05.09.2022

Since the war in Ukraine began, a central target for Western governments has been to try and limit Russia's revenues from its energy exports. Sanctions have had scant success in that regard. Higher-than-expected oil export volumes and…

The euro sank below $0.99 to a new 20-year low on Monday after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. In recent months, the common currency's value…

The euro sank below $0.99 to a new 20-year low on Monday after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. In recent months, the common currency's value…

Germany's federal government will spend €65 billion ($64.6 billion) in relief measures to help the population weather the current energy crisis and inflation. "I am very pleased with the result," said Chancellor Olaf Scholz, who has been…

Liz Truss's path to becoming the new leader of the Conservative Party — and as a result, the UK's new prime minister — turned into a coronation in the end. However, she won't have much time to savor the fact of beating Rishi Sunak to the…

European gas prices shot up in early trading on Monday as markets reeled from Russia's move to halt deliveries on a major pipeline. The European benchmark gas contract soared over 30% at the start of trading. Meanwhile, the Europe-wide…