Bloomberg Octopus Energy Ltd. warned record energy prices will result in a 100 million-pound ($134 million) hit to the UK power supplier’s bottom line this financial year, according to a Financial Times report. Soaring wholesale electricity and gas prices have put 25 U.K. utilities out of business in the last six months. A regulatory cap on the amounts suppliers ...

  Mario Draghi remains Italy’s prime minister. The country’s parliamentarians — in a secretive, conclave-like vote — decided against making him president, instead backing a second term for outgoing head of state Sergio Mattarella. While it may be a personal blow for Draghi, who was known to hanker after the role even if he did not openly campaign for the ...

As speculation about war with Ukraine fills the news, it’s hardly surprising that the Russian ruble is once again heading to its weakest level against the US dollar — one last seen in 2020 — having depreciated over 5% this month. Ever tougher sanctions from the West have been threatened repeatedly, which would make already-restricted trade and capital movements even ...