According to preliminary estimates, annual inflation in the 19 countries accelerated to a record 9.1% in August. Foreign media publish the mentioned figures based on Eurostat. The rate of last month, July, was 8.9%. Thus, inflation in the Eurozone reached a historical high again. Analysts polled by the portal DailyFX expected the inflation rate of…
Most of the branches of Credit Suisse, the leading Swiss investment bank, are at risk of collapse due to a drop in income in the first half of this year. Bloomberg reports that up to 2/3 of the bank’s branches may be closed in the worst case. According to it, the investment bank could not…
The list of crises threatening businesses is growing every day. As it turned out, among the future crises that business leaders must prepare their companies and organizations to deal with, the economic impact caused by climate change was included. Moreover, experts call on leaders to take immediate action. However, in addition to climate change, the…
The Ministry of Agriculture of France predicts the recovery of the country’s wine production after the agricultural sector was hit by the frosts of 2021. However, there is still a threat of a reduction in the volume of production due to drought in the country. This year, in most regions of France, compared to last…
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…
