A mooted windfall tax on UK power generators could be delayed or scrapped entirely after Chancellor Rishi Sunak resigned on Tuesday, according to utilities analysts.
The Philippine economy will likely expand at a lower band than previously estimated, Finance Secretary Benjamin Diokno said, as the new administration faces a raft of challenges.
Malaysia’s central bank raised its benchmark interest rate for a second straight meeting in a bid to tame inflation and signaled more measures going forward will be gradual.
A strike by oil workers in Norway that threatened to have wider ramifications for Europe’s energy supply is heading for resolution after the government proposed a compulsory wage board to tackle the dispute.
European natural gas prices halted their rally after Norway’s oil and gas unions agreed to end a strike and Germany took steps to ease its supply crunch.
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