Russia could earn a record $100 billion from gas sales to European countries in 2022 due to the sharp rise in energy prices, French newspaper Les Echos reported this week, citing Citibank analysts. According to the paper, the projected income from gas sales will be almost twice as much as last year. The analysis does…

Estonia, Lithuania and Bulgaria have the fastest consumer price growth in the bloc Consumer price growth has hit double digits in at least a third of EU countries, with the most severe spike seen in the Baltic region, the Financial Times reported this week.

Australian Prime Minister Scott Morrison has admitted defeat following the country’s federal elections on Saturday, calling Labor Party chief Anthony Albanese to congratulate him on his victory. The PM conceded in a televised speech from Liberal headquarters in Sydney, adding that he would stand down as the party’s leader.