Economy & Business
Norway refuses to cut gas price for Europe
Norway will not reduce gas price for Europe despite the worsening energy crisis,...
South Korea seals nuclear deal with Russia
South Korea signs a $2.25 billion deal with Russia’s Rosatom to supply parts for...
Power costs in Germany hit historic highs
German power prices rise to €800 per megawatt hour for the first time, as fears...
EU electricity prices soar to new highs
European electricity prices surge amid rising energy demand and lower gas flows...
UK energy bills to rise by 80%
The UK energy price cap has been hiked by 80% to £3,549 a year, government regulator...
Russia to broaden scope of national currencies trade
Russia plans to propose switching to national currencies in trade between the members...
EU power prices soar to new highs
European electricity prices surge amid rising energy demand and lower gas flows...
Germans warned of toilet paper shortage
Germany may face shortages of toilet paper due to gas supply problems, industry...
Switzerland to slash winter energy consumption – media
Gas consumption in Switzerland could be reduced by 15% as a safeguard against potential...
Eurozone already in recession – UBS
Euro area plunged into ‘shallow’ contraction that will last until the end of 2022,...
Major US bank to wind down Russia operations – WSJ
Banking giant Citigroup has decided to exit its consumer and commercial business...
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...
India bans wheat flour exports
India has restricted wheat flour exports to bring down prices on the domestic market...
UK energy crisis may be worse than 2008 crash – Bloomberg
The energy crisis in the UK could have a more severe impact on households than the...
Russia and India no longer need US dollar – BRICS president
Russia and India don’t need the US dollar to conduct mutual settlements, having...
Germany reveals new energy limitations
The German government has approved a package of measures aimed at reducing gas consumption...
