Business & Economy

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Germany issues energy warning

Germany issues energy warning

German gas reserves will last less than three months if Russia cuts supply completely,...

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UK inflation smashes 40-year high

UK inflation smashes 40-year high

Consumer price inflation in the UK has jumped to a new high of 10.1% per year, government...

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Japan resumes Russian oil imports

Japan resumes Russian oil imports

Japan’s Finance Ministry says oil imports from Russia resumed in July. source:TROIB...

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German energy provider faces huge losses

German energy provider faces huge losses

German energy concern Uniper suffered a €12.3 billion net loss in the first half...

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Labor shortages hit UK harvest

Labor shortages hit UK harvest

Tens of millions of pounds worth of fresh produce is being left to rot in UK fields...

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Russian regions report rising revenues – RBK

Russian regions report rising revenues – RBK

Budget surpluses were recorded in top Russian regions in the first half of the year...

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Real wages plunge in UK

Real wages plunge in UK

Inflation in the UK is quickly outpacing wage growth, pushing real wages down at...

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Gazprom makes EU gas price prediction

Gazprom makes EU gas price prediction

Russian energy major Gazprom says European gas prices could jump by 60% this winter....

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Germans cut down on gas consumption – industry body

Germans cut down on gas consumption – industry body

Germans consumed nearly 15% less natural gas in the first half of 2022 year-on-year,...

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German industry at risk as Rhine dries up – AP

German industry at risk as Rhine dries up – AP

Extremely low water levels on the Rhine River are impacting freight and ferries...

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UK food inflation hits new peak – study

UK food inflation hits new peak – study

UK food prices spiked at the highest rate since 2008, a study by consulting company...

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EU electricity costs double

EU electricity costs double

The cost of electricity in Europe has more than doubled since the beginning of summer,...

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Russia circumvents Western product deficit

Russia circumvents Western product deficit

The volume of parallel imports to Russia may reach about $16 billion by the end...

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Russia offers trade partners to join its SWIFT alternative

Russia offers trade partners to join its SWIFT alternative

Russia has invited Shanghai Cooperation Organization members to join its financial...

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Afghanistan seeks barter trade with Russia – media

Afghanistan seeks barter trade with Russia – media

Afghanistan reportedly intends to buy a million barrels of Russian crude and discuss...

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Wall Street re-launches Russian bond trading – Reuters

Wall Street re-launches Russian bond trading – Reuters

Major US banks have restarted facilitating trades in Russian debt after a green...