People gather in the German capital to protest soaring energy and commodity prices, and denounce the government's stance on the war in Ukraine.

The chief of the European Central Bank (ECB) has warned that the economic outlook “is darkening” and that business activity could “slow substantially” in the coming months amid skyrocketing food and energy prices in the wake of the Ukraine war.

Tens of thousands of people take to the streets across Austria on Saturday in protest against rising energy prices, soaring inflation, and the government’s inability to deal with the cost of living crisis.

Europe could face several winters of gas shortages as cuts to Russian supplies send European wholesale gas prices to a record high, according to Shell chief executive officer Ben van Beurden.

Much of the EU's electricity is generated using gas, as less of it arrives from Russia; EU nations have agreed to reduce gas consumption by 15% until spring.

The euro and the US dollar are worth the same for the first time in two decades, as the official currency of most of the European Union (EU) members has sunk to a record law, amid the war in Ukraine.