US facing ‘death spiral’ of swelling debt – Nassim Taleb

The burgeoning US debt pile is akin to a “death spiral” that only a “miracle” could extract the country from, economist and ‘Black Swan’ author Nassim Taleb said at a business event on Monday, as quoted by Bloomberg.

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Energy giant warns of tight market in 2023

The shortage of Russian gas flows to the EU has already led to supply constraints in the LNG market, the TotalEnergies CEO says Supply issues will continue to affect the European gas market this year, due to the need to refill storages, as supplies from Russia are severely diminished, TotalEnergies СEO Patrick Pouyanne told Belgian…

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European officials blame Russia for Nord Stream troubles

Moscow’s ‘cynicism,’ not EU sanctions, is to blame for the pipeline drying up, they say Russia is deliberately sabotaging the Nord Stream 1 natural gas pipeline to spite EU, European officials have claimed, questioning Moscow’s explanation for an indefinite delay in restoring service. State-owned energy giant Gazprom informed its European customers on Saturday that it…

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