Germany suspended certification of the recently completed Nord Stream 2 pipeline, saying it could only certify a company that was organized under German law. The announcement means gas will not begin flowing in the underwater pipeline for at least another several months. The move comes amid recent tensions between Moscow and Europe over issues surrounding Belarus and Ukraine. The news caused a jump in European natural gas prices .
A virtual summit was held between US President Joe Biden and Chinese President Xi Jinping on Tuesday, this was the first such meeting between the two since Biden took office. Taiwan topped the agenda as the meeting dealt with numerous topics that have caused tensions between the two nations. There is hope the meeting will lead the two nations away from conflict as Xi referred to Biden as “an old friend” and a Chinese Foreign Ministry spokesperson calling the meeting “candid and constructive.”
Chinese authorities have vowed once again to crackdown on crypto mining and said the process was “extremely harmful” and a threat to the countries efforts to reduce its carbon emissions. The move had an impact on crypto markets with bitcoin dropping below $60,000 during morning trading in Europe.
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