With foreign reserves at its lowest in 7 years, Sri Lanka's worst financial crisis continues

US West Texas Intermediate (WTI) crude gained $3.02

EU plans for life without Russian gas amid inflation spike

Investors fear recession as banks raise interest rates

Switzerland received 3.1 tonnes of gold worth around $200 million from Russia in May

Manufacturers should not take advantage of “market dominance” to bully airlines

Supplies remain tight owing to sanctions on Russian oil

Companies struggle to refill storage to avoid deeper trouble in winter

Russia earlier this week limited supplies via the Nord Stream 1 pipeline to around 40% of its capacity

EV maker Rivian Automotive Inc has also raised prices on its pickup trucks by 20%