A man carries gas bottles in Nicosia, Cyprus. File/Reuters
The gas cuts came amid guarded hope of resuming exports this week of another key commodity — Ukraine's grain — under a breakthrough deal that was called into question by a strike by Moscow on the key port of Odessa.
The European Union is preparing an emergency plan to separate power prices from the soaring cost of gas — as well as longer-term reforms aimed at ensuring electricity prices reflect cheaper renewable energy. Energy ministers from EU countries will meet on Sept. 9 to discuss how to ease the burden of soaring energy prices on businesses
Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession. The primary cause: Russia has choked off the supplies of cheap natural gas that the continent depended on for years to run factories, generate electricity and heat homes. That has pushed European
International Monetary Fund (IMF) Managing Director Kristalina Georgieva flagged rising inflationary pressures and China’s economic slowdown as risks to Asia’s economic outlook,
The Middle East market for security, safety, and fire protection is on track for double-digit growth over the next four years, as regional governments and the private sector look for improved technologies
US job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labour, which could give the Federal Reserve confidence