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ECB President Lagarde Promises Tough Approach to High Inflation
The European Central Bank (ECB) promises to do everything it can to tackle high inflation in the euro area. According to ECB President Christine Lagarde, the central bank will "go as far as necessary". Inflation will also remain…
Eurozone Economic Activity Weakens Considerably
Economic activity in the eurozone has slowed considerably in June, partly due to high inflation and supply chain disruptions. This is evident from new figures from market researcher S&P Global.
Companies are struggling with…
ECB Does Not Expect Stagflation for Eurozone Economy
The European Central Bank (ECB) does not expect the eurozone to experience a period of stagflation as it did in the 1970s. This is according to researchers from the central bank in a report. Stagflation occurs when the economy slows and…
European Gas Price Shoots Up 24 Percent
The European gas price rose by 24 percent on Thursday, as less and less natural gas flows from Russia to the European continent.
Gazprom this week cut deliveries through the Nord Stream pipeline and both Eni, Engie and Uniper say…
Chinese Taxi Service Didi Shoots Up on Wall Street
Didi Global rose more than 56 percent on Monday on the stock exchanges in New York. Investors welcomed a report from the business newspaper The Wall Street Journal that Chinese authorities will complete their investigation into the taxi…
Russian Gas Exports More Than A Quarter Lower Than A Year Ago
The export of gas by Russia is currently more than a quarter below the level of a year ago. State gas company Gazprom says gas exports to countries not part of the former Soviet Union fell by 27.6 percent from January to May.
In…
Kyiv: Ukrainian Farmers Have Sown Fifth Fewer Grains
Ukrainian farmers have almost completed sowing this spring. The area sown with grains such as wheat is more than a fifth smaller than last year, reports the Ukrainian Ministry of Agriculture.
The sowing area is a lot smaller…
124 Deaths Linked to Philips Apnea Device
The US food and drug watchdog FDA reports that 124 deaths have been linked to complaints about sleep apnea devices from medical technology company Philips.
More than 21,000 reports about the devices were also received between April…
ECB Wants More Staff From London Banks to Eurozone
The European Central Bank (ECB) wants to force international investment banks serving European customers from London to move more staff to EU member states.
According to the head of banking supervision Andrea Enria, after Brexit, too many…
Spirit Airlines Rises on Red Wall Street After Takeover Bid
Spirit Airlines rose more than 7 percent in stock market value on the stock markets in New York on Monday. The price jump followed a hostile takeover bid from competitor JetBlue for the airline.
Spirit Airlines had rejected an…