The surge in energy prices, which began last year and has been reinforced by Russia’s military action in Ukraine and the “collective West’s” sanctions war against Moscow, has brought the world back to the 1970s. That was a time when stagflation raged – first in Britain and then in other countries …
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The price of fuel in Britain is continuing to rise as filling an average family car with petrol now costs over £100 ($125), according to data tracked by the roadside assistance company RAC. The motoring group reported that filling the tank of a 55-liter family car with diesel has surged …
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Gasoline prices in Spain reached new highs this week, offsetting government attempts to compensate drivers, the newspaper La Vanguarda reported on Thursday. Premium 95-octane unleaded petrol (Eurosuper 95) now costs €1.968 per liter on average in Spain, which represents a weekly increase of 1.44%, the publication reported, citing this week’s …
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Credit card borrowing in the UK in April rose at the fastest annual rate in nearly two decades, according to data released by the Bank of England on Tuesday. The regulator revealed that spending on cards was 11.6% higher than last April, marking the biggest increase since November 2005, while …
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The European flying public should expect higher prices this summer when it comes to booking flights, Ryanair CEO Michael O’Leary has warned. The cost of flying this summer will reach a “single-digit percent” high above pre-pandemic levels, the low-cost airline chief told BBC Radio 4’s Today program on Monday. He …
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Protests sweeping Iran over surging food prices have left five people dead, according to media reports. Officials in Tehran have provided no confirmation of potential casualties. The unrest follows the government’s decision to cut food import subsidies, as part of an austerity package unveiled by President Ebrahim Raisi earlier this …
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Baden-Württemberg Minister of Agriculture and Consumer Protection Peter Hauk has backed a complete German ban on importing gas and oil from Russia in response to Moscow’s military assault on Ukraine. Hauk supported the response to Russia’s actions despite the impact it could have on his country’s own citizens, who are …
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Should every 18-year-old be handed €20,000? That’s what an influential German think tank believes. It may sound somewhat utopian or even outlandish, but those who call for its implementation argue that such a policy would be for the benefit of society. The German Institute for Economic Research, for example, argues …
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After being asked on Tuesday for her opinion on the argument that high inflation in the US is being driven by “corporate greed,” Psaki responded that President Joe Biden and Secretary of Agriculture Tom Vilsack “have both spoken to what we’ve seen as the greed of meat conglomerates.” “That is …
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Speaking as part of a keynote address at Russian Energy Week on Wednesday, Putin said that a fall in output from wind farms had meant electricity prices shot up, having a knock-on effect on demand for gas. Wind power makes up an increasingly large share of Europe’s energy generation, particularly …
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