Italy plans to approve a new aid package worth about 14.3 billion euros ($14.5 billion) to help protect businesses and households from rising energy and consumer prices. The scheme, one of Prime Minister Mario Draghi’s last major moves ahead of next month’s national election, is on top of around 33 billion euros budgeted since January…
The lower Chamber of the French Parliament has approved a package of 20 billion euros to reduce inflation, as well as tax benefits to help families. Reuters reports. The lower house last week already approved a package of anti-inflation measures, which include an increase in pensions, a temporary cap on rent increases and an increase…
According to Bloomberg, for the first time since the pandemic lockdown of early 2021, private sector activity in the eurozone has unexpectedly declined. “A sharp loss of new orders, job losses and worse business expectations all point to a pace of decline gathering further momentum.” “The biggest concern is the dire manufacturing situation, with manufacturers…
The countries of the Council of the European Union supported the initiative on the production of cars and trucks with zero emissions from 2035 on the territory of the European Union. This is stated in the press release issued by the Council of the European Union. “The Council agreed to increase the CO2 emissions targets…
According to the annual ranking of the Economist Intelligence Unit, Vienna is the most comfortable city to live in in 2022. According to the Guardian publication, the Austrian capital has already won this title for the third time. Vienna topped the rankings for its stable conditions, good infrastructure, healthcare system, and diverse opportunities in the…
The United States and the European Union have reached a peace agreement after a long dispute over aircraft subsidies. The trade conflict lasted for 17 years. The parties have had simultaneous lawsuits in the World Trade Organization since 2004. The lawsuits concerned the subsidization of American aircraft manufacturer Boeing and European competitor Airbus. Both sides…
According to the Financial Times, Brussels also wants autonomy in agriculture, healthcare, technology and defense, but not at the expense of isolation. Unlike other industries, today the situation is the worst in energy sector. The security of a large part of the continent is ensured by the North Atlantic Alliance. Partner countries are also involved…
British regulators gave final approval to the development of a new gas field in the North Sea on Wednesday, June 1, which will be developed by the Netherlands and Germany. Earlier, Gazprom stopped gas supplies to the largest gas trader in the Netherlands due to its refusal to pay under the new scheme. According to…
After the European Union froze $ 250 million in assets of Russian businessmen, the Italian government faced several problems. According to the Washington Post article, the main challenge of the country today is to manage the frozen villas of the Russians, which is quite expensive. There is also the question of what function the empty…
German breweries have issued a warning stating that there may be a shortage of beer bottles this summer, citing increased production costs and a shortage of truck drivers. The executive director of the German Brewery, Holger Eichel, told the German newspaper Bild that the situation was “extremely difficult.” Due to inflation, breweries in new glass…
