Mortgage Rates Hit 6.92%, a 20-Year High
U.S. mortgage rates jumped to their highest level in more than two decades. The average 30-year fixed mortgage rate hit 6.92% this week, according to a survey of lenders released Continue Reading
Inflation Is Unrelenting, Bad News for the Fed and White House
Prices continued to climb at a brutally rapid pace in September, with a key inflation index increasing at the fastest pace in 40 years, bad news for the Federal Reserve Continue Reading
EU, U.S. eye level playing field for EU electric cars in U.S. market
– European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status as U.S. ones in the U.S. market, to Continue Reading
Putin touts Turkey gas hub while Europe looks to cut consumption
President Vladimir Putin touted Turkey on Thursday as the best route for redirecting gas supplies to the European Union after Nord Stream pipeline leaks, while Western nations focused on efforts Continue Reading
Kremlin-appointed Kherson leader seeks Russia’s help to evacuate civilians
The Russian-installed head of the occupied Ukrainian region of Kherson has appealed to Moscow for help in evacuating residents, signaling that Kyiv’s counteroffensive in the area may be picking up Continue Reading
Spain Withdraws From European Energy Treaty Over Climate Concerns
After months of speculation, Spain has officially kicked off the process of withdrawing from the Energy Charter Treaty , a European treaty that seeks to protect energy investments, over climate Continue Reading
Russia’s Oil Revenues Drop To The Lowest Level This Year
Falling crude oil prices and declining oil exports resulted in a $3.2-billion drop in Russia’s oil revenues to $15.3 billion for September, the lowest monthly oil export revenue for Moscow Continue Reading
Russia’s Novak casts doubt on Europe’s ability to meet peak winter gas demand
Highlights Situation ‘really critical’ for Europe this winter Novak questions which suppliers can replace Russian gas Deliveries to China to reach 22 Bcm in 2023 Russia’s Deputy Prime Minister Alexander Continue Reading
France’s CGT union extends strikes at TotalEnergies as petrol crisis drags on
France’s CGT union, at the core of a weeks-long strike at oil major TotalEnergies (TTEF.PA) , walked away from wage talks on Thursday night, dashing hopes for an end to Continue Reading
Strikes disrupt power output at French nuclear plants – union
A strike over wages has cut nuclear production at two power stations operated by EDF (EDF.PA) , a French FNME trade union representative said, while two other sites are preparing Continue Reading