The budget for next year in Iran is based on the cost of oil at $ 60 a barrel, from $ 40 this year, Bloomberg reported, citing the semi-official Fars news agency. The country expects to export about 1.2 million barrels of oil per day next year starting March 21, Fars reported, according to the […]
Tag: International financial news
How could the German bureaucracy, not Scholz, delay Nord Stream 2
German Chancellor Olaf Soltz – under pressure from the United States, which wants to shut down the Nord Stream 2 pipeline due to Russian aggression against Ukraine – may quietly outsource the project to the country’s bureaucracy, according to Bloomberg. Before gas can flow through the pipeline to the bottom of the Baltic Sea, the […]
How could the German bureaucracy, not Solz, delay Nord Stream 2
German Chancellor Olaf Soltz – under pressure from the United States, which wants to shut down the Nord Stream 2 pipeline due to Russian aggression against Ukraine – may quietly outsource the project to the country’s bureaucracy, according to Bloomberg. Before gas can flow through the pipeline to the bottom of the Baltic Sea, the […]
New Turkish YPOIK: We will not back down from the principles of the free market
Turkey’s new finance minister has met with a group of businessmen to reassure them that the government will not back down from free market principles amid a monetary catastrophe caused by successive cuts in interest rates, according to Bloomberg. The six-hour meeting in Istanbul on Saturday was the first for Nureddin Nebati since he was […]
Turkey: The S&P downgrades the outlook for public debt
The rating agency Standard and Poor’s announced yesterday Friday that it downgraded – from stable to negative – the outlook for the Turkish public debt, citing political and economic uncertainties. For the time being, the house maintained the country’s rating at B + (“very profitable” position). In general, however, the revision of the outlook for […]
USA: Unexpected rise in the consumer climate in December
The strengthening of the consumer climate in the USA is recorded in December, after according to the data announced by the University of Michigan, the consumer climate index is strengthening to 70.4 points from 67.4 in November. This measure is higher than the estimate of economists who took part in a survey of the Wall […]
Solts from Paris: Growth and sound public finances can be combined
Growth and sound public finances can be combined and are not in conflict, said German Chancellor Olaf Solz, answering a question during a joint press conference he gave in Paris with French President Emanuel Macron. The question was whether there were discrepancies between Paris and Berlin over the extent of public investment and the debt […]
US: Annual inflation at 6.8% in November, the highest since 1982
US consumer prices rose at the fastest pace in almost 40 years last month, confirming fears that the inflation rally was showing no signs of slowing down and stepping up pressure on the US Federal Reserve to tighten its policy. In particular, the consumer price index has risen by 6.8% since November 2020, according to […]
Panetta (ECB): Cryptos are not socially and economically useful
Crypto has shown no signs of benefiting society or the wider economy, ECB Executive Committee member Fabio Panetta said today, according to Bloomberg. Although Crypto advocates often hail the ability of cryptocurrencies to serve a portion of the population “without a bank” or to remove the middleman, the ECB official noted that “there is no […]
The energy extraction of a Bitcoin corresponds to two billion transactions with VISA
The energy footprint of bitcoin mining equates to about two billion transactions with VISA, says Deutsche Bank analyst Marion Laboure. According to marketwatch, the Deutsche Bank report includes another impressive statistic, as it states that mining a bitcoin could meet the energy needs of the average US household for 61 days. If we add the […]
