Japan is asking companies to reduce imports from the sanctioned country, the outlet has said  Russian shipments of liquefied natural gas (LNG) to Asia declined by 15% to their lowest level in almost two years last month as importers sought to diversify supplies, Bloomberg reported last week, citing shipping data.

The UK economy is “close to stalling” as business growth has slowed to its lowest level since January, hit by soaring interest rates, a survey by S&P Global Insight has indicated. Private sector activity in Britain has seen a “considerable slowdown” due to sluggish demand, spiraling inflation, and increasingly high borrowing costs, driving July’s PMI…

Core inflation in the Eurozone accelerated in June, the statistics agency Eurostat revealed last week. In the 20 countries that share the euro, core consumer prices – which exclude food and energy – gained 5.5% year-on-year, up from a preliminary estimate of 5.4% and a reading of 5.3% in May, the data showed.