Bulgaria Seeks To Restart Russian Gas Deliveries
Bulgaria has indicated it wishes to begin holding talks with Russian state energy giant Gazprom about resuming natural gas deliveries according to Energy Minister Rosen Hristov in an interview with…
Switzerland Looks To Cut Natural Gas Usage 15% In Winter
Switzerland is looking to cut natural gas usage in the country by 15% from October to March of this winter season, compared to the average consumption over the last five…
Four Out Of Five Canadians Feeling The Pinch Of Inflation
Angus Reid Institute reported on Monday that Canadians are spending less as inflation continues to pile pressure on their budgets. In a survey the researchers found that four out of…
Ukrainian Central Bank Is Printing Money
Ukrainian MP Yaroslav Zheleznyak said on Wednesday that the National Bank of Ukraine (NBU) had to “print” another 30 billion hryvnia ($814 million) over the last week, in a reference…
Citigroup Winds Down Russian Operations
Megabank Citigroup has announced that it will wind down commercial and consumer operations in Russia, according to a report in the Wall Street Journal. The paper reported that the banking…
Largest Midwest Oil Refinery Has Fire, May Be Minimal Damage
BP PLC was forced to shut down two crude units at its Whiting Indiana refinery due to a fire. The refinery processes 435,000 barrels per day. The largest US refinery…
Stocks Fall As Powell Makes Hawkish Statement
Stocks dropped suddenly after Federal Reserve Chair Jerome Powell struck a hawkish tone in a speech at a Jackson Hole economic symposium, and reiterated the central bank’s primary focus was…
As Europe Panics Over Gas, Russian Gas-Flare Just Over The Border Is Visible From Space
European nations are complaining that as they starve for energy, Russia has ignited a gigantic gas flare just over the border with Finland, near a compressor station at the start…
Moderna Sues Pfizer And Biontech Over mRNA Vaccine Patent Infringement
Moderna has announced it is suing Pfizer and BIontech, alleging the Pfizer vaccine infringed on three patents owned by Moderna related to mRNA vaccine technology. The company has filed two…
Natural Gas Shortage May Produce Toilet Paper Shortage In Germany
Martin Krengel, chairman of the Germany’s paper industry association, Die Papierindustrie says the European gas crisis may produce a toilet paper crisis in Germany. Krengel said in a statement, “We…
