Economy & Business

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European gas prices continue to soar

European gas prices continue to soar

Natural gas prices in Europe surged to nearly $3,500 per thousand cubic meters on...

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France seeks to mend fences with energy-rich former colony

France seeks to mend fences with energy-rich former colony

French President Emanuel Macron visits Algeria as the EU energy crisis deepens Read...

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EU nation wants to resume buying Russian gas

EU nation wants to resume buying Russian gas

Bulgaria is ready to resume natural gas import negotiations with Russia’s Gazprom,...

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Norway refuses to cut gas price for Europe

Norway refuses to cut gas price for Europe

Norway will not reduce gas price for Europe despite the worsening energy crisis,...

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South Korea seals nuclear deal with Russia

South Korea seals nuclear deal with Russia

South Korea signs a $2.25 billion deal with Russia’s Rosatom to supply parts for...

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Power costs in Germany hit historic highs

Power costs in Germany hit historic highs

German power prices rise to €800 per megawatt hour for the first time, as fears...

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EU electricity prices soar to new highs

EU electricity prices soar to new highs

European electricity prices surge amid rising energy demand and lower gas flows...

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UK energy bills to rise by 80%

UK energy bills to rise by 80%

The UK energy price cap has been hiked by 80% to £3,549 a year, government regulator...

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Russia to broaden scope of national currencies trade

Russia to broaden scope of national currencies trade

Russia plans to propose switching to national currencies in trade between the members...

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EU power prices soar to new highs

EU power prices soar to new highs

European electricity prices surge amid rising energy demand and lower gas flows...

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Germans warned of toilet paper shortage

Germans warned of toilet paper shortage

Germany may face shortages of toilet paper due to gas supply problems, industry...

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Switzerland to slash winter energy consumption – media

Switzerland to slash winter energy consumption – media

Gas consumption in Switzerland could be reduced by 15% as a safeguard against potential...

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Eurozone already in recession – UBS

Eurozone already in recession – UBS

Euro area plunged into ‘shallow’ contraction that will last until the end of 2022,...

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Major US bank to wind down Russia operations – WSJ

Major US bank to wind down Russia operations – WSJ

Banking giant Citigroup has decided to exit its consumer and commercial business...

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Russia and Iran move to create global gas cartel – media

Russia and Iran move to create global gas cartel – media

A gas cartel could soon be launched by Russia and Iran that would be as powerful...

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India bans wheat flour exports

India bans wheat flour exports

India has restricted wheat flour exports to bring down prices on the domestic market...