Tag Archives: EU

The National Institute of Statistics and Economic Studies in France confirmed its preliminary estimate of the inflation rate in May, to stand at 5.1% on an annual basis, after it reached 5.9% in April, due to a slowdown in energy and food prices. Today, Thursday, the National Institute of Statistics …

The EU is purchasing Russian LNG at the highest level in three years. Though the bloc has sanctioned Russian oil and fuel oil, LNG imports are still free-flowing.The EU snapped up 19.2 billion cubic meters of Russian LNG last year, a 35% increase from 2021. Despite efforts to keep distant …

France is witnessing massive demonstrations on Tuesday, March 7, against the pension reform proposed by President Emmanuel Macron, while unions expect to “paralyze” the country through strikes and demonstrations. “I call on the employees of this country, I call on citizens and retirees to demonstrate massively,” said the Secretary General …

In order to assist consumers cope with the rise of food prices, French Finance Minister Bruno Le Maire announced on Monday that he had achieved an agreement with the major grocery chains in the nation. Le Maire said at a press conference following his meeting with retail executives that food …

Policymakers from the European Central Bank confronted some harrowing realities this week while huddling in a retreat in a remote Arctic village: businesses are benefitting from rising inflation while workers and consumers bear the cost. The dominant macroeconomic narrative over the last nine months has been that the 20 nations …

The US dollar began the new trading week extending positive performance although demand for the US currency diminished ahead of the US session’s opening, following a mixed United States Durable Goods Orders report. Later on the day, the dollar Index fell 0.52% to 104.725, reversing gains from last Friday driven …

In a joint press conference with European Commission President Ursula von der Leyen on Monday, British Prime Minister Rishi Sunak that they have amended the original Northern Ireland Protocol deal and agreed a new “Windsor framework.” The GBP/USD edged slightly lower from daily highs with the initial reaction to this …

Several calls, such as the one made by ECB board member Fabio Panetta to convert to smaller rate increases, have been made as a result of the lower-than-expected energy costs in Europe this winter.The ECB’s board member appointed by Italy, Panetta, urged caution, claiming that the economy had not yet …

Oil prices regained ground on Monday, after falling more than $2 a barrel in the previous session, amid optimism that China would lift COVID-19 restrictions and recover oil demand, which outweighed fears of a global recession. Brent crude futures rose 72 cents, or 0.9 percent, to $79.76 a barrel by …

Oil prices rose in early Asian trade on Friday, after falling by 2 percent in the previous session, in the wake of central banks raising interest rates, and are heading towards ending the week’s transactions higher after a series of positive expectations for oil demand. By 0109 GMT, Brent crude …