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Economy / Finance
135 posts
Germany down: After Corona & sanctions, the banking crisis hits the country hard.
Germany’s economy is facing multiple challenges, including the ongoing COVID-19 pandemic, economic sanctions, and now a banking crisis.…
The Chinese communist regime “sinks” billionaire Jack Ma
The founder of e-commerce company Alibaba, Jack Ma, has stepped out of the spotlight as China’s Communist Party…
Zybio company fired 10 thousand workers, causing unrest
The unrest in China is continuing as many companies are beginning to have financial difficulties as infections with…
Inflation in the Eurozone falls to 9.2 percent
The drop in inflation was stronger than expected, but experts are not overly optimistic. The next meeting of…
Shares of Apple and Tesla fall
Shares of Apple and Tesla have fallen on growing concerns about delays in their production lines in China.…
The price of oil in the world market falls
Oil prices on the world market today fell to their lowest level since the beginning of the year…
Oil prices in the world at the lowest level since last year
Oil prices fell to their lowest level since December 2021 as a wave of unrest in China hit…
Britain’s economy, the most affected among the G7
The global energy crisis will hit the UK economy harder than those of other powerful countries in the…
Surprising drop in producer prices in Germany
German manufacturers suddenly cut their prices in October for the first time in two and a half years.…
The Eurozone avoids the risk of a deep economic recession
The chances of the Eurozone falling into a deep economic recession this winter are shrinking. Big fiscal supports…
Mayor of London: BREXIT is not working
The mayor of London, Sadiq Khan, has said that BREXIT is not working because exporters in Great Britain…
Russia makes the largest one-day debt issuance in its history
Russia has made its largest one-day debt issue in history, raising the equivalent of €13.6 billion, the UK’s…
Germany increases emergency fund to cope with energy crisis
German authorities have stepped up preparations for an emergency fund in case of an energy crisis, as the…
FTX has filed for bankruptcy in the US
Cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it searches for a…
Musk does not rule out the possibility of bankruptcy of Twitter
Twitter’s new owner Elon Musk raised the possibility of bankruptcy for the social media platform on Thursday, capping…
Amazon becomes the first company to lose $1 trillion
It’s been a bad few weeks for tech companies as companies like Twitter and Meta announced massive layoffs.…
Tesla shares fall to their lowest level in two years
Shares of Tesla have fallen to their lowest level in nearly two years after Chief Executive Elon Musk…
Elon Musk sells $4 billion worth of Tesla shares
Tesla CEO Elon Musk has sold 19.5 million shares in a transaction valued at $3.95 billion. Musk’s move…
Twitter is asking dozens of workers to return to the company
After Twitter laid off roughly half of its staff following its acquisition by billionaire Elon Musk, the company…
Meta might be planning to lay off “thousands” of workers
Meta plans major job cuts that could affect “thousands” of workers. Sources familiar with the situation said the…
Angela Merkel in the target of the Ministry of Finance
Angela Merkel has been targeted by the German Ministry of Finance for the exorbitant expenses of her office…
Canada orders three Chinese firms to leave its lithium mines
Canada has ordered three Chinese companies to divest their investments from critical Canadian minerals, citing national security. As…
Germany fills gas deposits by 99.19 percent
German gas storage facilities are now 99.19 percent full, according to the latest preliminary data from European gas…
UK sanctions four Russian tycoons financing Putin’s war
The British Ministry of Foreign Affairs announces that it has placed on the sanctions list four Russian tycoons…
Musk denies reports that Twitter is planning mass layoffs
Elon Musk has denied a report that he plans to lay off workers massively from Twitter before the…
The world is facing the first global energy crisis
Russian military aggression in Ukraine will have long-term effects on energy supplies and markets. According to the results…
The EU proposes a major overhaul of bank payments
The European Commission has proposed a law according to which banks will have to immediately carry out all…
Coca-Cola’s revenue rose strongly after the price hike
US drinks giant Coca-Cola today reported double-digit revenue growth in the third quarter thanks to higher prices that…
Gas prices fall below 100 euros per MWh
Gas prices in Europe have fallen below 100 euros per megawatt-hour for the first time since mid-June, as…
The number of attacks on ATMs is increasing dramatically
The number of attacks on ATMs in Europe is increasing dramatically, Europol has determined. According to this agency,…
The EU will investigate the purchase of Covid vaccines
The European Public Prosecutor’s Office (EPPO) announced that it is conducting an investigation into the purchase of vaccines…
The pound rises after the resignation of the British PM
The pound rose against the dollar and government borrowing costs fell as investors reacted to the resignation of…
Home prices could fall by 20 percent in the US
Home prices in the United States could fall as much as 20 percent within the next year as…
The pound rises after the resignation of Liz Truss
The pound rose against the dollar and government borrowing costs fell as investors reacted to the resignation of…
Interest rate increase in the US risk of economic decline
The increase in interest rates in the United States of America is influencing the global increase in prices,…
The EU significantly reduces gas imports from Russia
The European Union (EU) has significantly reduced natural gas imports from 40 percent to 7.5 percent, with measures…
The EU significantly reduces gas imports from Russia
The European Union (EU) has significantly reduced natural gas imports from 40 percent to 7.5 percent, with measures…
The IMF allocated 1.3 billion dollars for Ukraine
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $1.3 billion to Ukraine…
Amazon plans to hire 150,000 workers
On Thursday, Amazon said it plans to hire 150,000 new workers across America to handle increased demand ahead…
Inflation in Turkey reaches a record level of over 80 percent
Inflation in Turkey in annual terms reached a new level of 83.4 percent in September, unlike that of…
Russian Gazprom cuts gas supplies to Italy as well
The Italian energy company ENI has informed that the Russian Gazprom has interrupted the flow of gas. Italian…
Protests in London against the high cost of living
Several hundred people protested in London against the high cost of living. Demonstrators gathered in front of King’s…
The new Norway-Poland gas pipeline opens
Gas has started flowing to Poland through a new “Baltik Pipe” pipeline, says the country’s gas pipeline operator…
Inflation in Europe, increased by 10 percent in September
Everyone has noticed it in the bank account. Money is running low. Prices are skyrocketing and filling the…
An increase in hotel prices is expected in 2023
A recent report from American Express Global Business Travel has revealed that hotel prices will increase over the…
All Turkish banks ban use of Russian payment system ‘Mir’
Three Turkish banks plan to exit the Russian payment system “Mir” due to warnings of economic sanctions. Turkiye…
IMF: The economic outlook is worsening in the world
International Monetary Fund loans to countries with economic problems have reached a record high, as the world organization…
The war in Ukraine has the biggest impact on the world economy
The Organization for Economic Co-operation and Development (OECD) said Russia’s war in Ukraine – now in its eighth…
The UAE will supply Germany with gas and oil
The United Arab Emirates (UAE) and Germany signed today, during the visit of German Chancellor Olaf Scholz to…
The Bank of England raises the interest rate to 2.25 percent
The Bank of England announced that it has raised interest rates by 0.5 percentage points to 2.25 percent…
Germany fills 90 percent of its gas reserves
Economy Minister Robert Habeck said that Germany can spend the winter “comfortably” despite the lack of Russian gas.…
The Federal Reserve will keep interest rates above 4 percent
The United States Central Bank will raise its key monetary policy rate to above 4 percent and keep…
Bitcoin continues to depreciate, falls below $19,000
Cryptocurrencies have fallen to lower levels again, due to concerns of regulators over risky assets with rising interest…
France will stop exporting electricity to Italy
Italy may be forced to go without French electricity for several years, from which it imports 5 percent…
Ethereum could topple Bitcoin
Ethereum‘s ‘merger’ marks a new era for cryptocurrencies that could turn it into the No. 1 coin in…
Prince William will have an income of 25 million euros
As heir to the throne, the King’s eldest son is entitled to the surplus created by the Duchy’s…
UK inflation shows signs of slowing
The rate of inflation in the UK has eased slightly, although prices continue to rise at almost their…
Most of the monuments will remain without power in Paris
Paris will start turning off the decorative lights adorning the city’s monuments a few hours earlier than usual.…
Azerbaijan will increase gas exports to Europe
Azerbaijan will increase its gas exports to Europe by 30 percent this year, as the European Union aims…
China in economic trouble, the country’s foreign trade falls
China is under pressure. The country’s exports are weaker than expected. China’s foreign trade has suddenly lost its…
The British pound falls to a low against the dollar
The British pound fell to its lowest level against the US dollar since 1985 on Wednesday. The pound…
The EU records economic growth in the second quarter
The economy of the European Union (EU) in the second quarter of this year recorded an increase of…
Yale University experts say that Putin’s economy is paralyzed
Sanctions against Russia are working because Vladimir Putin’s economy is paralyzed. This conclusion comes from a Yale University…
The French Tax Office is collecting millions thanks to Google
French authorities are using Google to detect illegal construction and collect millions in taxes. Tax offices in France…
US bans tech firms from investing in China
US technology companies that receive federal funding will be barred from building “advanced technology” facilities in China for…
Germany in autumn with ‘Green Card’ for foreign workers
German Labor Minister Hubertus Heil has announced a “modern immigration law” aimed at attracting more skilled labor to…
The euro falls below $1 in Asian markets
In Asian markets, the euro fell to $0.99 for the first time since 2002. On September 5, the…
The European energy market needs to be reformed
The Belgian Minister of Energy, Tinne Van der Straeten, has stated that natural gas prices should be limited…
Great Britain is expected to increase energy bills by 80%
Households in England, Scotland and Wales will face higher energy bills from October 1, after electricity and gas…
One million tons of grain were exported from Ukraine
Ukrainian President Volodymyr Zelensky said his country exported one million tons of agricultural products via the Black Sea.…
Fleet of hydrogen trains starts service in Germany
German officials launched what they say is the world’s first fleet of hydrogen-powered passenger trains on Wednesday, replacing…
Spain approves electricity saving plan
Spanish lawmakers approved the government’s electricity-saving decree, but whether the unpopular measure will help Spain meet its European…
Germany with drastic measures to save electricity
The German government adopted a package of measures to save energy, including limiting workplace heating to a maximum…
Gas prices fall in US markets
The US national average for a gallon of regular gas has fallen every day since hitting a record…
British Airways is facing staff shortages
British Airways is expected to suspend up to 10,000 flights until the end of March next year. According…
The US will allocate $3 billion in new aid to Ukraine
The United States is expected to make public an additional military aid package for Ukraine of about three…
Switzerland warns of electricity cuts
A number of options are being explored to prevent blackouts this winter, says Swiss Energy Minister Simonetta Sommaruga.…
New gas tariffs in Germany
German households will have to pay almost 500 euros ($509) more a year for gas after a tax…
The dollar on the rise, the euro weakened by 0.2 percent
The dollar on the rise, the euro weakened by 0.2 percent. The dollar began an upward trajectory in…
Two more ships with grain have left from Ukraine
Two more ships with grain have left from Ukraine. Two other cargo ships carrying more than 63,000 tons…
Elon Musk sells nearly 8 million shares of Tesla
Elon Musk sells nearly 8 million shares of Tesla. Tesla CEO Elon Musk has sold 7.9 million Tesla…
McDonald’s reopens restaurants in Ukraine
McDonald’s reopens restaurants in Ukraine. McDonald’s has announced plans to reopen outlets in Ukraine, which were closed following…
The unemployment rate in the US falls to 3.5 percent
The unemployment rate in the US falls to 3.5 percent. The economy of the United States of America…
Walmart is the largest company in the world by revenue
Walmart is the largest company in the world by revenue. Walmart is the world’s largest company by revenue…
Great Britain is entering economic recession
Great Britain is entering economic recession. The Bank of England announced that it has raised interest rates to…
Cryptocurrencies worth 6 million euros were stolen
Cryptocurrencies worth 6 million euros were stolen. Nearly €6 million has been stolen from accounts linked to the…
The interest of German consumers to buy drops significantly
The interest of German consumers to buy drops significantly. Consumption has also dropped significantly in e-commerce, which has…
Spain and Greece have the highest unemployment rates
Spain and Greece have the highest unemployment rates. Unemployment in the Eurozone remained stable at 6.6 percent during…
Ukraine earns nearly $20 million from the sale of electricity
Ukraine earns nearly $20 million from the sale of electricity. Volodymyr Kudrytskyi, the head of the state-owned electricity…
The Federal Reserve raises interest rates again
The Federal Reserve raises interest rates again. The Central Bank of the United States of America reinforces its…
Inflation in the Eurozone rises to 8.9 percent
Inflation in the Eurozone rises to 8.9 percent. Annual inflation in the Eurozone hit an all-time high of…
Gazprom suspends gas supplies to Latvia
Gazprom suspends gas supplies to Latvia. Russian energy giant Gazprom says it has suspended gas supplies to Latvia…
Sanctions have ‘crippled’ the Russian economy
Sanctions have ‘crippled’ the Russian economy. According to a Yale University study, Russia’s economy has been “catastrophically crippled”…
Lufthansa cancels flights, asks passengers not to come
Lufthansa cancels flights, asks passengers not to come. Germany’s leading airline Lufthansa has been forced to cancel almost…
The price of wheat decreases reaching pre-war levels
The price of wheat decreases reaching pre-war levels. The price of wheat is reduced to the levels of…
Russia resumes gas supply to Europe
Russia resumes gas supply to Europe. Russian gas has started flowing again through the largest pipeline between Russia…
The price of an oil barrel in the international market falls
The price of an oil barrel in the international market falls. Oil prices fell below $105 in international…
The price of oil continues to fall
The price of oil continues to fall. Oil prices fell to $98 in international markets today as traders…
The price of oil in the international market falls
The price of oil in the international market falls. Oil prices fell to $99 as traders fear high…
One cent separates the euro from being equal to the dollar
One cent separates the Euro from being equal to the Dollar. For the first time in two decades,…