According to David Mann, chief economist for Asia-Pacific, the Middle East, and Africa at the Mastercard Economics Institute, the period of high inflation has already passed but it will remain higher in 2023 than that of before the Covid pandemic.    “Inflation has...

Tankers carrying Kazakh oil are experiencing delays as a result of Turkey's new proof of insurance requirements for vessels carrying Russian oil, which is now subject to EU sanctions and a G7 price cap.   Kazakh oil is transported through Russia by pipeline and loaded onto tankers at the...

Passengers traveling into or around the United Kingdom during the holiday season will face major disruption due to strikes, and the government has implored people to rethink their plans for Christmas.   Airport workers for the United Kingdom Border Force is scheduled to go on strike from...

As the aviation sector pushes toward targets of zero net carbon dioxide emissions by 2050, airline passengers will pay more for their tickets, stated IATA's (International Air Transport Association) chief Willie Walsh. The CEO of IATA, whose members include the majority of the world's leading...

Germany warned that borrowing more money to compete with US green subsidies would jeopardize Europe's competitiveness.   The EU has been vocal about its concerns about the United States' Inflation Reduction Act (IRA), claiming that its subsidies to North American automakers violate...

Despite efforts by the Russian government to try and avoid sanctions and amid skepticism worldwide, ministers of the European Union (EU) believe that the latest price cap imposed on Russian seaborne oil will work.    The EU, along with the G-7 and Australia, had come to...

The German government provided a portion of the $3 billion syndicated loan to the Swiss commodities trader Trafigura Group, which would be used to supply the nation with natural gas. Trafigura received a loan for a period of four years as part of an arrangement with the German government to...

Saudi Arabia will lower prices for the majority of oil grades in January аor importers in Asia and Europe. Prices for the United States will remain steady for the second consecutive month, reports Bloomberg in relation to the Saudi Aramco business. As a result, the price of the primary grade of...

The price cap on Russian seaborne oil as set by the Group of Seven went into effect on Monday which is a part of the efforts of the West to reduce the ability of Moscow to finance its war in Ukraine.    However, Russia has reacted to the cap by saying that it will not...