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Protests in Prague, Building Pressure on Czech Govt to Control Soaring Energy Prices It is estimated that 70,000 people protested in Prague against the Czech government on Saturday, calling for ruling coalitions to do more to control the energy prices that surged and voiced opposition to the European Union and NATO. The organizer of protests […]
FACTORIES IN SPAIN REDUCE PRODUCTION DURING SOARING ENERGY PRICES Steel giant ArcelorMittal confirmed Thursday that the company would not reopen its factory in Bilbao, Spain, as expected this week due to high energy prices. Borja Maestre- A spokesman from the ArcelorMittal Sestao factory said, “The price of energy is high, and it eats our margins, […]
GERMANY’S INFLATION CLIMBS TO 7.9% IN AUGUST After falling for two months, inflation in Germany reached a record high of 7.9% in August, according to preliminary figures published Tuesday by the Federal Statistical Office (Destatis). This figure is above the market estimate of 7.8%. “The price of energy, in particular, has increased rapidly since the […]
The US Fed Chair Powell speaks live today pointing out that growth can be slower in dealing with soaring inflation. He also said at European Central Bank Forum on Central Banking 2022 in Sintra, Portugal that this world has been facing serious issues regarding the economy. Since the pandemic, the economy has been driven by […]