Recession risk warning issued for top Western economies
The US and German economies are moving towards a recession, Deutsche Bank warns
Europe becomes top US oil consumer – Bloomberg
Europe has overtaken Asia to become the top importer of US oil amid sanctions on Russia, Bloomberg reports
WTO, IMF and World Bank call for trade restrictions to be lifted
The WTO, IMF and World Bank have urged the global community to ease trade restrictions in order to battle the global food crisis
UK approves windfall tax on oil and gas industry
British lawmakers have approved a 25% windfall tax on the oil and gas industry on Monday targeting profits made from surging energy prices
Moody’s weighs in on Germany’s energy plan
A complete cut-off of Russian gas to the EU could hurt the bloc’s biggest economy, global rating agency Moody’s warns