July 2 2022 🕓 4 min
EU approves regulatory measures to tame the crypto industry
After years of debating, European Union broke down rules and regulations on the crypto industry, including anti money laundering rules.
Tag: europe
June 28 2022 🕓 2 min
Hungarian central bank unexpectedly raised the base rate
Hungary's central bank shocked financial markets today by raising its key interest rate sharply. It increased by 1.85% to 7.75%.
June 27 2022 🕓 3 min
G7 leaders unveil $600 billion plan to invest
The investments will involve developing countries and are an effort to compete with China's Belt and Road Initiative.
June 27 2022 🕓 2 min
Russia is insolvent
Russia has the money to pay its debts, but the sanctions will not allow it to repay it. The Russian side called the situation a farce.
June 25 2022 🕓 2 min
Norway will increase gas supplies to the EU
Europe is looking for alternatives in an effort to wean itself off Russian gas. It has found one in Norway.
June 23 2022 🕓 2 min
Trans-Saharan pipeline as an option to get gas to Europe
Algeria, Niger and Nigeria have been discussing the revival of a gas pipeline project across the Sahara that could bring gas to Europe.
June 9 2022 🕓 2 min
Ban on the sale of combustion engine cars in Europe?
The European Parliament has agreed that new cars with internal combustion engines will not be allowed to be sold from 2035.
June 1 2022 🕓 3 min
Netherlands and Denmark to stop taking gas from Russia
The Dutch gas company GasTerra will stop taking gas from the Russian gas company Gazprom. Supply interruptions are also expected in Denmark.
June 1 2022 🕓 2 min
Inflation in the euro area rose again in May
The euro area's annual consumer price inflation accelerated to 8.1% in May, compared with 7.4% in April. This is mainly due to energy prices.
May 17 2022 🕓 2 min
UK unemployment lowest in 48 years
Britain's unemployment rate fell to 3.7% between January and March. However, inflation is leading to a fall in real incomes.
May 17 2022 🕓 3 min
Ryanair cut their loss last year and expect a profit this year
Ryanair reduced its net loss to €355 million in the last financial year from €1 billion in the previous financial year.
May 16 2022 🕓 2 min
Europeans are generally critical of the CBDC
Central Bank Digital Currency (CBDC) is an idea that Europeans do not like at all. What is being addressed most is control and privacy.