Business
Lufthansa going green would use half of Germany’s electricity – Bloomberg
Germany’s plans to use synthetic jet fuel could be at risk due to the energy crisis, Bloomberg reports
EU member warns against Russia sanctions
Hungary will veto European Union sanctions against Russian nuclear energy, Foreign Minister Peter Szijjarto has warned
Hungary warns EU against ditching Russian energy
Abandoning Russian energy isn’t in the interests of EU member states, Hungarian PM Viktor Orban says
EU makes precedent-setting decision on frozen Russian assets – Kommersant
Russian investors have recovered $33 million of frozen funds from Euroclear under class action, Kommersant says
Most Russian oil exports bypassing price cap – FT
Russian oil exports are reportedly avoiding Western insurers to sidestep sanctions imposed by the EU and G7
Global warming could cause beer deficit, brewer claims
Climate change threatens to reduce barley and hop harvests by 2050, which could lead to beer shortages, CEO of beer giant Asahi says
UK recession fears mounting
UK firms are cutting the workforce amid falling output and growing risks of an economic contraction, S&P Global reports
Russian oil major ditching dollar in trade
Russian crude producer Gazprom Neft has switched to yuan and ruble in export payments, its CEO says
Brussels should buy Ukrainian grain for Africa – Lavrov
Russia’s foreign minister Sergey Lavrov suggests Brussels buy the Ukrainian grain that the EU doesn’t want and give it to African nations
Eurozone facing contraction – S&P
Germany and France have led the euro area’s downturn with no indication of returning to growth, S&P Global says
Russia-China trade on track for record in 2023
Moscow and Beijing have continued to ramp up economic cooperation in the face of Western pressure
Ukraine offers Poland compromise on grain supplies
Poland and Ukraine should launch ‘manual’ shipments of grain by coordinating each batch with Warsaw, a top Ukrainian official has proposed
Fake euros accepted as payment in Kosovo
Cafes and shops in Kosovo have stopped checking euro coins for authenticity as the breakaway province has been inundated with fake money
Russian LNG shipments to China surge
Russia has become China’s third largest LNG supplier after Qatar and Australia, customs data shows
Coffee prices in Russia more than double in seven years – study
A cup of coffee in Russia now costs roughly twice as much as it did in 2016, according to the financial data firm OFD Platform
Ukrainian economy grows nearly 20% – government
Ukraine’s economy saw year-on-year growth of 19.5% in the second quarter of this year, the State Statistics Service reports
