June 24, 2022
June 24, 2022

Recession fear stalks oil, copper and stocks

Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on Thursday as investors weighed the risk of hefty interest rate rises tipping economies into recession.

June 23, 2022
June 23, 2022

Brussels worried about EU countries’ shift back to coal

Brussels and NGOs expressed concerns Tuesday about several EU countries, including Germany, reverting to using coal for power generation as the fall-out from Russia’s war in Ukraine hits energy supplies.

June 23, 2022
June 23, 2022

UK inflation hits 40-year high

British annual inflation has hit a fresh 40-year high, official data showed Wednesday, further eroding workers’ wages and pressuring the Bank of England to keep on raising interest rates.

June 22, 2022
June 22, 2022

Germany risks recession as gas crisis deepens

Germany faces certain recession if already faltering Russian gas supplies completely stop, an industry body warned on Tuesday, as Sweden joined a growing list of European nations rolling out emergency plans to cope with a deepening energy supply crisis.

June 22, 2022
June 22, 2022

US in talks with allies on Russian oil price cap

The United States is in talks with Canada and other allies to further restrict Moscow’s energy revenue by imposing a price cap on Russian oil, Treasury Secretary Janet Yellen said on Monday.

June 21, 2022
June 21, 2022

Germany resorts to coal amid Russia gas supply cuts

Germany announced emergency measures on Sunday to ensure its energy needs after a drop in Russian gas supplies, including reverting to coal in what it called a  “bitter but indispensable” step.

June 20, 2022
June 20, 2022

Russia gas squeeze threatens Europe’s stockpiling plans

With France becoming the latest country to be cut off from Russian natural gas, and supplies sharply reduced in Italy and Germany, Europe’s summer stockpiling plans are looking shaky.

June 20, 2022
June 20, 2022

Problems soar for airlines despite pandemic recovery

Desperate to put the coronavirus pandemic behind them, airlines will hold talks on Sunday ahead of a potential summer of chaos with shortages and strikes that could threaten their recovery.

June 20, 2022
June 20, 2022

Russian institutions in rare public discord over economy

Russia’s economic authorities have clashed over inflation and growth forecasts in rare public displays of discord at a flagship forum in Saint Petersburg.

June 20, 2022
June 20, 2022

Central banks walk inflation-recession tightrope

Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the adverse side effect of tipping countries into recession, analysts say.