Eurozone: The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon. Inflation reached 10.7% across the 19 countries that use the euro currency,...
The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
The war in Ukraine has made wheat farming and export difficult. So local farmers are turning to oil-producing plants instead. The government plans to build an innovative pipeline into Poland to help them. In seven...
The nightmare scenario of a cold winter without access to heating seems to be off the table, according to Germany’s economy minister, while Russian gas now accounts for less than 10% of Germany’s consumption. German...
Ukraine’s central bank has been de facto printing money to pay its troops, but the measure is unsustainable. More international support is vital, but how much new cash could be raised domestically? As the war against...
The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring the three-day increase to about 22 bp. The Italian premium over Germany has risen by...
Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar. Saudi Arabia’s national oil...
Researchers at Yale University say the Russian economy is suffering massive damage due to Western sanctions, despite Moscow downplaying the effect. Sanctions on Russia are taking a heavy toll on the economy, despite Moscow’s assertion that the...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
After pushing for greater reliance on Russian gas, the German utility giant Uniper has asked for a bailout amid a growing energy crisis. DW explores whether tax payers should bear the brunt of a bad...
The dollar jumped yesterday making new highs against most of the major currencies, including the euro, sterling, the dollar-bloc and the Scandis. The yen and Swiss franc held in better, but the greenback still closed...
Moscow has failed to meet a deadline for over $40 billion in outstanding debts, as Western sanctions squeeze the Russian economy. The Kremlin has downplayed the news, insisting it has enough to pay what it...
