European inflation forecast raised
The European Commission has upped its inflation projection for Europe, citing supply disruptions and soaring prices
China’s economy shrinks on lingering Covid-19 woes
China’s economy slowed sharply in the second quarter of the year due to Beijing’s tough Covid shutdowns, official data shows
France told to turn off the lights
France must quickly learn how to do without Russian gas, President Macron says, urging that public lights be switched off at night
EU to target Russian gold
The EU’s seventh round of anti-Russia sanctions will target gold imports, AP reports, citing Vice-President of the European Commission
EU forced to tap gas reserves amid Russian supply shortfall
European energy companies have started drawing gas from storage facilities to make up for dwindling Russian supplies