China’s consumer inflation hits two-year high
China’s consumer prices increased 2.5% in June from a year earlier, as the cost of pork and energy are rallying
France issues new gloomy gas supplies prediction
French Finance Minister Bruno Le Maire said Paris is preparing for a total cutoff of Russian gas supplies as the most likely scenario
India eyes bigger stakes in Russian oilfields – media
Indian energy giant ONGC aims to increase its participation in Russia’s far-eastern oil and gas project, according to reports
Developing world to face wave of defaults – Bloomberg
A wave of defaults and debt crises are likely to hit emerging nations, such as Pakistan, Egypt, Tunisia and El Salvador, Bloomberg reports
UN demands end to fossil fuel addiction
The UN has called for an end to the “global addiction to fossil fuels” amid a worsening energy crisis