Discover the latest news across the globe.
European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed. Brochure | Getty Images News | fake images European Central Bank President Christine Lagarde on Tuesday downplayed concerns about a recession in the euro zone and also said her team is ready to raise rates at a faster pace, … Read more
Habeck previously warned that the situation will be “really difficult in winter” without precautionary measures to avoid a gas supply shortage. Images Alliance | Images Alliance | fake images Germany has stated that it is moving to the so-called “alert level” of its emergency gas plan as reduced Russian flows exacerbate fears of a winter … Read more
Christine Lagarde, President of the European Central Bank. The central bank has scheduled an emergency meeting to address rising bond yields. John Thys | Afp | fake images The European Central Bank announced on Wednesday that it plans to create a new tool to tackle the risk of fragmentation of the euro zone, in a … Read more
The European Central Bank faces a difficult balancing act, with inflation at record highs while the war in Ukraine casts a shadow over growth prospects. Thomas Lohnes | Getty Images News | fake images The European Central Bank on Thursday confirmed its intention to raise interest rates at its monetary policy meeting next month and … Read more
A market in the city center of Bonn, Germany, on February 5, 2022. Nurfoto | Nurfoto | fake images Prices in the euro zone continued their upward march in May, reaching an all-time high for the seventh consecutive month. Inflation came in at 8.1% in the month, according to preliminary figures from the Europe statistics … Read more
Sunak had previously rejected the idea of a windfall tax, saying that while it sounded “superficially appealing”, it would ultimately deter investment. Leon Neal | Getty Images News | fake images LONDON — UK Finance Minister Rishi Sunak has imposed a windfall tax on big oil and gas companies as the government works to ease … Read more
Finnish Prime Minister Sanna Marin (left) and President Sauli Niinisto. Heikki Saukkomaa Afp | fake images Finland will apply for NATO membership, the country’s president said on Sunday, in a historic move for the Nordic country, which has had a policy of military neutrality for decades. At a press conference together with Prime Minister Sanna … Read more
US President Joe Biden makes remarks about arming Ukraine, after visiting a Lockheed Martin weapons factory in Troy, Alabama, on May 3, 2022. jonathan ernst | Reuters WASHINGTON — The Biden administration announced a new $150 million arms package for Ukraine, as the war-weary country enters its 11th week of conflict with Russia. The Pentagon … Read more
The European Commission, the EU’s executive arm, on Wednesday unveiled new sanctions against the Kremlin, which will include a six-month phase-out of Russian crude imports. Russia’s unprovoked invasion of Ukraine and evidence of war crimes have pushed the European Union to take bolder action on energy sanctions. But imposing measures that could reduce or completely … Read more
U.S. Senator John Thune (R-SD) speaks after a Senate Republican luncheon on Capitol Hill in Washington, on November 10, 2020. erin-scott | Reuters President Joe Biden’s request for $33 billion in aid for Ukraine hit an early roadblock on Capitol Hill, where a dispute over immigration policy threatens to stymie an urgent request to help … Read more