Gazprom Threatens Ukraine With Non-Payment for Gas Transit in Fresh Escalation

By Geoffrey Smith — Russian gas monopoly Gazprom (MCX:) took an important step toward cutting off almost all of its remaining supplies to the EU on Tuesday, as the Kremlin pulled its last remaining levers to pressure western and central Europe into dropping its support for Ukraine. In a post on its official Telegram … Read more

Fiona Roars Toward Canada; New Caribbean Storm Threatens Florida

(Bloomberg) — After lashing Bermuda, Hurricane Fiona is racing north toward Eastern Canada, threatening to become the most powerful storm ever to hit the region. A second system, meanwhile, is developing in the Caribbean and may strike Cuba and Florida early next week. Packing winds of 125 miles (200 kilometers) per hour, Fiona is on … Read more

‘Buckle Up’ as Inflation Fight Threatens Growth, IMF Chief Warns

(Bloomberg) — International Monetary Fund Managing Director Kristalina Georgieva said she expects slowing growth from higher borrowing costs will make next year feel like a recession for millions of people, even if the global economy avoids a technical downturn.  “Increased interest rates will bite and we will see the impact on growth,” Georgieva said in … Read more