Europe is forced to increase coal production and is preparing for a harsh winter due to the threat of stopping gas supplies from Russia to European countries, the Greek publication Proto Tema wrote
Annual inflation in Canada has accelerated to 7.7 per cent, breaking a record since 1983.
The average price of petrol in the Czech Republic has reached a maximum of around $2.08 per litre.
Last year, the Spanish government already reduced VAT on electricity to 10% from 21%.
Inflation in the UK has reached its highest level in over four decades.
The average price of petrol in Britain has hit a record high of around $2.32 a litre.
In an interview with the German weekly Automobilwoche, outgoing Skoda boss Thomas Schäfer said that a fifth of the Mladá Boleslav carmaker’s total production will be battery-powered by 2025.
OPEC expects global oil demand to grow by 3.4 million barrels per day in 2022.
Inflation in Germany accelerated to an annual rate of 7.9 percent for May, according to a press release from the Federal Statistical Office.