G7 countries face a threat that Russia will shut down more gas

Russian President Vladimir Putin attends a toast as he participates in the 14th BRICS Summit in virtual format via video call, in Moscow on June 23, 2022. Michael Metzel | AFP | Getty Images One analyst warned that the G7 needs to prepare for a complete shutdown of Russia’s gas pipelines in the near term, … Read more

Italy’s economy enters choppy waters – POLITICO

Click play to listen to this article Smooth sailing in Italy is about to end. A combination of factors – the ‘Super Mario’ brand of its prime minister, negative interest rates and the opportunity to spend nearly €200 billion in the EU refund money It means that the third-largest economy in the European Union was … Read more

The return of stagflation can be prevented with smart policy – POLITICO

Joachim Nagel is Chairman of the Deutsche Bundesbank. Flashy background, corduroy flares, long sideburns, disco and punk. The 1970s were a tumultuous “in your face” decade. And for many, this decade is still a magnet. Revivals come again and again, both in fashion and music. Economically, the 1970s were a difficult decade, plagued by two … Read more

Why Stock Market Volatility May Rise on Friday Due to Russell’s Rebalancing

Investors are bracing for a heavy day of trading on Friday as US stock indexes rebalance Russell, an annual reconfiguration that comes amid increased volatility in the stock market. Global index provider FTSE Russell began the rebalancing process on May 6, the so-called ranking day, to ensure that the indices accurately reflect the US stock … Read more

Germany faces recession risk as Russia gas crisis deepens

A photo of pipes is taken at the landing facilities of the “Nord Stream 1” gas pipeline in Lubmen, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now to get free unlimited access to Reuters.com Register More Europeans activate the first phase of gas crisis plans Rising gas prices add to policy makers’ inflation headaches … Read more

New Hampshire lawmakers are calling on the state to use US bailout money for home energy bills

In a letter sent Friday to Governor Chris Sunono, Republican of New Hampshire, New Hampshire’s congressional delegation asked the state to provide additional financial assistance to help defray energy costs for Granite Staters as utility prices are expected to rise significantly in the coming months. >> RELATED: New Hampshire residents warn of “significant increases” in … Read more

Biden reprimands a reporter on the beach for asking if a recession is inevitable

With most Americans fearful of an economic slowdown, President Biden blasted a reporter on Monday for asking about the potential for the US economy Heading into recession as such high interest rates Chase high inflation. And while the President was cruising on the sand near his vacation home in Rehoboth Beach, Dale, State. Economists were … Read more

Biden meets with Saudi crown prince despite ‘untouchable’ pledge

WASHINGTON, June 14 (Reuters) – US President Joe Biden will meet Saudi Crown Prince Mohammed bin Salman during a trip to the Middle East in July, a break from his campaign pledge to make the kingdom a “pariah” as he struggles to fight back. Record rise in gasoline prices in the United States. Weeks after … Read more

Japan drops giant turbine into the ocean to harness ‘unlimited’ energy

In the depths of the waves there is an unparalleled source of strength. To take advantage of this, Japanese engineers built a real leviathan, a monster capable of withstanding the strongest ocean currents to turn its flow into an unlimited supply of electricity. Ishikawajima-Harima Heavy Industries – now known simply as IHI . company It … Read more

An official says climate change will force some communities in the UK to relocate

Homes on the east coast of England, photographed in 2020. On Tuesday, the chief executive of the UK’s Environment Agency said climate change means some coastal communities will have to relocate. Owen Humphreys | PA photos | Getty Images The UK’s Environment Agency chief executive has issued a stark warning to coastal communities, acknowledging that … Read more