Time and money are largely interchangeable terms. - Winston S. Churchill

Europe

Switzerland may resort to rationing of gas consumption - Government of Switzerland

Photo by Toan Chu / Unsplash

This month, Switzerland held the first talks with Germany on a planned cooperation agreement on gas supplies.

"We cannot rule out gas shortages this winter, we can resort to rationing if necessary," the government said.

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ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

Price for oil price cap yet to be determined, head of European Commission

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U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range