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Europe’s scramble for gas hurting poorer nations – media

European countries are actively buying up liquefied natural gas (LNG) as an alternative to Russian pipeline supplies, depriving poorer countries that cannot compete for the fuel due to high prices, The Wall Street Journal reported on Friday. According to the publication, the price of LNG has skyrocketed 1,900% from its …

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Ukraine conflict makes Germany ‘poorer’ – finance minister

Germans are already paying a price for Russia’s military campaign in Ukraine, the country’s finance minister has acknowledged. Speaking to Bild tabloid newspaper, Christian Lindner said that “the Ukraine war is making us all poorer, for example, because we have to pay more for imported energy.” In an interview published …

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Millions of Britons wake up £1,040-a-year poorer as ‘temporary’ Universal Credit uplift removed, while UK economy begs for workers

On Wednesday, the temporary uplift to Universal Credit payments came to an end. The scheme provided recipients of social welfare with an extra £20-a-week throughout the pandemic; the government always said the uplift would be a temporary measure.  The scheme’s end also comes a week after the government’s Covid-19 furlough …

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Poorer Americans can’t afford a new car

The cost of purchasing a car can vary from city to city, but accessibility is a problem across the country According to a recent study Bankrate.com the most famous brand in USA, which is a personal financial website, “the average American living in a big city, doesn’t earn enough to …

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Ukrainians for the year poorer by $ 18 billion UAH

Savings of Ukrainians in 2016 decreased by 18.4 billion UAH. The state statistics service reported that savings of Ukrainians in 2016 dropped 18.4 billion. According to the data, nominal incomes of population during this period increased by 15.4%, and disposable income, which can be used to purchase goods and services …

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