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World better prepared for Russian energy weapon in 2023

China’s demand for energy, the amount of Russian oil that will be cut from global supply will be key factors which will determine where the oil price trades in 2023.

International power plays

Countries often seem to behave like children in a schoolyard. Some will be loners, others want to be part of a gang. There is...

Pressed by sanctions, Russia narrowly escapes default

While the global sanctions campaign against Russia is not yet a month old, investors and sanctioneers held their breath this week as Russia struggled...

The year of the squeeze

Few of us will mourn the passing of 2021. However, as the New Year party balloons lie flaccid on the floor, there seems little...

US sanctions powerful Ukrainian oligarch Kolomoisky

The US has imposed sanctions on one of Ukraine’s most powerful oligarchs, Igor Kolomoisky over corruption allegations, the US Secretary of state, Antony Blinken said...

EU threatens to sanction Myanmar military junta

Europe's foreign ministers warned they could impose sanctions on Myanmar military, according to a joint statement released after their meeting in Brussels on Monday."The...

Boeing recommends grounding certain 777s

Boeing Co has recommended that airlines suspend the use of 777 jets after the engine on a United Airlines flight caught fire and fell apart...

European Parliament approves €672.5 billion recovery fund

The European Parliament on February 10 greenlighted the EU’s proposed Recovery and Resilience Facility (RRF), worth €672.5 billion, during its plenary session in Brussels. The...

MEPs call for binding 2030 targets for materials use and consumption footprint

Lawmakers in the European Parliament's Committee on Environment, Public Health and Food Safety (ENVI) on Wednesday adopted the report on the new EU Circular...

EU approves €200m scheme to support Irish firms during COVID-19 outbreak

The European Commission approved an Irish €200 million scheme to support companies affected by the coronavirus outbreak, as the plan was found to be...

Draghi deems war-like mobilisation to prevent prolonged coronavirus economic depression necessary

"A deep recession is inevitable," former European Central Bank (ECB) President Mario Draghi said, echoing expectations of a deep EU and Eurozone recession for...

EIB to mobilise €40 bn to fight COVID-19 crisis

On Monday, Eurozone finance ministers held a videoconference on the response to the crisis cause by COVID-19 outbreak in Europe, as the EU and...

China, strange attractor and victim

When neither science nor religion can give replies, the matter becomes philosophical. When the economy cannot give solutions, the matter becomes political. The China...

Trump’s White House proclaims new (and maybe negotiable) tariffs to take effect in 15 days

US President Donald J. Trump signed a tariff proclamation March 8 at the White House, including a series of carefully-crafted exemptions for NAFTA partners...

John Kerry finally visits Athens. What to Expect

After one postponement last month due to the Syria crisis, U.S. Secretary of State John Kerry finally arrives for a short visit in Athens...

Lower Oil Prices Won’t Upset Slick Putin

Claims that $80 oil would lead to an economic crisis in Russia and an end to the presidency of Vladimir Putin are not true,...

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