After ten months of consistent decline, gas consumption in the EU countries in August increased by 6.5% year on year – to 17.5 billion cubic meters, as stated in the monthly report of the Gas Exporting Countries Forum (GECF). At the same time, from January to August, gas consumption in the EU decreased by 9.5%…
2023 can be marked by a turning point in the history of the economies of various countries. The rise in the cost of energy resources and the consumer principle of people’s living are increasingly provoking large technology companies to rush to create something new. Hired engineers and managers work according to the corporate American labor…
US Federal Reserve Governor Christopher Waller spoke today on the current economic situation in the country, based on economic statistics for the past week. He believes that the situation in the labor market is beginning to soften, and he is not surprised that the unemployment rate has risen, but does not comment on the reasons…
On Friday, the American economy reported mixed data on the labor market. Unfortunately, even 30,000 new jobs could not tame the impending avalanche of unemployment. This was followed by alarming data on delinquencies: on loans, car loans and cards. The pain is most acute for low-income people, who have largely used what they have been…
Some ECB chiefs have said the latest data for July and August point to a slowdown in the economy in Q3 and may continue to do so in Q4. In addition, they noted that the ECB is in the final stages of raising interest rates, but emphasized the need to work to bring inflation back…
The US Department of Justice and the Securities and Exchange Commission (SEC), after a failure in court with Grayscale, decided to get to the bottom of Elon Musk. The case is now being investigated over the secret project of the “Glass House of Musk”. It followed from the contents of internal documents that for the…
European countries reported on the health of the economy today. It should be noted that Germany remains the worst performance on all fronts, and this country is the heart of Europe. Unemployment data for August came out horrendous: 18,000 thousand people compared to 1,000 thousand earlier. France is slightly better, but not by much. Inflation…
An independent agency of the US Federal Government notes that so far only Australia has been able to beat rising inflation by raising interest rates. And indeed it is! The first and most important thing is that the weekly CPI is rapidly approaching the level of the interest rate. Yesterday, the Australian dollar strengthened the…
Today, as noted in the news, the Chinese regulator has been intervening in the financial markets. Bloomberg news agency records the largest inflow of cash investments in equity ETFs. But! Usually, when regulators step in and carry out serious interventions, the first thing that happens is strong changes in currency quotes. However, the Chinese Yuan…
According to the latest data, in the Eurozone, the automotive market added +17% in July. This is the twelfth consecutive month of sales growth. “Who are they selling to?” – you ask. Everything is obvious here, and everyone is well aware that the largest sales market is under sanctions, while China has its own. It…
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