Germany announced emergency measures on Sunday to ensure its energy needs after a drop in Russian gas supplies, including reverting to coal in what it called a  “bitter but indispensable” step.

Russia’s economic authorities have clashed over inflation and growth forecasts in rare public displays of discord at a flagship forum in Saint Petersburg.

Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the adverse side effect of tipping countries into recession, analysts say.

Germany will take emergency measures to ensure it meets its energy needs after the drop in supply of Russian gas, including increased use of coal, the government said Sunday.

Fiona Shi lost her job twice during the pandemic -- first, in 2020 when Covid ravaged the travel industry, and then this year as China’s strict virus controls hammered businesses in the world’s number two economy.

Russia is putting the world at risk of famine through its blockade of Ukraine’s shipments of grains and restrictions on its own exports, EU foreign policy chief Josep Borrell said Saturday.

With France becoming the latest country to be cut off from Russian natural gas, and supplies sharply reduced in Italy and Germany, Europe’s summer stockpiling plans are looking shaky.

Desperate to put the coronavirus pandemic behind them, airlines will hold talks on Sunday ahead of a potential summer of chaos with shortages and strikes that could threaten their recovery.

Chinese President Xi Jinping will host a virtual summit with top leaders from Russia, India, Brazil and South Africa next week, marking the first such meeting since the Ukraine crisis unfolded.

Federal Reserve Governor Christopher Waller on Saturday threw his support behind another large interest rate increase next month.

Bitcoin dropped below $20,000 on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid rising interest rates.

The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday that the rising risk of recession will not stop its battle to bring down searing inflation that’s punishing American households.

Mexico has made commitments with 17 US companies on clean energy generation, its president announced Friday.

The Bank of Japan on Friday stuck to its monetary easing policy even as other central banks raise interest rates to tame inflation, but said it would  “pay due attention” to forex markets after the yen hit a 24-year low.

A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni is about to set sail carrying the first export of crude from the US-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday.

A massive interest rate hike by the US Federal Reserve and promises of more to come are fueling warnings that the only offramp from the searing price hikes engulfing American families is a full-blown recession.

Russian President Vladimir Putin said Friday that Moscow’s military intervention in Ukraine was not the cause of global economic troubles, instead blaming Western countries for using the situation to cover up their own mistakes.

German pensioner Gabriele Washah waits in line to fill her trolley with bags of carrots for 50 cents, yoghurts just past their sell-by date and bunches of wilting flowers.

The European Union and India on Friday relaunched negotiations to forge a free trade agreement, with the aim of completing talks by the end of 2023.

Bitcoin dropped below the $20,000 level on Saturday to its lowest point in 18 months, extending its slide as investors showed they were unnerved by growing troubles in the industry and as the general pull-back from riskier assets continued.