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UK households’ financial situation worst since Q2 2020
British households' financial situation is now the most precarious since the depths of the COVID-19 pandemic in the second quarter of 2020, due to a surging cost of living, a survey showed on Wednesday.
European shares slump as U.S. rate hike, sanctions anxiety weigh
European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S. interest rate hikes potentially hurting growth and more Western sanctions on Russia further stoking inflation.
Breaking ranks with EU, Hungary says ready to pay for Russian gas in roubles
Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow's demand for payment in the currency.
Russia hit with new round of U.S. sanctions as Biden decries ‘major war crimes’
The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as "major war crimes" by Russian forces in Ukraine.
CONECT calls for implementing emergency economic measures
The Confederation of Tunisian Citizen Enterprises (French: CONECT) urged the government on Tuesday to put into implementation a package of emergency economic measures announced on April 1 by the Ministry of Economy.