Economy & Business

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IMF and World Bank sound alarm over recession

IMF and World Bank sound alarm over recession

The heads of the IMF and World Bank warn the world economy is slowing down and edging...

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Russia may redirect EU coal supply

Russia may redirect EU coal supply

Russian coal earmarked for EU can be redirected to alternative markets, Deputy PM...

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Wheat prices rise sharply on Ukraine deal fears – Bloomberg

Wheat prices rise sharply on Ukraine deal fears – Bloomberg

Monday’s missile attacks in Ukraine caused wheat prices to soar, Bloomberg reports...

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Major Russian bank winds down Swiss business – top official

Major Russian bank winds down Swiss business – top official

Gazprombank will transfer its remaining business operations in Switzerland to partners,...

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Ukraine grain deal may go bust – Bloomberg

Ukraine grain deal may go bust – Bloomberg

Monday’s missile attacks in Ukraine caused wheat prices to soar, Bloomberg reports...

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Hungary and Serbia agree on new route for Russian oil supply

Hungary and Serbia agree on new route for Russian oil supply

Serbia will set up a new pipeline to Hungary to secure the supply of Russian oil...

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EU calls for ‘stress test’ of critical energy infrastructure

EU calls for ‘stress test’ of critical energy infrastructure

The EU needs to step up protection of the bloc’s critical energy infrastructure,...

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Gas prices in Europe drop to three-month low

Gas prices in Europe drop to three-month low

Europe’s November gas futures dropped to the lowest point since July 1 on warmer-than-expected...

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French gas stations running out of fuel amid union strike – media

French gas stations running out of fuel amid union strike...

TotalEnergies has agreed to speed up wage talks to end the nearly two-week-long...

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OPEC move balances 'chaos that the Americans create’ – Kremlin

OPEC move balances 'chaos that the Americans create’ –...

OPEC’s decision to slash oil production is a “victory for common sense,” Dmitry...

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Russia estimates harvest potential of new regions

Russia estimates harvest potential of new regions

Russian Ministry of Agriculture expects growth of grain harvest in Russia due to...

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US takes aim at China’s chip industry

US takes aim at China’s chip industry

Washington has unveiled a new set of export controls further curbing China’s access...

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Russia to take over major oil project

Russia to take over major oil project

Russian President Vladimir Putin has signed a decree ordering the transfer of the...

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US breaks record for EU gas supplies – Reuters

US breaks record for EU gas supplies – Reuters

For the first time, the US is supplying more natural gas to Europe than Russia but...

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Italy announces winter heating restrictions

Italy announces winter heating restrictions

Italy has introduced a new winter energy savings plan that will cut the heating...

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China profits from sanctions on Russia – WSJ

China profits from sanctions on Russia – WSJ

Chinese firms that have long-term contracts are re-exporting excess gas to Europe...