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Economy / Finance
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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,…
Over 20 million tons of wheat blocked
Over 20 million tons of wheat blocked. A full 22 million tonnes of wheat are stranded in Ukraine,…
The US unemployment rate remains unchanged
The US unemployment rate remains unchanged. In the United States of America during the month of June, about…
What are the ten richest families in Spain?
What are the ten richest families in Spain? The richest families in Spain have become even richer during…
Inflation in the UK reaches its highest level
Inflation in the UK reaches its highest level. Inflation in the UK rose to 9.1 per cent in…
Snapchat Confirms The Recession As Biden’s Disasters Continue
Source: The Maverick of Wall Street
Data toll in EU could come as early as 2023
The European telecommunications industry is apparently closer than ever to its goal of having large U.S. tech companies…
EU suspends all duties on imports from Ukraine
EU suspends all duties on imports from Ukraine. The Council of the European Union, which represents 27 member…
Starbucks will no longer be present in the Russia
Starbucks will no longer be present in the Russia. The coffee company ceased its operations and stopped shipments…
The UN lowers its forecast for economic growth to 3.1 percent
The UN lowers its forecast for economic growth to 3.1 percent. The United Nations has slashed its forecast…
EU against opening accounts in rubles for gas payments
EU against opening accounts in rubles for gas payments. The European Commission says opening ruble accounts at a…
Inflation is the biggest concern for Germans
Inflation is the biggest concern for Germans. The rapid rise in prices in almost all sectors of life…
Russia stops sending electricity to Finland
Russia stops sending electricity to Finland. Russia has begun retaliating against the Finnish state following warnings that it…
Apple loses position as the most valuable firm in the world
Apple loses position as the most valuable firm in the world. Apple has lost its position as the…
UK imposes new economic sanctions on Russia and Belarus
UK imposes new economic sanctions on Russia and Belarus. The United Kingdom has announced the imposition of a…
Business activity in the Eurozone is growing
Business activity in the Eurozone is growing. Business activity in the Eurozone accelerated last month as the dominant…
Russia is not publishing economic data
Russia is not publishing economic data. Russian authorities have banned the publication of data on Government debt, trade…
Elon Musk could merge Tesla, SpaceX and Twitter
Elon Musk could merge Tesla, SpaceX and Twitter. Elon Musk may be laying the groundwork for the “combination”…
A branch of the Russian bank, Alfa Bank goes bankrupt
A branch of the Russian bank, Alfa Bank goes bankrupt. Amsterdam Trade Bank, a subsidiary of the Russian…
The IMF predicts slower economic growth in Ukraine
The IMF predicts slower economic growth in Ukraine. The world economy will grow at a slower pace due…
The price of corn in the US near the ten-year record
The price of corn in the US near the ten-year record. The price of corn in the Chicago…
Inflation in the US reaches its highest rate since 1981
Inflation in the US reaches its highest rate since 1981. The US Department of Labor has announced that…
Lithuania suspends imports of Russian gas
Lithuania suspends imports of Russian gas. Lithuania becomes the first country in Europe to stop importing gas from…
Big rise in prices in Britain
Big rise in prices in Britain. From today, the British expect much bigger bills for the energy used.…
Germany will allocate 200 million euros in aid to Afghanistan
Germany will allocate 200 million euros in aid to Afghanistan. Germany will provide an additional 200 million euros…
Canada will help countries replace Russian gas and oil
Canada will help countries replace Russian gas and oil. Canada has pledged to provide enough oil and gas…
How much money do the Russians have in Switzerland?
How much money do the Russians have in Switzerland? The Swiss Association of Bankers (SBA) has estimated that…
The IMF suspends Russia’s “role of honor”
The IMF suspends Russia’s “role of honor”. The International Monetary Fund (IMF) has suspended an honorary role given…
IMF: Ukraine’s economy may shrink 10 to 35 percent
IMF: Ukraine’s economy may shrink 10 to 35 percent. According to the International Monetary Fund, the Ukrainian economy…
Inflation in the US reaches 7.9 percent
Inflation in the US reaches 7.9 percent. Prices in the United States continued to rise over the past…
Ukraine has suffered $ 119 billion in losses
Ukraine has suffered $ 119 billion in losses. The Russian invasion of Ukraine has caused great damage to…
How to save up on gas as prices rise?
How to save up on gas as prices rise? The rising price of gas is making everyone nervous…
Giant brands suspend work in Russia
Giant brands suspend work in Russia. As a result of the developments in Ukraine, many brands have stopped…
Starbucks and McDonald’s suspend all business in Russia
Starbucks and McDonald’s suspend all business in Russia The Starbucks coffee chain has confirmed that it will suspend…
Russian oligarchs are suffering
Russian oligarchs are suffering from the consequences of Putin’s actions. According to the Bloomberg Billionaires Index, the impact…
Visa and MasterCard are banned in Russia
Visa and MasterCard are banned in Russia. US payment giants Visa and MasterCard have announced that they have…