Economy & Business

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China ramps up gold buying – Bloomberg

China ramps up gold buying – Bloomberg

China has boosted purchases of gold, signaling growing demand as Covid restrictions...

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Yuan overtakes dollar on Moscow Exchange

Yuan overtakes dollar on Moscow Exchange

Trading volume in the yuan-ruble pair has outpaced the dollar-ruble pairing for...

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Yuan trounces dollar on Moscow Exchange

Yuan trounces dollar on Moscow Exchange

Trading volume in the yuan-ruble pair has outpaced the dollar-ruble pairing for...

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UK consumer spending plunges – report

UK consumer spending plunges – report

Consumer spending in Britain dropped amid record inflation, according to statistics...

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Eurozone inflation hits all-time high

Eurozone inflation hits all-time high

Eurozone inflation hit a record 8.9% in July, the highest level in the monetary...

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EU gas prices seven times higher than in US – CNN

EU gas prices seven times higher than in US – CNN

European natural gas prices continue to soar, exceeding those in the US, according...

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Flotilla of diesel ships from Asia coming to Europe’s rescue

Flotilla of diesel ships from Asia coming to Europe’s rescue

Asia-to-Europe diesel shipments are projected to reach the highest level in five...

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Energy crisis forces EU aluminum plant to shut down

Energy crisis forces EU aluminum plant to shut down

A major European aluminum smelter has been forced to halt production due to soaring...

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UK awaits shipment of Australian LNG – media

UK awaits shipment of Australian LNG – media

The UK has started buying liquefied natural gas (LNG) from distant Australia, Bloomberg...

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More Russian oil headed for Asia – Bloomberg

More Russian oil headed for Asia – Bloomberg

Myanmar has started importing Russian oil, Bloomberg reports Read Full Article at...

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Greens offer solution to UK energy crisis

Greens offer solution to UK energy crisis

The UK’s Green Party has proposed nationalizing energy firms to ease the current...

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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 Read Full...

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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...