Business
Baltic natural gas pipeline shut over suspected leak
A gas pipeline between Finland and Estonia has been temporarily closed due to a suspected leak, its operators said on Sunday
Israeli-Palestinian conflict pushes oil prices higher
Violent clashes between Israel and Palestinian militants have sent oil prices surging
Israeli currency drops to eight-year low
The Israeli shekel has declined 3% to 3.96 versus the US dollar, the lowest since February 2016
Turkish lira hits new all-time low
Türkiye’s national currency, the lira, has dropped to its lowest historical level against the US dollar
Foreign brands turn to Russian market
A record number of foreign brands have registered in Russia since the beginning of the year, according to data from NF Group
US ramps up imports from Russia
The US boosted goods purchases from Russia in August despite its numerous rounds of sanctions, data shows
Israel-Palestine conflict endangers oil market – experts
No immediate threat to global oil supply expected as Iran, an alleged backer of Hamas, is not directly involved in Israel-Palestine conflict
Russia resumes oil exports to BRICS partner
Brazil’s imports of Russian oil in September surged to their highest volume since 2010 as nations resume cooperation after a long stoppage
Germany at risk of energy shortages – utility
Germany may face gas supply disruptions in case of a cold winter due to shortages and higher prices, the RWE CEO has warned
Americans losing spending power – Bloomberg
About a fifth of high- and middle-income Americans expect their revenues to drop in the next four weeks, a survey has revealed
Russia becomes India’s number one supplier of light-end oil product
Russia has surpassed the United Arab Emirates as India’s top supplier of naphtha, an oil product used to produce plastics and gasoline
AI could let people work less, JPMorgan boss claims
Artificial Intelligence may let people work three-and-a-half days a week in the future, JPMorgan’s Dimon has said
Russia’s richest company revealed
Energy giant Gazprom has topped the Forbes rating of Russia’s most profitable companies for the second year in a row
Saudi Arabia considers oil measure to secure defense deal – WSJ
Riyadh may scrap crude output cuts next year in exchange for a defense pact with Washington, the Wall Street Journal has reported
Russia starts supplying gas to Central Asia
Moscow has launched natural gas exports to Uzbekistan via its pipeline system with Kazakhstan
Hollywood strikes cost US thousands of jobs
The strike in the US by writers and actors has seen employment in the entertainment sector plunge, according to the latest jobs report