British consumer confidence hit record lows in August due to inflation driving the cost of living to unprecedented highs. The official measure of consumer confidence dropped to minus 44 in…

Russian state energy company Gazprom has announced that gas flows through the Nord Stream pipeline to the EU will be halted for three days from August 31st to September 2nd…

Last month, China bought more than 80 tons of gold from Switzerland, according to a report from Bloomberg which cited Swiss customs data. According to the report, that is double…

China’s real estate crisis took one more step toward the abyss this week, as new numbers showed property investment dropping, new construction slowing to a crawl, and foreign analysts showed…

According to Ofcom, an industry watchdog, almost 600,000 British households have cancelled Amazon Prime subscriptions due to a combination of inflation forcing them to tighten their belts, and a forthcoming…

A mixture of rising oil prices will combine with increased demand for Russia’s discounted crude, pumping up oil exports. Those exports will raise Russia’s earnings from oil 38% to $337.5…

Target’s second quarter profits fell 90%, missing expectations massively, as customers weighed down by inflation pulled back on spending on non-essential items. Most retailers have been having a tough run,…

China is shuttering factories in the southwest as a worsening drought has begun to limit hydroelectric energy generation at several reservoirs, triggering rolling blackouts across cities in the region. Added…

Two of Apple’s iPhone manufacturers, Luxshare Precision Industry, and Foxconn, have begun testing Apple Watch manufacturing in a new facility in northern Vietnam. And now Nikkei Asia is reporting the…

Gas giant Gazprom says it is entirely possible European gas prices could hit $4,000 per 1,000 cubic meters in the coming winter, just as spot prices hit $2,450 on the…