Economics
Reuters: Germany plans to approve Chinese takeover of Elmos’ chip production
Let’s hope the US does not blow up this factory Read Here
Reuters
Economics
Reuters: Euro zone October PMI adds to evidence bloc is heading for recession
Flash PMIs for October provide yet more evidence that the euro zone is sliding into quite a deep recession but that inflationary pressures remain intense Read Here Photo: KUKA Roboter GmbH, Bachmann
EU politics
Reuters – German gas consumption increases in comparison to past
Last week’s usage of natural gas by German households and small industry was 483 gigawatt hours, up 14.5% above the average for that week over the past four years, the Federal Network Agency said. Read […]
Economics
Reuters: German economic institutes cut 2023 GDP forecast on energy price surge
What a surprise. And the ECB wants to continue raising interest rates and the German goverment wants austerity. Add to this high inflation and low wage growth. Nothing new on the German front. Inflation well […]
Economics
Reuters: Euro under parity against dollar
Euro under pressure as Russia to halt gas supplies Yuan dips to nearly 2-year low as PBOC eases policy again Read Here
Climate Crisis
Reuters: As German gas rationing looms, industry begs exemptions
We all know how this will end. Corporations will receive as much gas as they want at a reduced price plus more public money on top. At least it will be Green Gas thanks to […]
Climate Crisis
Reuters: Low Rhine water levels threaten Germany’s economic growth
Low river levels disrupt shipping, hike freight costs German economy could take additional hit – economists Barges only partially laden Disruption could hit coal power plants Read Here
Economics
Reuters – Israeli Occupied Territories: Ben & Jerry’s says Unilever froze directors’ salaries
Ben & Jerry’s independent board said parent company Unilever Plc, with which it is locked in a dispute over the sale of its Israeli business, had frozen its directors’ salaries in July as a pressure […]
Economics
Reuters: Europe’s Russian diesel imports spike in July
So much for the EU’s sanction offensive against Russia. How the EU is saving defeat from the jaws of victory. Read Here Photo: Jgera5 at English Wikipedia
Economics
EU citizens force to subvention German exports as euro nears parity with dollar
Reuters: Euro falls to below 1.02 for the first time since 2002 U.S. dollar index rises to new 20-year high Swiss Franc reaches a 7-year high vs euro Yen strengthens after Japan’s inflation expectations rise […]