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With Russian Cutoff Feared, Europeans Are Told to Curb Natural Gas Use

The European Union’s executive branch says member countries must cut consumption by 15 percent between now and the springtime to stave off a major crisis as Russia weaponizes its exports.  » mehr lesen

Putin Signals Gas Pipeline Will Resume at Reduced Levels

President Vladimir Putin warned that the Nord Stream 1 pipeline to Germany would not operate at full capacity after maintenance work.  » mehr lesen

Russia Lowers Interest Rates Again, Bucking Global Trend

Russia’s central bank cut its interest rate to 8 percent on Friday, lower than before the invasion of Ukraine, citing “subdued” consumer demand.  » mehr lesen

The Economy Putin Didn’t Actually Ruin

Ukrainian technology companies have earned billions. But with most executives unable to meet foreign clients, the good times may not last.  » mehr lesen

Germany Takes a Stake in Struggling Gas Provider Uniper

The German government agreed to acquire a 30 percent stake in the company, one of the country’s largest suppliers of natural gas, and expanded a crucial credit line.  » mehr lesen

Twitter’s Earnings Falter as It Fights with Elon Musk

The social media company swung to a loss in the second quarter and cited “uncertainty” over its pending takeover by the billionaire Tesla chief executive as a factor.  » mehr lesen

The Markets and Economy Are Reaching a Fork in the Road

Amid rising inflation and the threat of recession, corporate earnings are coming under pressure.  » mehr lesen

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