Germany is about to see its highest inflation in decades, the president of the nation’s central bank, Joachim Nagel, told the Rheinische Post on Saturday, adding that Germany might fall into a recession. “An inflation rate of even 10% is possible in the autumn months,” Nagel told the paper, adding …
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Consumer prices in France have reached their highest rate in over three decades, data from the state statistics agency INSEE showed on Wednesday. According to the report, inflation in the country increased by 0.9% in June from the month before, driving annual inflation to 6.5%, its highest level since 1991. …
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The risk of nuclear weapons being used is higher “than at any time since the height of the Cold War,” the Stockholm International Peace Research Institute (SIPRI), a leading weapons watchdog, has warned. The shrinking global stockpile of nuclear weapons is now expected to begin growing once again, according to …
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Inflation in Austria has jumped to its highest level in over 40 years, media reported on Wednesday citing data from the country’s federal statistics agency Statistics Austria. “In April 2022, consumer prices again increased significantly compared to last year – by 7.2%. We saw such a high rate of price …
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Citing high inflation, the US Federal Reserve has raised its base interest rate by 50 basis points, or 0.5%, and announced it would be selling off some assets from its $9 trillion balance sheet. The rate hike is the highest since May 2000, when the dot-com stock bubble burst. “Inflation …
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Germany is suing Italy in the top UN court in the latest round of long-standing dispute over Nazi compensation claims, the International Court of Justice (ICJ) revealed on Friday. In its application Germany claims that Rome has continued to allow Nazi war crime victims to file requests for compensation from …
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The annual rate of inflation in the United Kingdom shot up 7% in March, the highest level recorded since 1992, according to the Office for National Statistics (ONS). Data released on Wednesday showed that the largest contributors to the trend were increased fuel prices and energy bills. The consumer price …
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Inflation in Spain rose by 9.8% in March compared to the same month last year, according to preliminary data published by the National Statistics Institute on Wednesday. The rise in the consumer price index is the highest since May 1985, and the provisional figure for this month is more than …
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February consumer price inflation in Europe accelerated by 5.9% compared to last year’s 0.9% per annum, marking the fastest annual jump on record, Eurostat statistics agency said on Thursday. The indicator rose sharply from 5.1% in January. Prices spiked most in Lithuania (14.0%), Estonia (11.6%) and the Czech Republic (10.0%). …
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The revelation is based on a CBP report obtained by the Washington Post on Wednesday, covering the 2021 fiscal year, which started in October 2020 and ended three weeks ago. While no monthly breakdown of the figures was provided, the rise in illegal crossings coincided with the declaration that Democrat …
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