Bloomberg Electricity prices in Britain may rise this winter as the El Nino weather system ebbs away, driving up energy demand while quelling breezes that wind farms depend on to generate renewable power. The La Nina weather patterns that generally follows El Nino may cool temperatures and curtail wind speeds from the U.K. to Germany, according to U.K. government ...

  Bloomberg A Brexit wouldn’t just weaken the pound — it would jeopardize its status as a reserve currency used in world trade, according to S&P Global Ratings. Sterling lags only the dollar and euro in central banks’ holdings, a legacy of Britain’s large economy, its trusted legal system and use of the global lingua franca. But a vote to ...

  AP The EU’s decision on whether to extend economic sanctions against Russia for its actions in Ukraine should be transparent and discussed openly, Hungary’s foreign minister said on Wednesday. Foreign Minister Peter Szijjarto said after meeting Russian counterpart Sergey Lavrov that Hungary will not accept an “automatic” decision regarding the sanctions currently in place until the end of July. ...