Swiss have voted in favor of the proposal by a narrow margin in a referendum. Another proposal, on imposing stricter regulations on livestock farming, failed to pass. Swiss voters accepted the government’s pension reform plan by...
Following surprisingly high inflation numbers in August, the US Federal Reserve raised benchmark interest rates for the third time this year. The US Federal Reserve, commonly known as “the Fed,” has raised interest rates by 75 basis...
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...
Hydrogen has been hyped as key to a global energy transition. After a slow start, it has received a boost from a Canada-Germany deal. So what does the future hold for the low-carbon fuel? Hydrogen...
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...
Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China’s woes will hurt global growth but could also help to cool inflation. As growth...
A string of record-breaking profit reports from the world’s largest oil companies has raised eyebrows, given that consumers around the world are grappling with a worsening energy crisis. The global energy crisis and high inflation...
An industrial park in Skive is trying to solve two of the most urgent problems in Western societies: climate change and the effect of urbanization on rural areas. A pilot project is showing circular economy...
As the euro slumps to parity with the US dollar, currency traders say the slide is unlikely to stop there. While a weakened euro should worry European consumers, US travelers visiting Europe could benefit. The...
As President Recep Tayyip Erdogan has refused to allow interest rate rises, Turkey steps toward capital controls to support its national currency, the lira. Analysts say an economic slowdown may be on the way. Turkey,...
As the price for oil and gas explodes in Europe, heat pumps could be a meaningful alternative. In Germany, lavish state subsidies are making the idea even more attractive for single-family homes. With blistering summer...
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...
