Tag
energy costs
2 articles
ECB Hikes to 2.5% as Energy Shock Keeps Inflation Above 3%
Central bank raises deposit rate for second time this year, projecting inflation will remain well above its 2% target through 2027 as Middle East conflict sustains oil and gas pressures.
Australia to Commit A$2.5 Billion to Tomago Aluminum Smelter as Energy Costs Bite
Federal and state governments are set to provide A$2.5 billion ($1.8 billion) to the Rio Tinto-backed Tomago smelter, requiring A$1 billion in owner upgrades.