US economy hit by unexpected slowdown

posted in: All news, Society | 0

The country’s GDP shrank 1.4% in the first quarter, data shows The US economy unexpectedly declined by an annualized rate of 1.4% during the first three months of 2022, the Department of Commerce said on Thursday, while noting that consumers … Continued

US warns against Russian energy ban

posted in: All news, News | 0

An EU embargo on oil and gas imports could harm the global economy, the treasury secretary says US Treasury Secretary Janet Yellen said on Thursday that a complete European ban on Russian oil and gas imports would “clearly” raise global … Continued

EU changes tune on ruble gas payments

posted in: All news, News | 0

The settlement switch may be possible without breaching sanctions, the European Commission says European Union companies may be able to comply with Russia’s proposed system to pay for gas in rubles without falling foul of the bloc’s sanctions against Moscow, … Continued