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.
Reuters
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. […]
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
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 […]