Europe is grappling with a record-breaking rise in energy prices that threatens to impede the post-pandemic economic recovery, strain household earnings, and even mar Europe’s green transition. Moreover, the increase in energy prices has caused a re-examination of EU climate policy. Non-renewable energy prices are skyrocketing The EU’s Emissions Trading System (ETS), the world’s largest ...
It seems that the world is staring at a supply shortage of major food grains used for making edible oils. In many countries, including Germany, mustard producers are talking about supply bottlenecks. Owing to unforeseen mustard seed shortages, mustard prices may soar upward in Germany, as is being speculated. Of course, this is not without ...
A survey by the European Chamber of Commerce has shown that China’s BRI (Belt and Road Initiative) is not benefiting European companies. The study indicates that China’s state-owned companies are favored over foreign competitors, with European companies often given short shrift in the bidding process. To date, only 20 out of 132 such firms said ...
When a currency is mentioned, the conversation often revolves around paper money. Currency, however, can be any item that has an agreed–upon value. Paper is one of its forms, but metal coins, foodstuffs of different sorts, pottery, and other bartered goods are considered currency as well. Today, we even have a completely intangible digital currency. ...
The European Central Bank (ECB) has lowered the interest rates for bank deposits by 10 basis points to minus 0.5 percent. The ECB is hoping that the measure will encourage banks to lend out more, thereby stimulating the economy. Negative interest rates In a negative interest rate policy, the banks in the region will have ...
The protests in Hong Kong are said to have negatively affected Hong Kong’s economy. Several businesses have been showing losses for the past few weeks and are worried about Hong Kong’s economic future. While pro-Beijing supporters are pointing fingers at the protesters for messing up the economy, the fact is that it is the Chinese ...
A recent survey of senior Chinese business executives from top companies in China shows that confidence in the economy is going down. The survey, conducted by Deloitte, highlighted increasing opportunities for the Southeast Asian region. The survey of Chinese business executives A total of 108 executives participated in the survey, with 69 percent of them ...
President Trump’s trade war on China seems to be working pretty well, as China panics and announces that it will be injecting US$110 billion into the domestic economy in a bid to stimulate growth. However, a report by the International Monetary Fund (IMF) confirms China’s worst fears — if it continues to defy the U.S. ...
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