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Regional benchmark trades at lowest rate since Russia began curtailing supplies to Europe in 2021

Rise highlights continuing market unease despite close to record levels of storage

Increase highlights continuing vulnerability of market to supply disruptions

Increased risk and lack of price incentives diminish appeal of the country’s facilities

Loss of cover in Alps and Pyrenees part of ‘alarming’ global acceleration in melting of ice mass

Sales include stakes in Commerzbank, NatWest, ABN Amro and Monte dei Paschi di Siena

Travellers are booking shorter, cheaper trips but winter bookings are still strong with UK airlines flying at capacity

Strong growth in some eastern and southern countries was offset by declines in many northern EU states

Also in this newsletter: How Brussels wants to retrain car industry workers

Banks and fund managers face shorter window to finalise deals as US reforms its securities market