Israel faces major economic crisis – JPMorgan

JPMorgan has sharply lowered its fourth quarter economic forecast for Israel. According to a research note made public on Friday, the country’s gross domestic product (GDP) may shrink 11% from the previous three months amid the escalation of hostilities with the Palestinian armed group Hamas.

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Estonia warns it will veto EU price cap on Russian oil

The proposed $65-$70 per barrel limit has been called “too generous” for Moscow by Poland and the Baltic states A price cap on Russian oil proposed by the European Commission is too high and may be blocked by Estonia, Minister of Foreign Affairs Urmas Reinsalu said on Thursday, as quoted by Estonian state broadcaster ERR.

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Bulgarians want Russian gas back – minister

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