In view of the rapidly increasing currency devaluation in the euro zone, the nervousness in the European Central Bank is increasing. Central bankers have been announcing an interest rate hike for the euro area for weeks. At the same time, the economic outlook is deteriorating. In June 2022, inflation in the euro zone reached a […]
OPEC Plus remains true to its line and only wants to increase oil production moderately in August. Gasoline prices have recently reached record highs around the world. It went for $5 a gallon for the first time before prices fell back somewhat in recent days as fears of a recession mount. The oil alliance OPEC+ […]
According to the head of the ECB, the rate of inflation in the euro area has changed permanently. The corona pandemic and the war in Ukraine are responsible for this. A return to low interest rates is unlikely. The US Federal Reserve Chairman agrees. In view of the ailing economy as a result of the […]
Despite the central bank’s request to lift capital controls, the Russian currency continues to appreciate: On Monday the ruble hit a new multi-year high against the US dollar. The ruble soared on the Moscow Stock Exchange on Monday, hitting a new multi-year high against the US dollar. The rise came despite the central bank’s proposal […]
16 June 2022 07:05 The daily losses of the Ukrainian military are up to 1,000 men. This was reported by the US online news portal Axios with reference to the faction leader of the Ukrainian governing party “People’s Servant”, David Arachamija, who spoke of 200-500 on average. With up to 1,000 men a day, of […]
The price of diesel has skyrocketed in the US in recent weeks and has already reached record levels. Farmers in particular are suffering because now is the time to sow. Farmers complain that their costs have almost doubled. Soaring fuel prices in the US have added thousands of dollars to farmers’ costs this year, according […]
The wave of inflation has also reached Greece. According to the latest data from the State Bureau of Statistics, the country’s inflation rate hit 11.3 percent, a 30-year high. The largest increase in prices is recorded in the energy sector. Inflation in Greece rose to 11.3 percent year-on-year in May, up from 10.2 percent in […]
For months now, the national conservative PiS government has had one person to blame for problems such as rising inflation in Poland: Vladimir Putin. Economists and other Polish experts assess the situation in a more differentiated way. Due to historically high price increases, especially for food and petrol, there are further protests in Poland. In […]
In view of the horrendous fuel prices even after the tax cut, there are increasing numbers of critical voices who consider the benefit to be a mistake. At the same time, the call for an excess profit tax, with which other countries are already collecting taxes on the high profits of the profiteers, is getting […]