energy prices

The euro area suffered the mildest possible recession during the winter after Russia’s war in Ukraine sent energy prices soaring. The outcome will come as a blow after politicians and European Central Bank officials said…

Stock markets gained ground on Wall Street and in Europe on Thursday as US labour market data gave investors more confidence the Federal Reserve would hold back on further interest rate hikes in its battle against inflation.Worries about…

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause the streak of 10 rate hikes that…

The British government said Sunday it will dispatch 1,200 troops to fill in for striking ambulance drivers and border staff as multiple public sector unions walk off the job in the week before Christmas. Ambulance crews are due to…

British energy giant Shell on Thursday announced net profit totalling $6.7 billion in the third quarter, as oil and gas prices remain strong despite recent slides on easing supply fears. The result compared with a loss…

October will bring shock for many in Britain. At the start of the month, U.K. residents will see an 80 per cent increase in their annual household energy bills, the country’s energy regulator announced earlier this month, following a…

Data released in Germany and the US on Wednesday showed inflation easing slightly in July, although price pressure on consumers in both countries continues as governments and central banks try put the brakes on soaring costs.  In Germany,…

Poland's National Bank of Poland (NBP) has recently published a gloomy outlook for the country's economy, forecasting gross domestic product (GDP) to slump to just 0.5% in the first quarter of next year, and inflation to surge to 18.8%. …

Morale among German businesses has fallen as rising prices for goods and fuel dampen growth prospects, according to a survey by the German ifo institute think tank published on Monday. "High energy prices and the threat of gas scarcity are…

His torso is pierced with several arrows, but still there's something cheerful about him: Tied to a tree and wearing a simple loin cloth, St. Sebastian smiles down at you, bleeding, from a mural painted on the wall of a building in the…