News

A Test Of Endurance: Europe Faces A Chilling Couple Of Years, But Russia Stands To Lose The Energy Showdown

In the European Union this winter, fears of rolling blackouts triggered by Russian energy export cuts amid Moscow’s war in Ukraine have subsided thanks to good luck, good weather, and quick action.A warm start to the heating season in October and Novem…

Finance

Third of world in recession this year, IMF Head warns

WASHINGTON— A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.Kristalina Georgieva said 2023 will be “tougher” than last year as the US, EU and China see their economies slow.It c…