Russia has barred investors from so-called hostile nations from selling shares in important energy projects and banks until the end of the year, increasing pressure on the West in the sanctions standoff. Since Russia’s incursion into Ukraine in late February,… Read More ›
Data reveal that Eurozone retail sales fell more than predicted in June as factory gate prices continued to climb, indicating a deterioration in consumer demand that could presage a recession in the second half of the year. Eurostat, the European… Read More ›
The US economy shrank for the second quarter in a row, a milestone that would be called an economic recession in many other countries. That is not the case in the United States, where the decision is made using additional… Read More ›
On Wednesday, gas flows via Nord Stream 1 plummeted to one-fifth of the pipeline’s capacity, causing Germany’s network authority to issue yet another plea to families and industry to conserve energy and prevent rationing. The drop in flows comes only… Read More ›
Russia’s Foreign Minister, Sergei Lavrov, who is on a diplomatic assault in Egypt, has denied that Moscow is to blame for the global food crisis. He claimed that Western governments were distorting the reality about the effect of sanctions on… Read More ›
British retail sales fell in June as drivers cut back on record-high gasoline prices, with consumers spending less than predicted, according to figures, albeit the trend remained modest as households struggled with increasing inflation. The Office for National Statistics reported… Read More ›
Russia’s energy behemoth has threatened to deliver less gas to Europe, but Germany, one of the country’s largest importers, has rejected the proposal. The majority of the company is owned by the government. Gazprom announced on Monday that it is… Read More ›
H&M has announced its exit from Russia, but will temporarily reopen its stores to sell off its remaining inventory. Due to the Ukraine crisis, the world’s second-largest clothing retailer claimed it would be “difficult” to continue doing business in Russia…. Read More ›
An airline executive has warned that if fuel prices rise, the cost of plane tickets will rise “without a doubt.” Oil prices have risen as economies recover from the Covid epidemic and as a result of the Ukraine conflict. According… Read More ›
The Wall Street Journal reported Friday that Google has offered to transfer sections of its ad-tech division into a separate entity under its parent firm Alphabet in order to avoid a second antitrust lawsuit from the Department of Justice. Such… Read More ›
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