Press play to listen to this article Expressed by artificial intelligence. The EU is in emergency mode and preparing a major subsidy campaign to prevent European industry from being wiped out by US rivals, two senior EU officials have told POLITICO. Europe faces a double hammer blow from the United States If it weren’t enough …
EU plans subsidy war chest as industry faces ‘existential’ threat from US Read More »
People warm up near the fires outside the main railway terminal in Lviv, Ukraine. Dan Kitwood | Getty Images News | Getty Images More than 10 million Ukrainians have fled the country since the start of the war, but many of those who have remained – particularly in the south and east of the country …
The Department of Agriculture says Russia’s ongoing war in Ukraine is one of the reasons your Thanksgiving dinner is more expensive than last year. A USDA memo this month said turkey prices would be higher due to this year’s outbreak of highly pathogenic avian influenza (HPAI), which killed 8 million people. turkeys in 2022. But …
USDA accuses Russia of raising the price of Thanksgiving dinner Read More »
NUSA DUA, Indonesia (AP) — China and India, after months of refusing to condemn Russia’s war in Ukraine, did not block the release this week of a statement by the world’s major economies that sharply criticizes Moscow. Could this finally signal yet another bold policy shift by Beijing and New Delhi to align with what …
Analysis: Have China and India changed their position on the war against Russia? Read More »
The threat of a sharp rise in gas prices and supply disruptions is growing as Europe heads into winter without the assurance of plentiful, cheap gas from Russia. These gas supplies could come to a complete halt if the European Union (EU) gives final approval to a cap on gas prices from Russia at its …
Iran eyes new export markets for gas from South Pars | OilPrice.com Read More »
BERLIN (AP) — Germany and Poland on Monday announced separate takeovers of natural gas companies linked to Russian energy giant Gazprom, saying the moves were aimed at securing supply as Europe grapples with an energy crisis related to the war in Ukraine. Germany says it is nationalizing the former German subsidiary of Gazprom months after …
Germany and Poland buy natural gas companies linked to Russia Read More »
Agathe Demarais is director of global forecasts at the Economist Intelligence Unit. His new book on the effects of US sanctions, “Backfire”, will be released next week. Russia has turned energy supply into an economic weapon. The strategy is evident in Ukraine, where Russian drones and missiles bomb power plants. But it’s also evident in …
October’s colder-than-expected consumer inflation report sparked a massive rally in stocks that could herald the traditional fourth-quarter rally of the midterm election year. Bond yields fell sharply as stocks soared after October’s consumer price index rose 0.4%, less than the 0.6% expected. The gain was 7.7% from a year ago, less than the 7.9% expected …
