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EUROPEAN UNION

Bulgartransgaz gas compressor station near Ihtiman

EU leaders turn to gas price caps to end energy crunch

European Union leaders will lock horns on Friday over whether and how to cap gas prices, as they attempt to curb a surge in energy prices that threatens to push the 27-nation bloc into recession and disrupt the EU's cherished single market.
The International Monetary Fund (IMF) headquarters building is seen in Washington

IMF Calls For EU Fiscal Capacity, Rules To Be Linked To Risk

The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts to individual country risk and let independent fiscal councils play a bigger role in policy, the International Monetary Fund said on Monday.
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People pass by an electronic screen showing Japan's Nikkei share price index inside a conference hall  in Tokyo

Asia tries to bounce, tense week ahead for EU

Asian shares inched higher on Monday following a much-needed bounce on Wall Street, but nerves are stretched ahead of a near-certain rate hike in Europe and another round of corporate earnings reports.