Source link State subsidies for China’s industrial sector pose a risk to the global economy, US Treasury Secretary Janet Yellen says US Treasury Secretary Janet Yellen has claimed that China’s industrial sector produces much more goods than its domestic market can absorb. Speaking on Friday to the American business community in the Chinese city of […]
Source link The more expensive alternatives to Russian supplies have driven the country’s energy costs up Germany has been hit hard economically over the past two years, including by the loss of cheap energy, former German Foreign Minister Joschka Fischer admitted in an interview with Augsburger Allgemeine released on Friday. A deeper than expected slump […]
Source link Households in Germany will continue to struggle with high electricity and heating costs amid the cost-of-living crisis, Der Spiegel reported on Wednesday, citing the country’s Federal Network Agency. The warning comes despite the recent fall in household energy prices, which have decreased 4.5% this year up to November 2023. “The era of cheap […]