The EU on Friday will seek urgent ways to bring down skyrocketing energy prices as winter looms, with “sabotage” of gas pipelines from Russia this week injecting drama into the effort. Energy ministers will gather in Brussels to consider an emergency European Commission proposal that includes cutting power use in the bloc, imposing windfall levies […]

The Swiss franc is breaking records against the euro, giving the Swiss economy a temporary boost as central banks battle inflation — although experts remain cautious about the months ahead. Seen as a safe haven, the Swiss currency briefly hit a high of 0.94 francs to the euro on Monday following the Italian general election. […]

Germany said Thursday it would plough 200 billion euros ($194 billion) into shielding households and businesses from skyrocketing energy costs in the wake of the Russian invasion of Ukraine. “The German government will do everything so that prices sink,” Chancellor Olaf Scholz said, announcing the package which includes a gas price cap and a plan […]

UK Prime Minister Liz Truss on Thursday defended her tax cutting policy after days of silence during which markets tanked and the Bank of England was forced into an emergency intervention. “We had to take urgent action to get our economy growing, get Britain moving, and also deal with inflation,” she said in a round […]

Vietnam’s economy grew more than 13 percent in the third quarter, compared to a year earlier, as manufacturing and exports surged following the end of strict Covid-19 controls, authorities said Thursday. During the same period last year, commercial hub Ho Chi Minh City was under strict lockdown and production at many factories in important southern […]