July 29, 2022
July 29, 2022

Germany set to impose gas levy on consumers

Germany is set to impose a levy on all gas consumers from October 1 aimed at helping suppliers grappling with soaring gas import prices, a draft law showed on Thursday.

July 28, 2022
July 28, 2022

Oil rises by $1 a barrel

Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming US interest rate hike.

July 27, 2022
July 27, 2022

Russia-made goods replacing its imports, says Nielsen

Russia-made products accounted for 83 per cent of the country’s market for common consumer goods in the first half of 2022, up 4 per cent on a year before, according to a report published by NielsenIQ on Tuesday.

July 27, 2022
July 27, 2022

Most Britons keeping tabs on spending

Sales volumes at UK supermarkets fell 4.1 per cent year-on-year in the four weeks to July 16, with nine out of ten Britons saying they are increasingly watching what they are spending as they battle a cost of living crunch, industry data showed on Tuesday.

July 27, 2022
July 27, 2022

German nuclear exit wobbles as energy crisis looms

A looming energy crisis has rekindled debate in Germany about the wisdom of shutting down the country’s last three nuclear power plants, with even members of the ruling coalition saying an extension is no longer taboo.

July 27, 2022
July 27, 2022

Russian gas squeeze to hit Europe’s economy

Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.

July 27, 2022
July 27, 2022

First Ukraine grain shipments to move in days

The first shipments of Ukrainian grain could leave Black Sea ports within days under a UN-brokered deal to tackle a global food crisis that has worsened since Russia invaded its neighbor, the United Nations and Ukraine said on Monday.

July 26, 2022
July 26, 2022

German airline orders 41 Airbus A320 jets

German charter airline Condor has ordered 41 A320 Airbus jets as it renews its fleet with aircraft using less fuel and emitting less carbon dioxide, the two companies said yesterday.

July 26, 2022
July 26, 2022

France against uniform targets on gas use cuts

France is against setting uniform targets for the reduction of gas consumption in Europe amid a looming energy crisis, said French energy ministry officials.

July 26, 2022
July 26, 2022

Oil price rises

Oil prices rose on Monday in seesaw trading as the market balanced supply fears with expectations that rise in US interest rates would weaken fuel demand.