UIG

Germany takes step closer to gas rationing

The country triggers the “alarm” stage of its emergency gas plan after a drop in Russian supplies.

It will soon be impossible to pay in shops with the notes, which are being replaced by plastic versions.

Interest payments made on government debt hit the highest level on record for May as inflation surged.

Elon Musk said the Covid-19 lockdown in Shanghai was “very difficult” for the electric car maker.

Ministers say the plan, which needs Parliament’s approval, would limit the impact of future strikes.

Leaders from India, Russia, China, Brazil and South Africa meet amid major shifts in geopolitics.

Two Australia farmers are aiming rival Mexican tequila and mezcal with a similar delicious spirit.

The trial will allow some users to share “notes” beyond the normal 280-character limit for tweets.

Analysts say suspending the tax would do little to lower costs for people at the pump.

The US automaker warns of “significant” job losses as part of its changing strategy.