Inflation in Germany reached its highest level since 1981 in April, propelled by the surging prices of oil, gas and petrochemicals, official data indicates. According to the Federal Statistics Office, consumer prices, harmonized to make them comparable with inflation data from other European Union states (HICP), increased at an annual 7.8% rate in April, up…

Crypto assets should be used within clear, regulated boundaries, Fabio Panetta says Globally coordinated measures are needed to regulate the crypto market and avoid a “lawless frenzy of risk-taking,” top official at the European Central Bank Fabio Panetta said in a speech at Columbia University on Monday.

ExxonMobil has been having difficulties with export shipments from the Sakhalin 1 project ExxonMobil said on Wednesday that its Russian unit Exxon Neftegas has declared force majeure for its Sakhalin 1 operations due to sanctions. It has become increasingly difficult to ship crude to customers, the company explained.