German households braced for heavy levy as country counts cost of Russian squeeze August 15, 2022 German households will suffer the heavy price of a Russian supply squeeze on European gas flow, with a new levy on their energy bills.
China economy wilts under weight of ‘zero Covid’ restrictions and soft demand August 15, 2022 Strict adherence to blunt restrictions on daily life to deal with Covid-19 outbreaks is sending a chill through the Chinese economy, a raft of data released today showed. Beijing’s blanket lockdowns across some of the country’s economic powerhouses, including Shanghai, one of the world’s top trade hubs, are weighing on output. Retail sales growth in [...]
Ach Nein! Rhine water level threatens to leave European shipping high and dry August 14, 2022 AMIDST the doom and gloom of recent headlines, there have been some early signs of optimism that the worst of the globe’s supply chain crisis could be passing. A major benchmark of the time taken for a good to get from the factory to its destination port – the Flexport Ocean Timeliness Indicator – has [...]
Russian economy shrinks by four per cent due to impacts of Western sanctions August 13, 2022 The Russian is now four per cent smaller than it was a year ago, according to new figures from the country’s state statistics agency. Russia’s gross domestic product (GDP) for Q2 2022 equals a sum equivalent to 96 per cent the value of the country’s economy in Q2 2021, the preliminary Rosstat statistics show. The [...]
Chelsea v Tottenham: London derby offers early clue to capital’s top team August 12, 2022 Tottenham have the chance to justify pre-season talk of eclipsing Chelsea with victory over their manager Antonio Conte’s old team at Stamford Bridge on Sunday, writes Frank Dalleres. It is notoriously futile to the point of being foolish to attempt to divine anything approximating the final Premier League table from the opening skirmishes of the [...]
A Tale of Two Forecasts: Investors back IEA’s hiked demand outlook over OPEC gloom August 11, 2022 Investors have backed the IEA's outlook for oil demand over OPEC's, with both organisations offering contrasting visions this year.
High gas prices are here to stay reveals Investec, as price cap predictions hit £5,000 August 11, 2022 Higher gas prices, including in the summer when demand is supposed to be at its lowest, are a long-term trend argued asset manager Investec.
Four million Russians to lose their jobs due to Western sanctions August 11, 2022 Four million Russians are set to lose their jobs due to the impacts of Western sanctions, according to new research from the Kyiv School of Economics. The sanctions are set to see Russia’s economy contract by up to 9.5 per cent this year, the study shows. High oil and gas prices have shielded Russia from the [...]
Today: Govt to hold emergency talks with energy chiefs as anger over spiralling energy bills rises August 11, 2022 Energy bosses will meet with Government tomorrow, to discuss how they can ease pressure on consumers facibng record bills.
Hungary caves to Russian pressure as it pays transit fees for oil supplies August 10, 2022 Hungarian energy group MOL has submitted transit fees to Ukraine, on behalf of Russia, to restart flows of oil crude from the country.