R Ishi Sunak was warned on Monday that Britain risked being the first wealthy G7 nation to slide into recession and the last to emerge. Economists have predicted the UK economy was in such dire shape after the Ukraine coup, the Covid pandemic, Brexit and the disastrous Kwasi Kwarteng mini-budget that it would be a …
UK will be first G7 country to fall into recession and last to emerge – economists Read More »
NEW DELHI, Nov 11 (Reuters) – The United States is happy India is continuing to buy as much Russian oil as it wants, including at prices above the price cap mechanism imposed by the G7, if it avoids Western insurance, finance and shipping. services bound by the cap, U.S. Treasury Secretary Janet Yellen said Friday. …
EXCLUSIVE India can buy as much Russian oil as it wants, outside price cap, says Yellen Read More »
LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the global economy could catalyze a rebound in global markets that many investors believe is too late – but could also raise other uncomfortable puzzles. Whispers about an endgame to Russia’s 9-month-old invasion of Ukraine – suggestions ranging from ‘talking talks’ to a brokered …
Column: Ukraine endgame could electrify global markets Read More »
Price caps are all the rage these days on the energy scene. The European Union is capping the price of gas and the G7 group is trying to cap the price of exported Russian oil. Both amount to direct market intervention of the type normally associated with authoritarian regimes. Could price caps kill the free …
The Price Cap Era and the Demise of the Free Energy Market Read More »
WASHINGTON/LONDON, Nov 3 (Reuters) – The wealthy Group of Seven nations and Australia have agreed to set a fixed price when they finalize the price cap on Russian oil later this month, rather than adopt a floating rate, sources said Thursday. U.S. officials and G7 countries have been engaged in intense negotiations in recent weeks …
EXCLUSIVE G7 coalition agreed to fix price for Russian oil source Read More »
LONDON, Oct 21 (Reuters) – Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players have told Reuters. and a US official, pointing out the limitations of the most ambitious plan yet to rein in Moscow. war income. The Group of Seven countries …
Russia set to largely circumvent new G7 oil price cap Read More »
