Austerity
Reuters – IMF: British economy will outperform Germany this year
Germans are already regretting having left the EU Read HERE
Reuters
Economics
Reuters: Spain’s 12-month inflation falls to 1.9% in June, lowest since March 2021
Let us not forget that Spain introduced a gas price cap in power production, limits on rent increases, windfall profit taxation etc. early on did make a difference much to the annoyance of the EU […]
Climate Crisis
Reuters: Swiss voters approve climate goals, global minimum corporate tax
The results showed 79% of those who voted in Sunday’s national referendum backed raising the country’s business tax to the 15% global minimum rate from the current average minimum of 11%, while 59% supported the […]
Economics
Reuters: Lira plunges more than 7% as Turkey edges towards free market
Erdogan seems to be responding to his election victory by retreating towards more ‘orthodox’ macroeconomic policies. Read the article HERE.
Climate Crisis
Reuters: Accounting for war – Ukraine’s climate fallout
The war in Ukraine is deepening the climate crisis at time when global greenhouse gas emissions are already running at a record high, according to report by carbon accounting experts who have tallied the overall […]
EU politics
Reuters: Slovakian president picks technocrat government after prime minister quits
Slovakia, a European Union and NATO member, has struggled through months of political uncertainty as Heger’s ruling coalition was weakened, coming amid a period of high inflation and war in neighbouring Ukraine. Read HERE
Economics
Reuters: Yuan tops euro as Brazil’s second currency in foreign reserves
The Chinese yuan has passed the euro to become the second most important currency in Brazilian foreign reserves, according to a central bank report on Friday, reflecting the deepening economic ties with Brazil’s biggest trading […]
Climate Crisis
Reuters: EU to curb imports of Chinese green tech
The European Union is planning to introduce restrictions on the import of green technologies from China, reducing the chances of Chinese companies winning public contracts and creating additional barriers for buyers seeking subsidies Read Here
Economics
Reuters: How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers
For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found. Read HERE
Economics
Reuters: Spain announces $10.6 bln package to ease inflation pain
pain on Tuesday announced 10 billion euros ($10.65 billion) worth of measures to ease the pain of inflation in the third major package this year, bringing total aid to 45 billion euros since early 2022. […]