A new bloc-wide agency, similar to OFAC in the US, could soon be created, a top official says Lawmakers in the European Union are seeking a new authority to enforce sanctions against Moscow over the conflict in Ukraine, Mairead McGuinness, European Commissioner for Financial Services, told the Financial Times on Sunday.

Consumer energy demand is expected to hit all-time highs this summer, and utilities are warning they may lack the equipment to maintain the grid American power providers are facing supply shortages that stem from increased pressure on the grid due to record-high temperatures, as people boost the use of air conditioning, Reuters reported on Wednesday.

A rise in perishable food prices and lower consumer spending are to blame, according to data cited by The Guardian Shop price inflation in the UK hit its highest rate since 2008 in June, propelled by a sharp increase in perishable food prices. This has been brought about by soaring supply-chain costs and a decline…