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Month: August 2022

Category:
  • United Kingdom

Cash-strapped Britons give up pets as living costs soar

 Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes Continue Reading

Posted On : 14 Aug 2022 Published By : Tom Whipple
Category:
  • Hungary
  • Russia

Gazprom ramps up gas flows to Hungary via Turkstream pipeline, official says

Russia’s Gazprom (GAZP.MM) has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday. European Union Continue Reading

Posted On : 14 Aug 2022 Published By : Tom Whipple
Category:
  • Economy
  • United Kingdom

More cash needed to save Britons from destitution in energy crisis, PM contender Sunak says

 Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in Continue Reading

Posted On : 14 Aug 2022 Published By : Tom Whipple
Category:
  • Germany

Germany must cut gas use by 20% to avoid winter rationing, regulator says

Germany must cut its gas use by a fifth to avoid a crippling gas shortage this winter, its top network regulator said, as businesses and households brace themselves for Europe’s Continue Reading

Posted On : 14 Aug 2022 Published By : Tom Whipple
Category:
  • Prices

Crude oil futures dip on profit-taking, remain on track for strong weekly finish

Highlights US pump prices fall below $4/gal for first time since early March ‘Substantial’ gas-to-oil switching in Europe amid gas crunch: IEA Crude oil futures were lower in mid-morning Asian Continue Reading

Posted On : 13 Aug 2022 Published By : Tom Whipple
Category:
  • Prices

Oil prices set for weekly climb, but cloudy outlook caps gains

– Oil prices were down slightly on Friday but set to rise on the week as recession fears eased through an uncertain demand outlook capped gains. Brent crude futures were Continue Reading

Posted On : 13 Aug 2022 Published By : Tom Whipple
Category:
  • Economy
  • USA

Stocks record their best stretch of the year, as inflation fears recede.

The stock market has notched the year’s best stretch of gains, as investors take comfort from early signals that inflation is slowing and the economy is holding up. The S&P Continue Reading

Posted On : 13 Aug 2022 Published By : Tom Whipple
Category:
  • Coal

Coal Giants Are Making Mega Profits as Climate Crisis Grips the World

The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging Continue Reading

Posted On : 13 Aug 2022 Published By : Tom Whipple
Category:
  • Turkey

Turkey Downgraded by Moody’s Amid Balance-of-Payments Risk

Moody’s cites inflation, lira devaluation, unorthodox policy Turkey’s rating was cut deeper into junk by Moody’s Investors Service as balance-of-payments risks mount and authorities struggle to stabilize the lira and Continue Reading

Posted On : 13 Aug 2022 Published By : Tom Whipple
Category:
  • Iran
  • USA

Iran Signals That Latest Nuclear Deal Proposal Could Be ‘Acceptable’

Unnamed Iranian diplomat says that proposal for nuclear deal by EU could be acceptable. Iran has been seeking assurances that no other U.S. president could unilaterally withdraw from the deal. Continue Reading

Posted On : 13 Aug 2022 Published By : Tom Whipple

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