Sober or brilliant? Europe faces holidays during the energy crisis

VERONA, Italy (AP) — Early-season revelers sipping mulled wine and shopping for Christmas decorations filled the Verona Christmas market for its inaugural weekend. But beyond the wooden market stalls, the Italian city has yet to deck its granite-clad pedestrian streets with twinkling Christmas lights as officials debate how to brighten the season during an energy … Read more

The West is struggling to set an oil price ceiling that hurts Russia

London CNN business — Ukraine’s allies want to put a price cap on Russian oil. But there’s a problem: they can’t agree on a number that would actually increase pressure on the Kremlin. Major Western economies agreed earlier this year to cap the price of Russia’s most valuable export and have promised to clarify the … Read more

EXPLAINER: What is the effect of the Russian oil price cap, the ban?

FRANKFURT, Germany (AP) – Western governments aim to cap the price of Russia’s oil exports in a bid to cap fossil fuel gains who support Moscow’s budget, its military and the invasion of Ukraine. The limit will take effect on December 5, the same day the European Union imposes a boycott on most Russian oil … Read more

The Nexperia and Elmos cases show how the US-China chip war is spreading to Europe

Hong Kong CNN business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West about potential Chinese control of critical infrastructure. Last week, the new owner of Britain’s biggest chip maker was ordered to dissolve its takeover, just days after another sale of … Read more

A house price crash is coming. Rising unemployment could make matters worse

London CNN business — Last year, Auckland’s largest real estate firm failed to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, manager at real estate firm Barfoot & Thompson. “There were mind-blowing moments where agents stopped by the room and were amazed … Read more

Salt and drought decimate buffalo in southern Iraqi marshes

CHIBAYISH, Iraq — Abbas Hashem fixed his worried gaze on the horizon: the day was almost over and still, there was no sign of the last of his water buffaloes. He knows that when his animals don’t return from roaming the swamps of this part of Iraq, they must be dead. Dry earth is cracked … Read more

Salt and drought decimate buffalo in southern Iraqi marshes

CHIBAYISH, Iraq (AP) — Abbas Hashem fixed his worried gaze on the horizon — the day was almost over and still, there was no sign of the last of his water buffaloes. He knows that when his animals don’t return from roaming the swamps of this part of Iraq, they must be dead. Dry earth … Read more

Investors slump ahead of Fed minutes, fears of a eurozone recession grow

Waiting for the Fed’s minutes US Thanksgiving holiday on Thursday Stocks earn meager gains globally Eurozone economic data points to a recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks were little on Wednesday as investors kept their eyes peeled for minutes of a Federal Reserve meeting that could shed … Read more

Russians become more critical as Putin’s military operation drags on and sanctions take their toll

Fly Cnn — November and December are known as the most depressing months in Moscow. The days are short and dark, and the weather is too cold and wet to be outdoors much, but still too warm and rainy to enjoy the true Russian winter. This year, the feeling of melancholy is heightened by the … Read more

The end of cheap money for US farmers creates problems for food production

CHICAGO, Nov 22 (Reuters) – Montana farmer Sarah Degn had big plans to invest the good profits she reaped this year on her soybeans and wheat in upgrading her planter or buying a new one. storage container. But those plans went by the wayside. Everything Degn needs to farm is more expensive, and for the … Read more