Consumer prices in Britain jumped by 9% to hit a 40-year high last month, with the biggest price increases seen in food and energy, official figures from the UK’s Office for National Statistics revealed on Wednesday.
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The Russian currency has grown stronger as European energy importers switch to ruble payments Russia’s currency has hit its strongest level against the euro since June 2015 as more European companies appear to be complying with Moscow’s demand that natural gas imports should be paid for in rubles.
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A heat wave in the region is straining power grids and spurring demand for thermal coal and fuel oil, Bloomberg reports Asian imports of Russian energy used for electricity generation have surged in recent weeks due to high demand amid unseasonably warm weather, Bloomberg reported on Sunday, citing ship-tracking data from Kpler.
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