UK draws up plan to cut energy imports dependence

The UK may build up to seven nuclear power stations within the next three decades in order to secure domestic energy supply and cut dependence on energy imports, Kwasi Kwarteng, UK Secretary of the State for Business, Energy and Industrial Strategy, said on Sunday.

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Spain sees highest inflation in nearly 40 years

Inflation in Spain rose by 9.8% in March compared to the same month last year, according to preliminary data published by the National Statistics Institute on Wednesday. The rise in the consumer price index is the highest since May 1985, and the provisional figure for this month is more than two percentage points above the…

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Moscow explains switch to ruble for gas payments

Move aimed at preventing Russia from being “robbed” of dollar and euro payments, Kremlin’s spokesman says Moscow’s latest decision to switch to its national currency for gas payments was made to secure Russia’s ability to trade and to ensure that its producers receive their money despite Ukraine-related Western sanctions, according to Dmitry Peskov, press secretary…

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