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News conference on high gas prices at the Chancellery in Berlin

Germany's Scholz Urges Unity To Ease Winter Energy Pain

Germany can weather a winter energy shortage caused by Russia's invasion of Ukraine provided companies and households pull together, the German chancellor said on Tuesday before European Union ministers meet again on the energy crisis.
U.S. Senate Banking Committee hearing on Capitol Hill in Washington

Fed's Brainard Says Rates To Stay Restrictive, But Attentive To Risks

The U.S. Federal Reserve is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain "data-dependent" as the central bank monitors the economy and the evolution of domestic and global risks.
British pound coins are seen in front of displayed stock graph in this illustration

UK Gilts Slump As Government Fails To Woo Investors

British government bond prices tumbled on Monday in a sign that investors are yet to be convinced by Finance Minister Kwasi Kwarteng's drive to shore up fiscal credibility, which included bringing forward his new fiscal plan to Oct.
Gas installation is pictured at the Cavern Underground Gas Storage (CUGS) Kosakowo facility, near Debogorze

EU Countries Eye Deal On More Energy Measures Within Weeks

European Union countries will seek a November deal on more emergency measures to tackle high gas prices, officials said, although countries still disagree on what form those measures would take and whether they should cap gas prices.

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