Bloomberg Business

Russia Says It May Cut Daily Oil Output by 700,000 Barrels

Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of Seven’s price cap on the nation’s crude exports, according to Deputy Prime Minister Alexander Novak.

Poland Sues EU Over Mounting Fine in Rule-of-Law Dispute

Poland filed a complaint against the European Union’s executive to the bloc’s top court to stop a daily fine of €1 million ($1.1 million) that’s at the center of the country’s dispute over sweeping changes in the judiciary.

Jan. 6 Panel Urges Congress to Weigh Barring Trump From Office

A House committee investigating the Capitol insurrection said Congress should consider whether to bar former President Donald Trump and others tied to the Jan. 6 attack from public office, one of nearly a dozen recommendations aimed at preventing future attempts to overturn a US election.

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