Business conditions in Japan stagnated during the third quarter as the quarterly Tankan survey of corporate sentiment confirmed a loss of economic momentum. However, the Tankan shows no sign of a downward spiral in the economy so it is unlikely to cause panic at the Bank of Japan. Source: FT
“What is happening today in the energy markets of Europe is, to a certain extent, a man-made result of short-sighted policy,” the Russian President added Source TASS
India is facing an impending energy crisis as several states saw coal-fired power plants shut down due to a coal shortage. Major cities such as the capital New Delhi experienced electricity cuts that ran for hours over the weekend. Source DW
India is grappling with an escalating crisis as stockpiles of coal, the fuel used to generate about 70% of the nation’s electricity, dwindle to the lowest in years just as power demand is set to surge. Source EconomicTimes
