Sanctions on Russian Energy Loom Over Oil Market
Sanctions on Russia would affect world oil flows in the next three months. The energy industry has difficulty understanding how these measures will work. Ukraine’s allies are preparing to hit…
House Sales Collapse as UK Lenders Withdraw Mortgage Offers
Deals for house purchases are collapsing after lenders pulled mortgage offers in response to soaring interest rates. Smaller lenders such as Kensington, Accord Mortgages and Hodge were among those to…
Russia’s War in Ukraine to Cost Global Economy $2.8 Trillion, OECD Says
Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of next year—and even more if a severe winter leads to energy rationing…
Stocks Edge Higher After Steep Selloff
U.S. stocks inched higher Wednesday, recovering some losses from the previous day’s wild session that was spurred by a hotter-than-expected inflation report. The S&P 500 added 13.32 points, or 0.3%,…
Global Oil Demand Undermined by China Lockdowns, IEA Says
Weaker demand for oil in China, as the economy faces stop-start Covid-19 lockdowns, is outweighing robust crude demand elsewhere in the world and will crimp oil demand growth this year,…
China Blazes Hazy New Trail to Tame Internet’s Algorithms
China’s powerful cyberspace regulator has taken the first step in a pioneering—and uncertain—government effort to rein in the automated systems that shape the internet. Earlier this month, the Cyberspace Administration…