The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.
Global inflation refuses to be tamed and with price increases in the US hitting 8.6% in May, its highest level in 40 years, the Fed is expected to continue tightening monetary policy by hiking rates that will suck liquidity out of emerging markets.
The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.
Czech investment group also says it is looking at acquisition opportunities in telecommunications, probably involving a merger with another financial or investment partner.
Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.
CEZ signs contract with US nuclear power technology company Westinghouse and French Framatome.
Europe’s electricity system could become greener, more secure and more resilient while not requiring any funding if the right investments are made to replace increasingly expensive fossil fuels.
An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.
Outgoing Governor Jiri Rusnok steers through 1.25pp hike to curb inflation, which reached 16% in May.
Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.
Heads roll and opposition parties demand ejection of STAN party from the government after kickbacks scandal.
The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.
Diag Human wins investment protection treaty claim in 30-year-old case.
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
Government presents five key priorities for its rotating presidency of the EU, which begins on July 1.
There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.
Consumer price index increased by 16% y/y from 14.2% posted in April.
54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.
Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.
A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.