Bloomberg Gazprom PJSC said it will shift its contract to supply gas to China to rubles and yuan from euros, as the Kremlin steps up efforts to move trade out of currencies it considers “unfriendly” amid US and European sanctions. The state-run gas giant signed an additional agreement to its existing contract with China National Petroleum Corp on the issue, ...

Bloomberg Soaring petrol prices in the UK caused millions of people to avoid driving this summer, according to the country’s Office for National Statistics. About 44% of people experiencing a cost of living squeeze took fewer non-essential car trips, according to an ONS survey. The figures — combined with Visa credit card data showing people put less fuel in their ...

  Bloomberg Portugal plans to lower the value-added tax rate to 6% from 13% for a certain amount of electricity use as the government tries to help consumers face rising costs for energy and other goods. The decision will take effect in October, Prime Minister Antonio Costa said at a press conference in Lisbon on Monday evening. Other steps presented ...