Browsing Tag
Economy
136 posts
German Economy Plunging into the Abyss?
Federal Bank Lowers German Economy Forecast Sharply Downward The German economy is expected to grow by only 0.2%…
BREAKING: Global Prices Plummet in November – What’s Next for the Economy?
German wholesale prices in November 2024 were 0..6% lower than in November 2023, according to the Federal Statistical…
BREAKING: Germany’s Scholz to Slash Value-Added Tax on Food in Shock Move to Boost Economy!
German Chancellor Olaf Scholz (SPD) advocates for reducing the simple value-added tax rate on food from seven to…
Golf-Class Production to Rev Up the Economy?
BYD, the Chinese automaker, will start its local production in Europe in the compact car segment next year,…
US President Biden announces tax credits for clean energy construction projects
US President Biden has announced that companies that choose to invest in clean construction projects, such as solar…
Russian President Vladimir Putin Blames Western Nations for Prolonging Ukraine War
In a recent phone call with German Chancellor Olaf Scholz, Russian President Vladimir Putin justified Moscow’s relentless airstrikes…
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…
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…
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 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…
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…
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…
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…
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…
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…
Russia saw a 22% drop in laptop sales in July
Russia saw a 22% drop in laptop sales in July compared to the same month last year. This…
Great Britain is entering economic recession
Great Britain is entering economic recession. The Bank of England announced that it has raised interest rates to…
Apple will face weaker demand in China
Apple will face weaker demand in China. Apple will need to brace for a drop in demand in…
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”…
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…
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…
Netflix is cutting another 300 jobs
Netflix is cutting another 300 jobs. Netflix has announced another round of job cuts as it faces slower…
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…
Russia is not publishing economic data
Russia is not publishing economic data. Russian authorities have banned the publication of data on Government debt, trade…
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…
EU approves the fourth package of economic sanctions
EU approves the fourth package of economic sanctions. European Union member states have agreed to increase sanctions against…
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…
Ukraine has suffered $ 119 billion in losses
Ukraine has suffered $ 119 billion in losses. The Russian invasion of Ukraine has caused great damage to…
Russian sanctions are taking their toll
Russian sanctions are taking their toll. The invasion of Ukraine – which the Kremlin insists should be called…