German retail sales unexpectedly fall in March
German retail sales fell unexpectedly in March as the war in Ukraine leads to price increases, data showed on Monday. The Federal Statistics Office said retail sales were down 0.1% Continue Reading
EU energy ministers meet to discuss Russian gas, sanctions
European Union energy ministers will meet Monday to discuss Russia’s decision to cut gas supplies to Bulgaria and Poland, and debate planned new sanctions over Moscow’s war on Ukraine. The Continue Reading
Russia Turns on Spending Taps to Blunt Economic Impact of War and Sanctions
Inflation has surged in Russia as sanctions ratcheted up the price of imports. Russia is assembling an economic relief package equivalent to tens of billions of dollars to soften the Continue Reading
EU steps up action on Russian oil sanctions
Germany has called for a phased-in ban on Russian oil imports into the EU, stepping up pressure on Brussels to find a deal between divided member states ahead of a Continue Reading
Putin’s war prompts Russian tech workers to flee country in historic numbers
In his two-bedroom Moscow apartment, 35-year-old start-up wizard Pavel Telitchenko spent years mulling a move from Russia, fearing the gradual rise of a police state. Then, three days after the Continue Reading
Hacktivists and cybercriminals wreak havoc in Russia
For more than a decade, U.S. cybersecurity experts have warned about Russian hacking that increasingly uses the labor power of financially motivated criminal gangs to achieve political goals, such as strategically Continue Reading
Ukrainian Official Outlines Intentional Ambiguity on Strikes Inside Russia
A fuel depot in Russia burst into flames, moments after surveillance video captured the bright streaks of rockets fired from low-flying helicopters. A fire broke out at a military research Continue Reading
Western artillery surging into Ukraine will reshape war with Russia
The Western artillery flooding into Ukraine will alter the war with Russia, setting off a bloody battle of wits backed by long-range weapons and forcing both sides to grow more Continue Reading
LNG Terminals In Europe Are Filling Up Fast
Europe’s LNG terminals are maxed out as the region continues to import record amounts of gas. Europe is likely to import even more LNG in the coming years to displace Continue Reading
Poland’s PGNiG says gas flowing to Novatek customers cut off earlier
Poland’s biggest gas company PGNiG (PGN.WA) said on Saturday morning that it had started delivering gas to 10 different towns and region across Poland that had had their gas cut Continue Reading