Oil giant Shell posts highest-ever annual profit of $40 billion
Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would…
Euro zone inflation dips for a third straight month as energy prices continue to fall
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above…
BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings
Shares of BP are up over 45% year-to-date. Sopa Images | Lightrocket | Getty Images Oil and gas giant BP…
With UK leader Liz Truss quitting, here are the top contenders to replace her
LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget”…
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and…
Russian strikes kill 17 in Ukraine following bridge attack
A view shows a residential building heavily damaged by a Russian missile strike, amid Russia’s attack on Ukraine, in Zaporizhzhia,…
Blast damages only bridge linking Russia and Crimea; Zelenskyy advisor calls it ‘the beginning’
This video grab taken and released on Oct. 8, 2022 shows thick black smoke rising from a fire on the…
Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations…
Uber Has Launched Uber Restore, a Special App in Ukraine to Help Transport Art Conservators
The Russian invasion still poses a major threat to museums, historic sites, and other cultural heritage in Ukraine. Now, an…
Stocks close higher for fourth straight session ahead of key inflation report, Dow rises 200 points
21 Min Ago S&P 500 and Nasdaq put together first 4-day advance in 2+ months The S&P 500 rose Monday…
Ukraine offensive ‘snowballs’ with fall of Russian stronghold
Ukrainian troops advance in Kharkiv Oblast on Friday, Sept. 9. The country’s soldiers have burst through Russia’s lines and liberated…
Queen Elizabeth II’s death marks a new era for Britain, beset by economic uncertainty
Crowds gather in front of Buckingham Palace to pay their respects following the death of Queen Elizabeth II in Balmoral,…
European Central Bank raises rates by 75 basis points to tackle soaring inflation
The ECB announced a second consecutive interest rate rise to combat red-hot inflation. Daniel Roland | Afp | Getty Images…
‘You’ve got to eat’: Energy bills are squeezing businesses and people as UK costs soar
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a…
Germany has worked hard to shore up winter gas supplies — and it’s ahead of schedule
European governments are scrambling to fill underground storage with gas supplies to provide households with enough fuel to keep homes…
‘Floundering, not drowning’: Economists divided on prognosis for Russian economy
Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin in Moscow,…
Could China’s Currency Be The New World Reserve?
Get your free subscription to Morning Brew at https://morningbrewdaily.com/economicsexplained Since the end of world war 2 the US dollar has…
Critical inflation report could show price increases have eased
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly |…