Europe has spent half a billion euros on energy compensation
Governments in Europe have allocated nearly €500 billion over the past year to protect citizens and companies from rising gas and electricity prices. (more…)
The crisis also turned second-hand cars into a hard-to-afford luxury
The coronavirus epidemic and the war in Ukraine have made changing a car a difficult task with many unknowns and pitfalls - as of today,...
Smart technologies reduce electricity bills
As summer temperatures rise across the US, many consumers are seeing an increase in their electricity bills as well. The average monthly bill per customer...
Bill Gates: The next chapter in the history of the planet is still being written
World-famous entrepreneur Bill Gates talks about Kim Stanley Robinson's book "Ministry of the Future", which both scares and gives hope. (more…)
Fall in commodity prices, has inflation peaked?
The fall in the prices of many raw materials - corn, flour, honey, and others - raises hopes that a significant source of inflation may...
Inflation in June in Switzerland rose to 3.4%
Inflation in Switzerland in June in Switzerland rose to 3.4% in June, the first time Swiss inflation exceeded 3% since July 2008. (more…)
Interest rates continue to rise worldwide
Central banks around the world continue to raise interest rates due to high inflation, following the example of the United States, Britain, and other leading...
Russia has replaced Saudi Arabia as China’s main oil supplier
Russia became the leader in crude oil supplies to China in May with 8.42 million tons, displacing Saudi Arabia, which had held the position for...
Will there be a global 4-day work week?
The five-day workweek model was officially formed in 1932 in the United States as an attempt to avoid the need to lay off employees in...
Russian crude oil will continue to trade despite the bans
Sunday was the day European Union regulations banning deals with Russian state-owned energy companies come into force. (more…)
The Turkish lira fell again
Turkey's national currency, the Turkish lira, began to depreciate again after a period of relative stability. (more…)
Putin has said that Austria can pay for Russian gas in euros
Russian President Vladimir Putin told Austrian Chancellor Karl Nehammer during their meeting earlier this week that gas supplies from Russia to Austria are secure and...
80% of Greeks find it difficult to cover their bills
Almost 80 percent of Greeks find it difficult to pay their bills, according to Eurobarometer data, the Greek economic publication Economics Tachydromos reported. (more…)
The EU is allocating 3.5 billion euros to countries that have sheltered Ukrainian refugees
The Council of the EU announced today that it has finally approved the allocation of 3.5 billion euros to EU countries that have sheltered Ukrainian...
Europe with a powerful financial injection for Ukraine
The European Commission (EU) is providing € 1 billion to support Ukraine and host countries fleeing the war. (more…)
Stock market declines in Europe amid the increasingly aggressive Fed
European stocks fell in early trading on Wednesday, marking a decline from their six-week highs after investors turned their attention to concerns about the aggressive...
Dallas Federal Reserve: A global recession is inevitable without Russian oil
The world economy will probably not be able to avoid a recession without a resumption of Russian energy exports this year, according to a study...
Oil has risen in anticipation of new sanctions against Russia
Oil prices rose in early trading on Tuesday as investors awaited the new US and European sanctions against Moscow for alleged Russian war crimes in...
Turkey reported over 61% annual inflation
Turkey reported 61.14 percent inflation in March on an annual basis, Turkish television CNN-Turk reported. (more…)
The West assumes currency risk when trading in rubles
Russian President Vladimir Putin signed a decree on March 31st, according to which gas trade with enemy countries, including Bulgaria, will be paid in rubles....
Five important business changes that the war in Ukraine accelerated
No matter how the war in Ukraine, started by Russia, ends, the business will change the processes started by the pandemic, US-China tensions, and climate...
Food and war: What the EU can do about emptying shops
Russia's war in Ukraine has created similarly impressive queues in supermarkets as in the COVID-19 pandemic, but unlike the panic of 2020, when the main...