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....
Tag : Europe
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...
Open Banking payments platform Noda Pay announces official launch
Noda Pay is now available in the UK as well as the EU...
UK carriers ask the government for financial support and testing certainty
CEOs of major carriers have written to the UK Prime Minister Boris Johnson...
Five years since Brexit, and it’s still not over
The impact of Brexit on the UK economy will be far more disastrous in the long run compared to the pandemic....
Are we headed for a global energy crisis?
Energy prices in Europe are soaring as supply takes a hit...