The British manufacturing industry is facing its worst winter since the 1970s as spiking energy costs could result in blackouts and shutdowns, Bloomberg reported on Friday....
The upcoming winter may turn out to be a tough one for European states and they themselves are to blame for it, warned Turkish President, Recep...
Renowned economist Nouriel Roubini issues a warning as the Fed tries to curb soaring inflation The US economy could sink into a quagmire of shrinking output,...
The German government has agreed a €65 billion financial aid package to ease inflation-driven pressure from a tightening power-supply crisis in the European Union, AFP reported...
A €65-billion financial aid package adopted by Berlin as the latest attempt to ease inflation-driven pressure from a tightening power-supply crisis won’t help the EU’s biggest...
The European Council gave final approval on Friday to a plan that would see EU countries reduce their gas consumption by 15% over the coming months....
Agency sees ‘negative’ outlook for the economies of Italy, the Czech Republic and Slovakia Moody’s rating agency on Friday changed its outlook on the economies of...
Income thresholds need to be changed so more people qualify for housing benefits, German tenants’ union says At least a third of Germans on low incomes...
Analysts say the region will run out of gas by March if they don’t cut down on consumption Fully-stocked gas storage facilities may not be sufficient...
The gas pipeline was shut because contracts for shipping and repair were violated by Brussels, according to Moscow Russian Deputy Prime Minister Alexander Novak has blamed...
Britain was previously overtaken by its former colony in 2019 India has become the world’s fifth-largest economy after overtaking the UK, its former colonial master, during...
The Chinese currency outperformed the euro by volume of trading, but comes in second after the US dollar The Chinese currency the yuan outperformed the euro...
The US is being forced to negotiate oil supplies with Russia and the Organization of Petroleum Exporting Countries (OPEC) due to the loss of energy independence...
The price of gas futures in Europe has plunged nearly 22%, below $1,000 per 1,000 cubic meters, on news that Russia is willing to ramp up...
Major global crude benchmarks Brent and WTI continued to trade below $70 per barrel on Tuesday after the Organization of the Petroleum Exporting countries (OPEC) and...
China’s gross domestic product (GDP) rose by 7.9% in the second quarter compared to last year, its National Bureau of Statistics said Thursday. The growth rate...
Crude prices fell nearly 1% on Thursday with the market bracing for a surge in supplies after reports that an output deal between the Organization of...
The United States has decided to temporarily waive sanctions on Iranian oil funds abroad but without returning Tehran’s access to its bank accounts in Japan and...
The Industrial and Commerce Bank of China (ICBC) has enabled a feature allowing users to convert their digital yuan to cash at over 3,000 automated teller...
Sensitive data from over 100 UK Treasury phones, including text messages related to the Greensill lobbying scandal involving former Prime Minister David Cameron, was deleted after...
