Germany is currently in an “extremely tense situation” in terms of energy supply, Economy Minister Robert Habeck said on Friday, adding that Europe’s biggest economy still risks running out of Continue Reading
Russian exports of crude oil and refined products declined substantially in September, according to Petro-Logistics data cited by UBS commodity analyst Giovanni Staunovo. According to Petro-Logistics, total Russian crude oil Continue Reading
If Moscow carries out a threat to sanction Ukrainian energy firm Naftogaz, one of the last functioning Russian gas supply routes to Europe could be shut, exacerbating the energy crisis Continue Reading
Switzerland’s glaciers are melting like never before, an academic study released Wednesday found, with their ice volume declining by 6% this year amid rising concerns about global warming and a Continue Reading
People bid farewell to reservists drafted during the partial mobilization in the Omsk region, Russia. A costly troop mobilization , plunging energy prices and a new round of Western sanctions Continue Reading
The Pentagon said on Wednesday it would send an additional $1.1 billion in long-term military aid to Ukraine, including 18 High Mobility Artillery Rocket System launchers, or HIMARS, one of Continue Reading
n a sign that the United States and its allies believe that the fighting in Ukraine will last years, military officials from more than 40 countries gathered at NATO’s headquarters Continue Reading
Food inflation has soared to the highest rate ever recorded. Fresh food swelled to 12%, while the price of animal feed and fertilizer climbed even higher. Shoppers are expected to Continue Reading
UK retailers are facing a “mortgage time bomb,” with rising interest rates set to have twice the impact on consumer finances as the recent surge in utility bills, according to Continue Reading
A new forecast by Germany’s leading economic institutes predicts the eurozone’s largest economy will slip into recession next year, triggered largely by a “drastic” increase in energy costs caused by Continue Reading
