Bank forces sale of oligarch’s $75-million megayacht

A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is understood to be the first sale of its kind since Russia invaded Ukraine in February.Story Published at: August 24, 2022 at 08:28PM

Solar power booms in Germany as Russia turns down gas

People on the frontlines of Europe’s gas crisis are scrambling to get solar panels for their homes and businesses as they confront a “perfect storm” that’s sending energy prices to record levels. Story Published at: August 24, 2022 at 11:23AM

UK energy crisis is ‘bigger than the pandemic’

The United Kingdom will have to find an answer to soaring energy bills soon or risk a humanitarian crisis. But freezing gas and electricity prices over the next two winters could cost the government over £100 billion ($118 billion), more than it spent paying millions of people’s salaries during the pandemic. Story Published at: August 24, 2022 at 04:12PM

Where six months of war in Ukraine leaves markets

When Russian President Vladimir Putin launched his unprovoked invasion of Ukraine in late February, investors were as shocked as much of the rest of the world. They rushed to digest the consequences, as the war disrupted supply chains and triggered unprecedented Western sanctions, straining a global economy already under pressure. Story Published at: August 24, 2022 at 01:45PM