Pound plunge the latest ill omen as market stress rises
Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone yields higher as the fall out from last week’s fiscal statement in Continue Reading
APPEC U.S. official rules out secondary sanctions for Russian oil price cap
A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican Continue Reading
Ukrainians scared by Russia’s preordained referendums
After seven weary months of the war, many Ukrainians fear more suffering and political repression awaits them as referendums orchestrated by the Kremlin with help from gun-toting police portend Russia’s Continue Reading
Lights out, ovens off: Europe preps for winter energy crisis
As Europe heads into winter in the throes of an energy crisis , offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat Continue Reading
Pushing East of Kupyansk, Ukrainian Forces Expand Offensive
KUPYANSK, Ukraine—The grain elevator towering over the eastern edge of Kupyansk, the former seat of Russian power in Ukraine’s Kharkiv region, was supposed to be defended by soldiers from an Continue Reading
Germany Readies Electricity Price Cap as Economic Pain Mounts
Germany is preparing to introduce a national electricity price cap this fall if the European Union fails to agree on a similar move for the entire bloc, according to government Continue Reading
Military briefing: How will Russia’s mobilisation affect the war in Ukraine?
Images of drunken conscripts brawling and staggering as they depart for the Russian army suggest Vladimir Putin could have difficulty in creating effective fighting forces for his war in Ukraine Continue Reading
U.S. Warns Russia of ‘Catastrophic Consequences’ if It Uses Nuclear Weapons
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
Germany Seals Milestone LNG Deal With The UAE
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
EU countries push to keep their own energy crisis measures
European Union countries are pushing for guarantees that they can keep their own windfall profit levies on energy companies, and retain the option to impose even tougher measures, alongside bloc-wide Continue Reading