Gas prices jump 24pc as Putin turns off the taps

Ggood morning. We’ve seen the first sign that Vladimir Putin is serious about his threat to turn off the taps. Gazprom confirmed it’s cut off flows of natural gas to Poland and Bulgaria as they had failed to pay in roubles, adding that supplies will be halted until payment has been made. European gas prices … Read more

Australia’s prices surge at fastest pace in two decades | Business and Economy

Soaring prices come as Prime Minister Scott Morrison fights a tough election campaign. Australian consumer prices surged at the fastest pace in two decades during the last quarter as petrol, home building and food costs climbed, raising speculation of an interest rate hike as soon as next week. The surging inflation comes as Prime Minister … Read more

ANZ bank predicts RBA will raise cash rate to .25 per cent next week

The cash rate is set to rise for the first time since the end of a pandemic, spelling gloom for the government in the run-up to the federal election. One of the nation’s most respected economists has warned of an immediate series of rate hikes that will rise “more aggressively than initially thought likely” — … Read more

Saudi Arabia agrees to buy up to 100,000 Electric Vehicles from Lucid

Saudi Arabia’s DPRK to launch first robot to drive offshore oil operations: CEO RIYADH: Saudi Arabia’s Research Products Development Co., a subsidiary of PIF-owned TAQNIA, is launching its first robotic prototype this year to support offshore oil operations, its CEO said. “The robot will be used to inspect leakage in pipelines under the water,” DPRK … Read more

Chinese drone giant DJI suspends business in Russia, Ukraine | Russia-Ukraine war News

DJI, the world’s largest drone manufacturer, has announced it is temporarily halting operations in Russia and Ukraine, in a rare example of a Chinese firm suspending business in response to the war in Ukraine. The Shenzhen-headquartered company said on Wednesday it would suspend its business in the two countries while “internally reassessing compliance requirements in … Read more

Swiss gold exports to the United States rocketed in March

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich, Switzerland, November 20, 2014. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 26 (Reuters) – Swiss shipments of gold to the United States surged in March to their highest since May 2020, … Read more

France allows exceptions to food labeling rules amid war in Ukraine – POLITICO

PARIS — As Russia’s invasion of Ukraine has led to a shortage of sunflower oil, food producers plan to replace it with other ingredients such as rapeseed or palm oil. But companies face another problem: printing new packaging and labels in time. That’s why France on Tuesday announced that it will temporarily allow food companies … Read more

Sterling falls to 21-month low vs dollar amid growth worries

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register LONDON, April 26 (Reuters) – Sterling held near its lowest levels since 2020 on Tuesday against a broadly firm dollar, with … Read more