echo of the coronavirus-related curfews of the past two years.
It goes beyond moves by retailers such as France’s Louis Vuitton group and Austrian supermarket Spar to dim the lights while their shops are still open.
In the UK, ministers have refrained from issuing formal energy-saving advice as their EU colleagues have done.
But a spokeswoman for the British Retail Consortium told The National: “Retailers already have a strong focus on energy efficiency and will pay attention to all advice on energy supply if and when it emerges.”
Supermarket chain Morrisons said it continually looked ahead to external factors that could affect its business.
In Luxembourg, consumers have been sorted into four categories ranked by how urgently they need gas.
In an emergency situation, companies could be forced to switch fuels or take a “haircut” in their gas supply.
Schools, hospitals and domestic households would be the last to have their power cut in an emergency.
In Switzerland, ministers on Thursday announced an “energy saving alliance” with more than 180 companies and local authorities to encourage lower use.
The country is aiming to emulate the 15 per cent gas savings being targeted in the EU, under the motto: “Energy is scarce. Let’s not waste it.”
The situation was even more precarious in Ukraine, where Russian air strikes have knocked out about 30 per cent of the country's energy infrastructure.
President Volodymyr Zelenskyy on Thursday told people to cut back electricity use and brace for potential four-hour blackouts.
The EU’s 27 leaders were assembling in Brussels on Thursday to discuss a joint response to the crisis.
A particularly contentious question is whether to cap wholesale gas prices, as France and more than a dozen other EU members are demanding.
Germany and others are concerned that tankers carrying liquid gas would not deliver to Europe if the offered price is too low.
Luca Visentini, the general secretary of the European Trade Union Confederation, said millions were struggling to afford food and energy.
“Some progress has been made but action needs to match the urgency of the situation if we are to avoid this crisis costing lives this winter,” he said after meeting EU leaders.
UAE currency: the story behind the money in your pockets
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The biog
Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
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%3Cp%3EFly%20with%20Etihad%20Airways%20from%20Abu%20Dhabi%20to%20New%20York%E2%80%99s%20JFK.%20There's%2011%20flights%20a%20week%20and%20economy%20fares%20start%20at%20around%20Dh5%2C000.%3Cbr%3EStay%20at%20The%20Mark%20Hotel%20on%20the%20city%E2%80%99s%20Upper%20East%20Side.%20Overnight%20stays%20start%20from%20%241395%20per%20night.%3Cbr%3EVisit%20NYC%20Go%2C%20the%20official%20destination%20resource%20for%20New%20York%20City%20for%20all%20the%20latest%20events%2C%20activites%20and%20openings.%3Cbr%3E%3C%2Fp%3E%0A
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
Kandahar%20
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
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The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now