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EU member explains why it’s not sending arms to Ukraine

Hungary does not want to intervene in the conflict between Kiev and Moscow, country’s FM has said Hungary refused to supply Ukraine with weapons because Budapest is trying not to get involved in the conflict between Moscow and Kiev in any way, the country’s Foreign Minister Peter Szijjarto told CNN on Tuesday.

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UK urged to brace for economic storm

The Bank of England (BoE) warned on Tuesday that the economic prospects for Britain have deteriorated since the start of the year, calling on the country’s lenders to set aside more capital to absorb shocks in the markets.

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Energy crunch pushing European gas prices higher

Natural gas prices in Europe rose to the highest level in almost four months on Tuesday as the continent’s energy crisis intensifies. Benchmark futures tied to TTF, the European wholesale gas price, jumped 8% to over $1,800 per thousand cubic meters or €175 per megawatt hour in household terms. That is the highest level since…

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