Germany Will Support Russian Oil Embargo After Significantly Reducing Dependence: Report
According to Fox, Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position on the Russia-Ukraine conflict.
China Q1 2022 GDP: five things to watch
China’s economic outlook was already challenging at the beginning of the year, as the effects of President Xi Jinping’s crackdown on property and other high-growth industries rippled through the world’s second-largest economy.
What Victor Orban’s Election Victory Means for EU Politics and Markets
Orban, a self-styled illiberal democrat, is most apparently an incumbent again winning by a wide margin.
Millions in China’s Northeast Placed under COVID-19 Lockdown
China has imposed stay-at-home orders on millions more people in the country’s northeast, as it tries to tackle its biggest coronavirus outbreak in two years.
CBR Tackles Geopolitically Motivated Ruble Depreciation, Boosts Key Rate to 20 Percent
Russia’s central bank, CBR, has more than doubled its key interest rate from 9.5% to 20% as its currency
Spot Rotterdam Gas Prices Soared to Over €1400/Thousand Cubic Meters Instantaneously. What’s Next?
Gas prices are soaring globally, largely because of the resurgence of demand for fossil fuels after the Covid-19 pandemic and lockdowns, depleted storage and the difficulty of ramping up supply after the disruptions of the past two years.
El Salvador To Grant Citizenship to Foreign Investors Including Bitcoin Injectors
El Salvador President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country as well as other initiatives to reduce government hurdles in order to attract investment projects.
Germany’s International Fiscal Standing Keeps Worsening
Germany’s trade surplus shrank for the fifth year in a row in 2021 to €6.8 billion in December from €15.1 billion in the same period last year and €10.9 billion in November, as a global supply crunch hampered exports, including in its key auto sector.
Cost of living: New Zealand inflation tops three-decade high
The current inflation spiral has no limits and borders.
China’s PBOC Surprised by Countering Western Central Banks while Cutting Interest Rates
China lowered a key interest rate for the first time since the peak of the pandemic in 2020 as a property-market slump and repeated virus outbreaks dampened the nation’s growth outlook. Bonds rallied.
Turkey’s Lira Finished Worst Year in Two Decades under Erdogan
Turkey’s lira – by far the worst performer in emerging markets in 2021, as well as in the last few years – shed 44% of its value against the dollar over the year and 19% in the last week alone.
Inflation Continues to Beat Forecast in Great Britain, but BoE Has Hundred Reasons Not to Hike Immediately
According to the British ONS, UK inflation hit a decade high of 5.1% in November.
Indian Economy Sees New Crucial Threats from Omicron Variant
UBS said “New flare-ups of Covid infections [both ongoing and yet coming] in India, and particularly the emergence of new Covid strains against which currently available vaccinations provide little or no protection are probably the biggest downside risk,”.
China Becomes Concerned about “Quasi-Stagflation” as Developers Face Mounting Troubles
According to Bloomberg, Liu Shijin, an adviser to the People’s Bank of China, the country’s economy may face a period of “quasi-stagflation” with relatively slow growth and excessively high producer-price inflation.