Economists at UBS have issued a report which states the Eurozone has already entered a “shallow” recession which they expect to last through the end of the year. They attributed…

Russia and Iran are have begun talks to create an OPEC-like cartel for natural gas which would allow them to coordinate an “extraordinary” level of reserve output, giving them tremendous…

New data from the consultancy Baringa Partners shows that over half of UK households may fall into “energy poverty” this winter. Energy suppliers too are now at risk as rapidly…

Russia and India have now established a means of conducting mutual settlements in rubles and rupees, and no longer need to use the US dollar for trade between the nations,…

A judge rejected Elon Musk’s demands for the user information from specific twitter accounts as, “absurdly broad” Thursday. He was however, granted some data as he seeks to prove that…

As it seeks to transition to electric vehicles, Ford Motor Company intends to cut more than 3,000 workers to reduce costs and free up funding, according to a Wall Street…

UK independent energy consultancy Auxilione predicts that the average British household will see their energy bill skyrocket to £6,000 (just over $7,100) in 2023 Analysts estimate the price cap on…

Turkey has doubled its imports of discounted Russian crude, now averaging over 200,000 barrels per day (bpd) so far this year through August. That is up from 98,000 bpd over…

Revised data from the UK Office for National Statistics (ONS) showed the British economy suffered its largest contraction in 300 years when the pandemic hit in 2020, falling by 11%.…

The savings of Germans, built up over the last two years, has been largely depleted by inflation, a new report from Munich-based IFO Economic Institute shows. The report says that…