Can Germany’s economy minister keep the lights on this winter? Memories of postwar squalor revived by Vladimir Putin’s shutting down of Nord Stream 1 pipeline
Eurozone interest rates must continue to rise, says European Central Bank Decision about how to fight inflation follows increase by unprecedented 0.75 percentage points
Ukraine needs ‘radical’ reform to sustain war effort, warn economists Anti-corruption measures and progressive taxes among actions recommended by leading academics
Energy ministers to thrash out EU approach to gas and electricity crisis Talks expected to be complex, with some member states strongly against proposed price cap on Russian gas
Cazoo to abandon business operations in EU and cut 750 jobs UK online car retailer will make all of its employees in France, Germany, Italy and Spain redundant
Germany to extend energy subsidies to smaller firms amid closure fears Economy minister says ‘demand shock’ must be addressed, as economists raise fears of recession
ECB raises interest rates across eurozone by record margin European Central Bank sets aside recession fears to increase rates by 0.75 of a percentage point to 1.25%
Lloyd’s of London takes £1.1bn hit from Ukraine war Insurance market warns of financial fallout from conflict and tough year of natural catastrophes
Cost of living crisis: what governments around the world are doing to help From cancelling student loan debt to raising minimum wage, different strategies aim to reduce effects of soaring prices
Cost of living and climate are higher global priorities than Ukraine, poll finds But there remains strong support in many countries for Russian military withdrawal from Ukraine, survey finds
UK facing 1970s-style balance of payments crisis under Liz Truss Tax cuts and spending pledges could alarm global markets and trigger a 30% collapse in sterling, Deutsche Bank warns
Gas prices soar and pound and euro fall as Russia shuts Nord Stream pipeline European countries scramble to store as much gas as possible before winter as they brace for shortages
Russia will not resume gas supplies to Europe until sanctions lifted, says Moscow Kremlin blames western sanctions for failure to deliver gas through Nord Stream 1 pipeline
Gas prices likely to hit new highs as Russia shuts pipeline indefinitely More UK manufacturers are cutting production or making job cuts as result of ‘out of control’ energy bills
Britain needs an economic strategy – instead we’ve got Liz Truss As we wrestle with the disaster of Brexit and loss of the single market, our next PM is ruining Anglo-French relations