Euro drops to 20-year low, approaches parity with dollar

Euro drops to 20-year low, approaches parity with dollar

NEW YORK, July 11 (Reuters) – The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will tip the region into a recession, while the U.S. currency was boosted by expectations that the Federal Reserve will hike rates faster and further than … Read more

Why is Lithuania risking Russia’s wrath over Kaliningrad?

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Lithuania imposed a ground transit ban of EU sanctioned Russian goods through its territory on Saturday, cutting off the Russian exclave of Kaliningrad Oblast. The governor of the oblast, Anton Alikhanov, said the ban will block half of all goods coming into the territory, the majority of which travel via railroad. The ban will also … Read more