The deal struck with QatarEnergy is set to go into effect in 2026 and last 15 years. Berlin is seeking to replace Russian gas, which used to cover over one half of Germany’s annual supply....
Eurozone: The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon. Inflation reached 10.7% across the 19 countries that use the euro currency,...
The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
As the EU attempts to unpick its reliance on Russian gas, it could become more dependent on Chinese supplies, some of which come from Russia. This might undermine the aim of reducing purchases of its...
Despite Western sanctions, Russia seems to have won the energy market. But some say Moscow will soon run out of cash. Russia’s economy was predicted to collapse after Western countries imposed unprecedented sanctions on Moscow over...
The nightmare scenario of a cold winter without access to heating seems to be off the table, according to Germany’s economy minister, while Russian gas now accounts for less than 10% of Germany’s consumption. German...
Ukraine’s central bank has been de facto printing money to pay its troops, but the measure is unsustainable. More international support is vital, but how much new cash could be raised domestically? As the war against...
The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring the three-day increase to about 22 bp. The Italian premium over Germany has risen by...
Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar. Saudi Arabia’s national oil...
Turkish President Recep Tayyip Erdogan also says his country will extend use of Russia’s Mir payment system. His announcements came after meeting with Russian leader Vladimir Putin in Sochi. Turkey will switch part of its...
The US Dollar has been the global reserve currency ever since 1944 when the Bretton Woods Agreement was signed between the major nations of the world. For the uninitiated, a global reserve currency is a...
European demand has kicked the US LNG industry into high gear, but its capacity is too low and the climate is being caught in the crossfire. As Europe weans itself off Russian energy as punishment...
