Russia’s Foreign Minister, Sergei Lavrov, who is on a diplomatic assault in Egypt, has denied that Moscow is to blame for the global food crisis. He claimed that Western governments were distorting the reality about the effect of sanctions on… Read More ›
British retail sales fell in June as drivers cut back on record-high gasoline prices, with consumers spending less than predicted, according to figures, albeit the trend remained modest as households struggled with increasing inflation. The Office for National Statistics reported… Read More ›
Russia’s energy behemoth has threatened to deliver less gas to Europe, but Germany, one of the country’s largest importers, has rejected the proposal. The majority of the company is owned by the government. Gazprom announced on Monday that it is… Read More ›
H&M has announced its exit from Russia, but will temporarily reopen its stores to sell off its remaining inventory. Due to the Ukraine crisis, the world’s second-largest clothing retailer claimed it would be “difficult” to continue doing business in Russia…. Read More ›
An airline executive has warned that if fuel prices rise, the cost of plane tickets will rise “without a doubt.” Oil prices have risen as economies recover from the Covid epidemic and as a result of the Ukraine conflict. According… Read More ›
The Wall Street Journal reported Friday that Google has offered to transfer sections of its ad-tech division into a separate entity under its parent firm Alphabet in order to avoid a second antitrust lawsuit from the Department of Justice. Such… Read More ›
According to the United Nations Food and Agriculture Organization, world food prices fell for the third month in a row in June, but remained close to record highs set in March. The Food and Agriculture Organization’s (FAO) food price index,… Read More ›
As the United States Federal Reserve continues to raise interest rates, analysts and economists will be watching how banks’ mortgage businesses perform during their second-quarter earnings this month. The mortgage industry is downsizing after adding tens of thousands of workers… Read More ›
According to official numbers released on Friday, nearly half of British citizens have reduced their food purchases as costs rise, while others have had to increase their spending on groceries. British consumer price inflation hit a 40-year high of 9.1… Read More ›
The International Monetary Fund (IMF) chief warned on Wednesday that the global economy’s outlook has “darkened markedly” since April, and she cannot rule out a worldwide recession next year given the high risks. IMF Managing Director Kristalina Georgieva told Reuters… Read More ›
manageria.biz 