Oil Prices Drop 6% Following Limited Israeli Strike on Iran
October 28, 2024 – Oil prices tumbled by 6% after Israel launched a limited retaliatory attack on Iran,…
Economy
IMF Declares Global Inflation Fight ‘Almost Won’
October 22, 2024 – The International Monetary Fund (IMF) has expressed optimism that the battle against high global…
European Central Bank is prepared to lower rates once more
The European Central Bank (ECB) has indicated it is ready to lower interest rates again as inflation in…
In the eurozone, inflation has fallen to its lowest level in two years
Inflation in the eurozone fell to 2.9 percent on an annual basis in October. The European statistical agency…
In December, BNP Paribas Fortis will increase its savings rates
BNP Paribas Fortis will increase the interest rates on its savings accounts again from December. The Belgian major…
The drop in German economic activity shows that a recession is ‘well underway’ – PMI
Business activity in Germany contracted for a fourth straight month in October as a downturn in manufacturing was…
Finland intends to legalize alcohol home deliveries
The government of Finland is planning to loosen a number of restrictions on alcoholic drink sales Consumers will…
Italy is two notches above Junk level – survives for now
Italy remains at two levels above junk at S&P Global Ratings after Giorgia Meloni’s government weathered the first…
Balticconnector: Finnish police have finished their investigation of the damaged Baltic Sea pipeline
Finnish police have wrapped up their on-site investigation of the damaged Balticconnector pipeline The pipeline, which is a…
Oil Prices Surge Following Hospital Bombing
Oil prices rose on Wednesday after the tragic event at the Gaza hospital that left hundreds of Palestinians…
Lloyd’s Fears Cyber Attack Could Wreck World Economy
The insurers Lloyd’s of London say that a “hypothetical but plausible” attack could cause “widespread disruption” and wipe…
Oil Prices Rise After US Government Shutdown Deal Boosts Risk
Brent crude December futures rose 49 cents and WTI crude futures 55 cents on Monday morning during the…
EU economic growth is less rapid than anticipated
According to the European Commission’s projection released on Monday, the economies of the 27 member states of the…