Russian oil price cap has ‘largely failed’ – Politico

Moscow’s export revenues are higher than the West was expecting, according to new analysis The price limit imposed by the G7 and EU countries on Russian seaborne oil sales has essentially failed, Politico reported on Tuesday, citing new research.

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Italians spending less on groceries – report

Measures taken by the Italian government to stem rising food prices have proved ineffective in the fourth quarter, data published by the National Consumer Union (UNC) on Monday showed. The report revealed that in November, fresh fruit saw the sharpest price increase of 4.4% compared to the previous month, followed by olive oil, which surged…

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US House Speaker issues Ukraine ultimatum to Biden

Getting the Republican-majority House of Representatives to approve additional funding for Ukraine would require first securing the US border with Mexico, Speaker Mike Johnson told the White House on Tuesday.

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