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Russia has fallen into insolvency. It is artificially induced, Moscow defends itself

For the first time in more than a century, Russia has failed to pay its due international obligations. According to the White House, it is...

The eventual U.S. economic recession will be short and shallow, estimates...

If the United States economy goes into recession, it will very likely go just a relatively short affair with a slight increase in unemployment. This...

Germany has declared a second stage of the gas supply crisis...

The state of alert is the second of three levels in Germany's gas supply emergency plan. On Thursday, the German government switched from the first...

India is crushing expensive energy commodities. They face a double deficit because...

Balance of payments current account deficit and state budget deficit. These are two concomitant phenomena of the salubrious energy commodities that India imports from abroad,...

The Fed announced the fastest rise in interest rates since 1994. The...

The US Federal Reserve surprised the market. Instead of the expected rise in the key interest rate by half a percentage point, it raised it...

Oil demand will slow next year, OPEC estimates

While global oil demand will increase by nearly 3.5 million barrels per day this year, growth is expected to be just two million barrels...

European Central Bank ends quantitative easing and will raise rates

This will be the first time since 2011 that the European Central Bank has raised its key interest rates. ECB President Christine Lagarde confirmed this...

Turkey holds the highest inflation rate in 23 years. Food prices...

Rising energy prices, supply chain problems and the Turkish Central Bank's unorthodox monetary policy strategy led by Recep Tayyip Erdogan. These are the main causes...

Inflation in the eurozone rose significantly in May. Price growth has broken...

Energy was also the biggest contributor to the pace of consumer price increases in May. Electricity and gas grew by more than 39 percent year-on-year,...

India is investing billions of dollars in oil and gas expansion

The second most populous country in the world has been one of the largest importers and consumers of oil for a long time. Imports cover...

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