European oil refineries’ margins collapse as input costs soar
Slump in profits raises prospect of output cuts even as continent faces soaring prices for refined products
Economic news
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Gold Fields mounts charm offensive to woo Northern Star investors
South African miner’s chief meets Australian shareholders to promote merits of creating $27bn gold ‘powerhouse’
‘Godzilla El Niño’ is wreaking havoc with Philippine central bank’s inflation forecasts
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.
Patrick Drahi’s creditors strike back
Lenders have sued Altice International in the latest escalation of a long-running battle between the heavily indebted telecoms group and its creditors
Germany puts Ukrainian ex-officer in the dock over Nord Stream sabotage
Serhii Kuznietsov is accused of leading group of divers who placed explosives on the Russian gas pipelines in the Baltic Sea