Russia’s alternative to the the SWIFT interbank messaging system, the SPFS interbank messaging system, has been expanding its network at an unprecedented rate. 469 banks are now using the system,…

According to new data released by the Austrian energy ministry, Austria’s energy imports are increasingly coming from Russia once again, rising from 41% in November, to 71% in December. The…

On Friday, France’s statistics agency Insee reported that in January, consumer goods prices rose 6% year over year, increasing from 5.9% in December The rise in the consumer price index…

Mexican President Andres Manuel Lopez Obrador has issued orders for the nationalization of his country’s lithium deposits to be expedited, setting the stage for foreign countries to be excluded from…

Nestle, the biggest food corporation in the world has said it expects the prices for staple items will continue to rise throughout 2023, following a year of increasing prices which…

Electricite de France (EDF) reported a disastrous loss for the year of €17.9 billion (around $19 billion) in 2022, driving the utility’s total debts to €64.5 billion. It was a…

On Wednesday, Gas Infrastructure Europe (GIE) released a report which showed EU underground storage facilities of natural gas have fallen below 65% of capacity. According to GIE, reserve levels have…

Centrica, the UK oil and gas producer which owns British Gas, reported record 2022 profits, adding its name to the list of energy giants which have profited mightily off soaring…

London-based immigration consultancy Henley & Partners released its latest Wealth Report, which found that contrary to the sentiment prior to the Covid-19 pandemic, the world’s wealthy no longer want to…

On Friday, news outlet RBK reported that Swedish company Ingka Group, the parent company of IKEA stores and Russian Mega shopping malls, is planning to sell off all its real…