The value of stock offerings in Europe is at the lowest
level since 2003 as stormy markets, roaring inflation,
rising rates and a grim economic outlook send investors
running for the hills |
00:01 - 02/06/22 |
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Europe intensifies its competition for oil with Asia
following the purchase of the most crude from the UAE in at
least six years, as buyers seek to replace Russian barrels
and meet soaring fuel demand |
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Italy’s economy avoids contraction in the first quarter in a
boost for Prime Minister Mario Draghi who has been
protecting the economy from the worst of the crisis through
fiscal spending |
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China’s factories continued to contract but at a slower pace
in May as many of the country’s tightest Covid restrictions
began lifting gradually in some areas, indicating the worst
of the current economic slump is close to an end |
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Petrol and diesel prices soared over the weekend, bringing
yet more financial pain for British drivers |
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