Deutsche CEO Christian Sewing assesses impact of Nord Stream 1’s probable shutdown Deutsche Bank CEO Christian Sewing has urged European authorities to take their time when it comes to escalating sanctions against Russia over the military standoff in Ukraine, saying that the measures may have negative impact on the bloc as well.

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Housing construction in the EU and UK has fallen sharply due to interest-rate hikes, Bloomberg reported on Thursday. Policies aimed at tackling raging inflation are exacerbating supply-chain issues and sending the cost of loans and building materials soaring, the agency noted.