Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable.
Uber Technologies Inc will discontinue its ride-hailing services app in five cities in Pakistan including Karachi and Islamabad, the company said on Tuesday, in a move that will reduce market overlap between the U.S. firm and its Middle East unit Careem.
Toyota Motor Corp on Tuesday unveiled its flex fuel hybrid sedan in India, kicking off a pilot project in a market where the government is pushing automakers to switch to clean fuels.
U.S. banks are giving far less to federal candidates this election cycle and increasing the proportion they are handing to Democrats as they rethink their political giving, according to a Reuters analysis of data compiled by the Center for Responsive Politics (CRP) and more than half a dozen industry officials and lobbyists.
Italy's biggest bank Intesa Sanpaolo is discussing with unions a four-day working week for its 74,000 staff in the country - the first such move by a major Italian employer.
Italy could face a gas shortfall of 5-6 billion cubic meters in the winter of 2023-24 without a new regasification terminal, the CEO of energy major Eni Claudio Descalzi said on Tuesday.
Japanese retail foreign currency deposits have jumped this year as local investors switch out of a weakening yen and zero-yielding local bond markets and into overseas markets with rising yields.
British house prices could fall by 10%, an executive at Lloyds Banking Group told an industry event on Tuesday, as the economy adjusts to higher costs of debt and living expenses.
The cost of insuring exposure to China's sovereign debt rose to the highest level since January 2017 on Tuesday, data from S&P Global Market Intelligence showed.
British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a tough winter ahead.
