EU nation cuts growth outlook for 2023

Swedish authorities have slashed the country’s economic growth outlook for next year citing rising inflation, Finance Minister Mikael Damberg said on Thursday. Stockholm increased its projection for economic growth to 2.3% in 2022 from a June prediction of 1.9%, but cut the outlook for next year to 0.4% from 1.1%.

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Russian coal exports to China smash five-year high

China keeps stocking up on discounted coal while the West shuns Russian fossil fuels China purchased 7.42 million tons of Russian coal last month, according to data released by the General Administration of Customs on Saturday.

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EU airline makes U-turn on Russian flights

Wizz Air faced mounting criticism last week after announcing it would resume Abu Dhabi-Moscow flights Hungarian budget airline Wizz Air has suspended its plans to resume flights from Abu Dhabi to Moscow from October following criticism of the decision that was announced last week.

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