Former Czech President Vaclav Klaus has rejected the notion that the Ukrainian conflict has been the sole reason for the economic problems now experienced around the globe. “The issues that led to spiking inflation and to a huge increase in energy prices that we have now originated long before February …
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Food price inflation in the UK is expected to peak at up to 15% this summer, according to the latest report released by a grocery research body. It warned that the record-high prices would linger on for another year. In its latest report, the Institute of Grocery Distribution (IGD) said …
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Prices for natural gas in Europe surged on Wednesday after Russian energy giant Gazprom announced plans for further cuts to supply volumes via the Nord Stream pipeline. Futures on the Netherlands-based TTF trading hub climbed over $1,300 per 1,000 cubic meters, marking a surge of nearly 25%. Earlier this week, …
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North Korea has reported a massive surge in a mysterious “fever” outbreak, including almost two dozen additional deaths and tens of thousands of new cases. Kim Jong-un called the epidemic one of the greatest “turmoils” in the nation’s history. Health officials confirmed 174,440 “new cases of fever” nationwide and 21 …
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Prices of consumer goods continue to soar across America, the latest official print of the Consumer Price Index confirmed on Wednesday, showing price growth at 8.3% over the last 12 months as of April. This marks the eleventh straight month of inflation registering over 5% and exceeds the 8.1% expected by …
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Prospects for the global economy have darkened since the outbreak of conflict in Ukraine, the World Trade Organization (WTO) said in a new report published on Tuesday. It has forecast that record-breaking prices for natural gas would hurt Europe the most. According to the report, the most immediate economic impact …
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The Community Security Trust’s (CST) Antisemitic Incidents Report for 2021 found that anti-Jewish hate crimes hit the highest annual total ever recorded, with a 34% spike in cases. On Thursday, the antisemitism monitoring group reported 2,255 incidents, marking the first time it has recorded more than 2,000 cases in a …
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The UK government is reportedly seeking a gagging order to prevent the BBC airing a news segment that apparently identifies a spy working overseas. A secret High Court hearing is expected to be convened next week to listen to arguments on the “highly sensitive case,” according to The Telegraph. While …
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After being asked whether she would encourage businesses to shut down to stop the spread of the variant, Hochul told MSNBC on Friday that the data shows Omicron “spreads quickly” but is “not as dangerous.” “So while primarily my number one goal is to protect the health of all New …
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“The current surge in freight rates will have a profound impact on trade, and undermine socioeconomic recovery, especially in developing countries, until maritime shipping operations return to normal,” UNCTAD Secretary-General Rebeca Grynspan explained, as cited by Reuters. In its Review of Maritime Transport 2021, published on November 18, UNCTAD stated …
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