Friday, April 1, 2022

Europe rejected Putin's ultimatum. So why is Russian gas still flowing?

Vladimir Putin's deadline has come and gone and Russian natural gas is still flowing to Europe.
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Europe rejected Putin's ultimatum. So why is Russian gas still flowing?
Vladimir Putin's deadline has come and gone and Russian natural gas is still flowing to Europe. Read more »
 
US fuel economy rules will soon require 49 mpg average
The Biden administration Friday rolled out final emissions rules that will require cars and trucks to have an average fuel economy of 49 miles per gallon in just a few years. Read more »
 
Russia faces deep recession that will 'only get deeper,' Treasury official says
Sanctions leveled on Russia have pushed the country toward becoming a closed economy, a status the country is ill-equipped to handle, a senior Treasury official said on Friday. Read more »
 
Get ready for even bigger rate hikes from the Fed
The jobs market is still healthy and paychecks are growing at a solid rate — although not fast enough to make up for surging prices on just about everything. That means that the Federal Reserve is increasingly certain to raise interest rates in May by a half-point to halt inflation in its tracks. Read more »
 
Western nations agree to new release of emergency oil
The International Energy Agency announced Friday following an emergency meeting that its member countries will release additional oil from emergency reserves to cushion the blow caused by Russia's invasion of Ukraine. Read more »
 
Russia's Gazprom exits German business as pricing scuffle continues
Russian energy giant Gazprom said on Friday it was exiting its business in Germany, amid a dispute between the two countries over Moscow's insistence on switching payments for Russian gas to rubles from euros. Read more »
 
 
 
 
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