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 …
Read More »UK food prices could spike at 15% this summer
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 …
Read More »European gas prices spike as anti-Russia sanctions affect flow
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, …
Read More »North Korea suffers major spike in ‘fever’ outbreak
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 …
Read More »US consumer prices spike even worse than expected
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 …
Read More »Trade body predicts who will suffer most from gas price spike
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 …
Read More »Anti-Semitic hate crimes spike to record high in European country
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 …
Read More »UK govt seeks to spike ‘highly sensitive’ BBC spy story – reports
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 …
Read More »Governor reveals if she plans to shut NYC down amid record spike in cases
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 …
Read More »UN names threat that may cause global spike in prices
“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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