Energy crisis: Time for Europe to look away from natural gas?
Amid energy crisis, EU is preparing some 20 floating terminals to process liquefied natural gas from non-Russian sources like US and Azerbaijan into natural ones...
Tag : Europe
Is strong US dollar bad news?
by Prajwal Wele
When the US dollar value increases, it costs more to settle debts with money earned in local currencies...
Russia defaults on foreign debt, the first time since 1918
Russia has already missed its deadline on Sunday night when it had to meet the 30-day grace period....
UK inflation rate hits 40-year high at 9.1%
The Office for National Statistics said that consumer price inflation rose slightly from 9% in April....
Ukraine raises its interest rate to 25%, the highest in Europe
Ukraine's economy could contract by up to 45% in 2022....
Airlines across globe may drop mandatory mask rule
Airlines in the Netherlands led by KLM are dropping the mask rule for passengers....
Impact of Covid-19 on the European Union Economy
IMF predicted that the Eurozone public deficit reached a new high of 10.1% of GDP in 2020...
Revolut Bank granted full banking licence in Lithuania by ECB
The bank has been operating with a specialised European Union (EU) banking licence since 2018...