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Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
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Herbert Diess, Volkswagen's Disruptor-In-Chief, Runs Out Of Road
Herbert Diess took over at Volkswagen AG four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW executive offered a new vision.
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G7 Calls On OPEC To Play Key Role To Ease Global Energy Supplies
Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.
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Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
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Sri Lanka Down To Last Day Of Petrol, PM Tells Crisis-Hit Nation
Sri Lanka's new prime minister said the crisis-hit nation was down to its last day of petrol, as the country's power minister told citizens not to join the lengthy fuel queues that have galvanised weeks of anti-government protests.
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Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.
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Sri Lanka To Default On Debt, No Money For Fuel, Minister Says
Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for fuel.
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Oil Prices Settle Down On Fears Of Fed And Oil Profit Tax
Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports.
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Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
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Sri Lankan Woman Rickshaw Driver Has To Queue 12 Hours, Or More, For Fuel
Lasanda Deepthi, a 43-year-old Sri Lankan woman, plans her day around fuel queues.
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Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.
-
G7 Calls On OPEC To Play Key Role To Ease Global Energy Supplies
Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.
-
IEA Warns Against Energy Crisis Deepening Fossil Fuel Reliance
The Paris-based IEA, a top energy watchdog, warned investors last year not to fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century.
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Sri Lanka To Default On Debt, No Money For Fuel, Minister Says
Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for fuel.
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Thousands Queue For Petrol, Gas In Sri Lanka Amid Warnings Of Food Shortages
Lines formed in many parts of Colombo, a city of around 900,000 people, as residents tried to stock up on fuel, which is mostly imported and is in extremely short supply
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
-
Herbert Diess, Volkswagen's Disruptor-In-Chief, Runs Out Of Road
Herbert Diess took over at Volkswagen AG four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW executive offered a new vision.
-
G7 Calls On OPEC To Play Key Role To Ease Global Energy Supplies
Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.
-
Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
-
Sri Lanka Down To Last Day Of Petrol, PM Tells Crisis-Hit Nation
Sri Lanka's new prime minister said the crisis-hit nation was down to its last day of petrol, as the country's power minister told citizens not to join the lengthy fuel queues that have galvanised weeks of anti-government protests.
-
Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.
-
Sri Lanka To Default On Debt, No Money For Fuel, Minister Says
Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for fuel.
-
Oil Prices Settle Down On Fears Of Fed And Oil Profit Tax
Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports.
-
Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
-
Sri Lankan Woman Rickshaw Driver Has To Queue 12 Hours, Or More, For Fuel
Lasanda Deepthi, a 43-year-old Sri Lankan woman, plans her day around fuel queues.
-
Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.
-
G7 Calls On OPEC To Play Key Role To Ease Global Energy Supplies
Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.
-
IEA Warns Against Energy Crisis Deepening Fossil Fuel Reliance
The Paris-based IEA, a top energy watchdog, warned investors last year not to fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century.
-
Sri Lanka To Default On Debt, No Money For Fuel, Minister Says
Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for fuel.
-
Thousands Queue For Petrol, Gas In Sri Lanka Amid Warnings Of Food Shortages
Lines formed in many parts of Colombo, a city of around 900,000 people, as residents tried to stock up on fuel, which is mostly imported and is in extremely short supply
