According to Bloomberg, Germany has urged the G7 to back out on its pledge to stop funding the production of fossil fuels. Berlin claimed that the G7 nations should acknowledge the necessity for financial assistance for the gas industry as a reaction to the current energy crisis. Germany encouraged...

According to the White House, Russia has defaulted on its foreign obligations for the first time in more than a century, as broad sanctions have virtually cut the country off from the global financial system, rendering its assets untouchable.   The Kremlin, which has the funds to make...

It only took 24 hours for Prime Minister Narendra Modi's government in India, the world's second-largest wheat producer, to abandon its intentions to "feed the world" last month.   Following five straight record harvests, Modi stated publicly in April that India was ready to cover a portion...

The big oil and gas business TotalEnergies has been urged to take extra steps to lower fuel prices domestically, according to French Economy and Finance Minister Bruno Le Maire. "The state and public spending cannot be the only sources of effort. Additionally, firms need to make an effort. Fuel...

Global dealmaking is experiencing a dry spell as soaring inflation and a stock market crash dampen many company boards' desire to expand through acquisitions.   Russia's invasion of Ukraine in February, as well as fears of an impending recession, dampened merger and acquisition (M&A)...

In the face of rapidly rising inflation, British consumers cut back on purchasing in May, and a measure of their confidence fell to a new low this month, according to data that highlighted the magnitude of the cost-of-living crunch.   The Office for National Statistics reported on Friday...

Following the U.S. Supreme Court's decision on Friday to overturn the Roe v. Wade precedent, which for decades guaranteed a woman's constitutional right to an abortion, the technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law...

The International Energy Agency's chief has warned that Russia may cease delivering gas to Europe this winter. Fatih Birol feels that a complete shutdown is unlikely, but that Europe should prepare for the worst-case situation.   Several European countries have reported receiving much less...

The leaders of the Brics group of countries are scheduled to get together for a summit this year and this move comes amid dramatic alterations in the global order.    The group, whose name is derived from the initials of its five member countries - Brazil, Russia, India,...