Saudi Arabian Airlines plans to order wide-body aircraft next year to boost plans to expand the international flight program, as well as an airline subsidiary, to cover 200 foreign destinations by 2030, he said. Today on Reuters, Ibrahim Kosi, CEO of Saudi Arabian Airlines. The airline, also known as Saudia, expects to carry 85 million […]
Tag: International financial news
Inflation: How it affects economic policy in the Eurozone and the US
The escalation of inflation in recent months is casting a heavy shadow over economic policy plans on both sides of the Atlantic, as achieving the goal of consolidating the recovery now requires more subtle manipulations. The impact is greatest in the US, where inflation jumped to 6.2% in October, the highest level since 1990, following […]
Putin: Interruption of Russian gas flow to Europe endangers Moscow-Minsk relationship
Russian President Vladimir Putin said today that Belarus had not consulted with him before raising the possibility of halting the flow of Russian gas to Europe, adding that such a move runs the risk of worsening bilateral relations between Minsk and of Moscow. Belarussian President Alexander Lukashenko on Thursday threatened to retaliate against any new […]
Will Turkey comply with the Green Deal?
It took more than six years for Turkey to ratify the Paris Convention on Climate Protection. For many years, the Turkish government has struggled to find common ground with the European Commission on meeting climate targets and promoting the Green Deal. Now the authorities claim that they will accelerate the necessary actions for the ecological […]
Spain becomes first EU member state to formally request disbursement from Recovery Fund
Spain has formally asked the European Union to pay the first tranche of 10 billion euros from the Recovery Fund, and thus became the first EU member state to do so, the Ministry of Budget announced today. The southern European state received an advance of 9 billion euros in August out of a total of […]
US: Jobs fell to 10.4 million in September
Job vacancies in the US fell in September, but remained well above pre-pandemic levels as employers continued to struggle to find work. In particular, vacancies fell on the last day of September to 10.4 million, according to the monthly report released by the US Department of Labor on Friday, from 10.6 million which is the […]
US: Consumer confidence plunged to a 10-year low in November
Consumer confidence in the US plunged in November, with the index falling to a 10-year low as the inflation rally affected households’ living standards. In particular, the University of Michigan Consumer Confidence Index fell to 66.8 points based on the initial measurement for November, from the final measurement in October to 71.7 points. This is […]
Commission: All Member States have made progress in the field of digitization
The results of the Digital Economy and Society Index (DESI) for 2021, which records the progress made in the EU Member States in terms of digital competitiveness in the areas of human capital, broadband connectivity, digital technology integration by businesses and digital public services, the European Commission announced today. The DESI 2021 report presents data […]
Eurozone: Industrial production fell in September for the second consecutive month
Industrial production in the eurozone fell in September for the second month in a row as delays in deliveries stemming from supply problems hampered manufacturing. Production from factories, mines and utilities in the region fell 0.2% in September from August, Eurostat said. Economists expected a 0.7% drop. In August, industrial production fell by 1.7% on […]
ECB: Inflation will decline at a slower pace than expected
Inflation in the eurozone may decline more slowly than originally expected, in part due to persistent supply problems, but the ECB should not overreact quickly by withdrawing its support program, two ECB officials said today. Inflation in October was more than 4% last month, more than double the ECB ‘s target of 2%, due to […]
