As Juan Laborda writes here the Spanish government under pressure from the EU is leading Spain into a recession.
Read here
Reuters: Spanish manufacturing shrinks in June at fastest rate in six years – PMI
Economics
CNBC: Oil surges above $100 a barrel; Trump says ‘small price to pay’ for defeating Iran
Iraq, Kuwait and the United Arab Emirates, three big OPEC producers, have cut oil output as they run out of storage space. They are unable to export through the Strait of Hormuz due to Iranian […]
Climate Crisis
Washingtom Post: Shipping emissions agreement not “Paris compliant.”
This is terribly disappointing. Once again profit has been maliciously put ahead of the environment. Read here
Economics
Eurostat – Third quarter of 2022: Annual increase in labour costs at 2.9% in euro area Increase at 3.4% in EU
Huge drop in real wages. So where is the inflation coming from? Read Here
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