Is Itsto a Panic?

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Price rises ar starting to be felt, especially on consumer goods. The government is trying to keep tabs on the prices of staple goods but panic buying has spread like wildfire. There's been a run on trying to secure cards that use ta chinese payment system called union pay. Some russian banks have actually posted on social media about how they are short of plastic because they need to be producing these union pay cards all of a sudden.

Germany said it sealed a long-term agreement with Qatar for liquefied natural gas supplies, prices on many products in Russia have shot up as sanctions blow a hole in Russia’s economy, EU lawmakers are set to finalise new rules for leading technology companies despite heavy lobbying by Big Tech, and a key player in the chip industry warns of a two-year shortage of critical equipment.

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Mentioned in this podcast:

Germany says its clinched long term gas deal with Qatar

Price surges and panic buying: Russia’s war empties shelves and wallets

How Big Tech lost the antitrust battle in Europe

Chipmakers face two year shortage of critical equipment

War in Ukraine: free to read

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

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