Eurozone sees record spike in food prices

Consumers in the Eurozone continued to cut spending on food, drinks, and tobacco last month amid a spike in prices, EU statistics office Eurostat reported on Wednesday. Data shows that costs rose by 8.9% last month on an annual basis, compared with 7.5% growth in May.

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US goal for Russian oil price cap revealed – Bloomberg

The White House is reportedly having “multiple meetings a week” to achieve what some experts say won’t work The US is actively working on a proposal to cap the price of Russian oil at anywhere between $40 and $60 per barrel, Bloomberg reported on Wednesday, citing unnamed sources familiar with the matter. President Joe Biden…

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Ukraine should cede territory to Russia, nearly half of Germans say in poll

A further 41% think Kiev should not make such concessions to end the ongoing conflict Almost half of Germans believe Ukraine should cede territory in the country’s east to reach a peace deal with Russia, according to a fresh poll by broadcaster RTL. While 47% of Germans back the idea of Ukraine making territorial concessions…

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