Tag: economy
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 Eurostat reports this in a flash estimate Oct…
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 of several possible assessments on its looser…
China intensifies campaign to prop up economy
China has stepped up efforts to stimulate the economy and support its currency amid lingering investor concerns about growth prospects The central bank will reduce for the…
Germany falls into recession as high inflation continues to hit the economy
According to the BBC, ongoing inflation has caused Germany to experience a recession for the first three months of this year. Germany GDP 2023 pic.twitter.com/FvHTXafj8u…
Argentina’s inflation rate exceeds 108% in a year, fueled by the textile and food industries
Prices climbed 8.4% in April alone, the most in at least two decades. Argentina’s inflation rate reached an all-time high of 108% year on year,…
The Biden administration has announced $11 billion in funding for rural sustainable energy initiatives
WASHINGTON, May 16 (Reuters) The Biden administration said on Tuesday that rural electric cooperatives, utilities, and other energy providers would soon be able to apply…
Poland will increase child benefit payments beginning in 2024
WARSAW, May 14 (Reuters) The Polish government would raise monthly child benefit payments to 800 zlotys ($193.13) per kid from 500 zlotys beginning in 2024,…
The debt ceiling and President Biden’s trips abroad
Debt-ceiling talks in the United States might jeopardize President Biden’s intentions to attend the G7 conference in Japan and the four-party summit in Australia. The…
Rio de Janeiro will host the G20 Summit 2024
Reuters, May 9 – RIO DE JANEIRO The G20 Summit 2024, the world’s strongest economies, will conduct their annual heads of state or government conference…
Why is the EU limiting grain imports from Ukraine?
LONDON, May 9 (Reuters) Why is the EU limiting grain imports from Ukraine?The European Commission has placed a ban on Ukrainian wheat, maize, rapeseed, and…