European energy firms rack up debt to cover soaring costs – Bloomberg
European energy and utilities companies rack up debt to deal with soaring oil and gas prices, Bloomberg reports
Hungary probed over fuel subsidies
The EU opened a probe against Hungary over a fuel-price cap that only applies to those with local license plates, Bloomberg reports.
Boeing wants safety waiver for latest 737 MAX
Boeing’s CEO has threatened to ax the largest plane in the 737 family unless Congress extends a regulatory deadline
Turkish inflation on course to win unwanted first prize – Fitch
Fitch has downgraded Turkey’s debt rating, citing spiraling inflation and major concerns about the nation’s economy
IMF sounds global economic alarm
The risk of a global economic recession is on the rise, according to the International Monetary Fund