(Bloomberg) — Japan will seek to maintain its stake in the Sakhalin-2 natural gas project in Russia’s far east, the Nikkei newspaper said, after President Vladimir Putin signed a decree transferring rights to a new Russian company just over two weeks ago. Read More
(Bloomberg) — Copper, a darling of the global economic recovery from the pandemic, tumbled to its lowest level in 20 months as fears of a worldwide recession continued to mount, damping the outlook for demand of the metal used in everything from automobiles to homes to iPhones. Read More
(Bloomberg) — Oak Ridge National Laboratory in Tennessee has for decades been a hotbed of US nuclear experimentation. It’s also a target for countries seeking to steal American secrets. More than 1,700 technologies developed in the lab are in China’s crosshairs, according to three-year-old startup Strider Technologies Inc. The list includes ion beams, nuclear power […]
(Bloomberg) — A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency. Read More
(Bloomberg) — Klarna Bank AB, which advertises itself as a way to spread the cost of the latest brands and smartphones, is shelling out loans for milk and gas with cash-strapped customers looking for ways to cover basic necessities. Read More
(Bloomberg) — Preparing English breakfasts is around 18% more expensive than a year ago, in yet another indicator of how the cost-of-living crisis is squeezing UK household budgets. Read More
(Bloomberg) — The rand’s 9% plunge in the past month may be just the beginning for the South African currency, whose resilience is being tested by fears of a US recession even as local fundamentals remain supportive. Read More
(Bloomberg) — The Federal Reserve will unveil details of what policy makers debated last month that may shed light on how they view the near-term path for interest rates amid surging inflation and signs of a slowing economy. Read More