The Confederation of British Industry (CBI) has predicted that Britain’s economy will experience faster-than-expected growth in 2021. This projection comes as the country continues to recover from the impact of the COVID-19 pandemic. The CBI anticipates that the economy will grow by 8.2% this year, surpassing earlier forecasts.
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US set to sanction Serbia’s main oil company over Russian ownership, Vučić says
Serbian oil company Naftna Industrija Srbije (NIS) faces financial sanctions from the United States due to its Russian ownership, according to Serbian President Aleksandar Vučić. The U.K. and EU are likely to follow suit, potentially halting oil shipments through a pipeline from Croatia. NIS is mostly owned by Russia's Gazprom and Gazprom Neft, with the U.S. sanctions possibly taking effect by January 1. Full Article
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