The UK is preparing to temporarily nationalize Gazprom’s British retail supply arm, Bloomberg reported on Monday. The measure is taken to ensure distressed companies continue energy supplies to customers amid losses due to higher energy costs.

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“Overcapacity” and “dual-purpose trade” are catchphrases to hide the fact that Washington is getting trounced in the economy of the future US Secretary of State Antony Blinken arrived in China on Wednesday to kick off a three-day trip. It is reported that he will speak with his Chinese counterpart and potentially with President Xi Jinping.…