Economy & Business

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US issues bleak economic data

US issues bleak economic data

A key US inflation measure advanced last month to its highest level in 40 years,...

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The Economist weighs fates of Russian and EU economies

The Economist weighs fates of Russian and EU economies

The Russian economy is on track to recover while the EU is facing a worsening downturn...

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Putin offers Türkiye deal on EU gas supplies

Putin offers Türkiye deal on EU gas supplies

President Putin put a “gas hub” plan to his Turkish counterpart and proposed a new...

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Saudi Arabia reveals US pressure over oil cut

Saudi Arabia reveals US pressure over oil cut

Saudi Arabia says OPEC’s decision to slash oil production was based on economics...

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Tehran proposes new energy plan

Tehran proposes new energy plan

Iranian deputy oil minister proposed an energy consortium and a joint investment...

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US Treasury Secretary reveals Russian oil price cap target

US Treasury Secretary reveals Russian oil price cap target

The US Treasury says a price cap on Russian oil in the $60-a-barrel range would...

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US oil price cap proposal looks inadequate – Moscow

US oil price cap proposal looks inadequate – Moscow

Russian Deputy Prime Minister Aleksandr Novak says the US oil price cap proposal...

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Moscow proposes new platform for gas pricing

Moscow proposes new platform for gas pricing

President Putin put a “gas hub” plan to his Turkish counterpart and proposed a new...

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Top UK pub chain selling bars due to energy prices

Top UK pub chain selling bars due to energy prices

UK pub chain Marston’s will sell some of its sites as sales continue to lag behind...

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Saudi Arabia defends oil cut, reveals US request

Saudi Arabia defends oil cut, reveals US request

Saudi Arabia says OPEC’s decision to slash oil production was based on economics...

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Washington reveals price cap range for Russian oil

Washington reveals price cap range for Russian oil

The US Treasury says a price cap on Russian oil in the $60-a-barrel range would...

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New Zealand anti-Russia sanctions threaten wine supply

New Zealand anti-Russia sanctions threaten wine supply

New Zealand is among Russia’s top ten wine suppliers, its Sauvignon Blanc variety...

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Major German power supplier hikes prices

Major German power supplier hikes prices

Germany’s EnBW power utility will further raise consumer gas prices this year amid...

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Saudi Arabia unveils US oil demand

Saudi Arabia unveils US oil demand

Saudi Arabia said OPEC’s decision to slash oil production was based in economics...

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Diesel prices threaten global recession – Bloomberg

Diesel prices threaten global recession – Bloomberg

Diesel prices in the EU and the US surge, stoking inflation and raising the risk...

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‘Ball in EU’s court’ on gas supplies – Putin

‘Ball in EU’s court’ on gas supplies – Putin

President Putin has suggested creating a gas hub in Türkiye for Russian energy supply...