The Bank of England has warned that inflation could hit 8 per cent by as early as next month in Britain as it raised interest rates to pre-pandemic levels on Thursday.
Rep. Frank Pallone, D-N.J., chairman of the Energy and Commerce Committee, is asking executives from six oil companies to testify about surging gas prices.
Officials from the administrations of presidents Joe Biden and Andres Manuel Lopez Obrador in recent days discussed their concern about the impact that rising food and energy prices will have on the region
White House press secretary Jen Psaki told reporters that the United States won't be implementing the requested no-fly zone in Ukraine due to the danger of being pulled into an all-out world war.
White House Press Secretary Jen Psaki repeatedly shut down questions about President Joe Biden potentially cutting a deal to import oil from socialist Venezuela on Monday after rumors of such a move, fueled by a U.S. delegation to Caracas, prompted international outrage.
"There was so much concern about potential 'Islamophobia' after 9/11, and 'anti-Asian' backlash after China unleashed covid on the world, and yet it seems to be open season on Russians right now," Daily Wire podcast host Matt Walsh tweeted.
President Joe Biden has come under immense scrutiny by Republicans in the upper chamber, over his diplomatic efforts with Iran. On Monday, all but one GOP senator sent a letter to Biden urging him to stop trying to ink a deal with the Iranian regime to revive the controversial 2015 nuclear deal.
The International Monetary Fund (IMF) predicted Sunday that Russia will be moving towards a “deep recession” as a consequence of the trade sanctions imposed on Moscow after the invasion of Ukraine.
