The European Commission intends to propose a natural gas price cap after November 24, as part of its efforts to contain an energy crisis caused by Russia’s invasion of Ukraine, the EU’s energy policy chief told Reuters on Wednesday. The… Read More ›
Geopolitics
Britain Lowers Bank Tax Rates To Encourage Insurers To Invest In The Economy
Britain announced new plans on Thursday to help it become the world’s most competitive financial center, including easing capital rules for insurers, lowering a tax rate for banks, and promising to review all European Union financial rules. After leaving the… Read More ›
ECB Will Keep Raising Rates Despite A Struggling Economy
According to two of the top ECB policymakers, letting inflation remain high would be even more painful, so the ECB will keep raising borrowing costs even as the euro zone economy struggles. In order to return double-digit inflation in the… Read More ›
US Audit Inspection Of Chinese Firms In Hong Kong Concludes: Reports
According to reports quoting people with knowledge of the matter, the U.S. audit watchdog’s onsite inspection of the audit work of Chinese companies with New York stock exchange listings, which began in Hong Kong in September, has concluded. This has… Read More ›
The Bank Of England Anticipates The UK Entering Its Deepest Recession Ever
While increasing interest rates by the most in 33 years, the Bank of England issued a warning that the UK is experiencing its longest recession since records have been kept. It foresaw a “very challenging” two-year downturn for the UK… Read More ›
After Predicting A Recession In The U.S. And Europe, Barclays Lowers The Outlook For China’s GDP
Based in part on predictions of a decline in global demand for Chinese goods, Barclays lowered its forecast for China’s economic growth to 3.8% for the coming year. Recessions are expected in the United States and Europe next year, according… Read More ›
US Fed Rates Will Peak At 5% In March Predicts Goldman Sachs: Reports
According to economists at Goldman Sachs Group Inc., interest rates in the United States could rise to 5% by March 2023, which would be a 25 basis point increase from earlier forecasts. David Solomon, the CEO of Goldman Sachs, stated… Read More ›
UK Businesses Anticipate Tough Conditions To Persist In The Coming Months: CBI
According to a business survey that was released on Sunday, British companies believe the doom that currently hangs over their prospects will continue in the near future. In the three months ending in October, the Confederation of British Industry’s (CBI)… Read More ›
Will Donald Trump Re-Enter The Twitter Sphere?
When Donald Trump was banned from the social media site, ostensibly for life, he was very critical of it. Twitter stated that the permanent suspension was “due to the risk of further incitement of violence” after the Capitol Hill riots…. Read More ›
EU Approves Effective Ban On New Fossil Fuel Cars From 2035
The European Union has reached an agreement on a law that will effectively ban the sale of new petrol and diesel cars beginning in 2035, aiming to accelerate the transition to electric vehicles and combat climate change. Negotiators from EU… Read More ›
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