European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019.Reuters /Yves Herman/File Photo By Reuters The European Commission on Thursday warned buyers of Russian gas they could breach sanctions if they converted gas payments into roubles, as officials struggled to clarify the EU’s stance on Moscow’s payments scheme, which has

By Anadolu Agency Algeria threatened Wednesday to cut off gas supplies to Spain if any of the gas winds up in a different location than specified by a contract. Transporting any amount of Algerian gas to a different destination is considered a breach of contractual obligations and would lead to the termination of the contract

Signage at the International Monetary Fund (IMF) headquarters in Washington, DC: Credit to Photo/AFP By Business Daily Africa The International Monetary Fund (IMF) has backed Kenya’s recent taxation of essential goods and services like cooking gas and bank loan fees, arguing additional cash raised have helped cushion against higher cost of fuel and fertiliser in

The International Monetary Fund plans to release $244 million to Kenya to finance its budget: Credit to Photo/AFP By The East African The International Monetary Fund (IMF) plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms in the face

File – A Belarusian worker on duty at a gas compressor station of the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of the capital Minsk, Belarus, Dec. 29, 2006. Officials in Poland and Bulgaria say Russia is suspending their countries’ natural gas deliveries starting on Wednesday. The governments of the two European

People walk past the Bank of England in London, Britain, October 17, 2017. Reuters/Hannah McKay By Reuters The Bank of England looks set to take its first steps next week towards selling some of the 875 billion pounds ($1.11 trillion) of government bonds it amassed between 2009 and 2021, leading markets into uncharted territory. Investors

The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. Reuters/Henry Nicholls By Reuters British government borrowing in the recently ended 2021/22 financial year was almost 20% higher than forecast by the country’s

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. Reuters/Leonhard Foeger//File Photo By Reuters Sterling fell on Monday to its lowest since September 2020 against a strengthening dollar and edged lower versus the euro, while money markets scaled back their bets

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Monday, April 25, 2022. Asian shares declined Monday after U.S. stocks ended last week on a tumble as global markets’ expectations for higher interest rates continued to set the tone. (AP Photo/Kin Cheung) By

File Photo: Saudi Arabia’s Crown Prince Mohammed bin Salman attends a meeting with U.S. Secretary of State Mike Pompeo in Jeddah, Saudi Arabia, September 18, 2019. Mandel Ngan/Pool via Reuters/File Photo By The Wall Street Journal Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and