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
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.
Germany’s public debt spending set to double – media
Germany’s public debt spending will double next year due to soaring inflation, German media group RND reports
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
Russian oil price cap won’t solve energy crisis – Indonesia
A Russian oil price cap won’t solve supply issues and could worsen the energy crisis, the Indonesian finance minister warns