NEWS

Oil prices ease as Russia output increases

A sticker reads crude oil on the side of a storage tank in the Permian Basin
Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures.
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A person looks at food goods in a shop in London

UK inflation tops 10%, highest since 1982

British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo

Norway's Wealth Fund Loses $174 Billion In First Half Of 2022

Norway's sovereign wealth fund, the world's largest, made a loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022, it said on Wednesday, as stocks and bonds were hit by global recession fears and rampant price inflation.