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
Bumper grain harvest predicted for Russia
Russia is on track to reap its largest grain harvest ever in 2022, according to projections by agriculture consultancy IKAR
Canada to fix five more turbines for Nord Stream – media
Siemens has been granted permission from Canada to repair five more turbines for Russia’s Nord Stream pipeline, media reports citing sources
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