UK inflation smashes 40-year high

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Food and energy led the 10.1% price spike The UK’s consumer price inflation surged to a new high of 10.1% per annum in July, up from 9.4% in June, according to new estimates from the Office for National Statistics (ONS). … Continued

Japan resumes Russian oil imports

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Crude purchases restarted in July after falling to zero in the previous month Japan resumed its purchases of Russian oil in July, according to information released on Wednesday by the country’s Finance Ministry. In the previous month, imports fell to … Continued

German energy provider faces huge losses

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Bailed-out Uniper blames shrinking gas flows from Russia for its disastrous financial performance German electric utility Uniper suffered a €12.3 billion ($12.5 billion) net loss in the first half of 2022 due to a sharp decline in natural gas supplies … Continued