Orders for durable goods at US factories rose 1.9% in June, driven mainly by bookings for new cars and military aircraft as there were signs of a slowdown in other sectors. In any case, the reading far exceeded the median estimate of economists in a Wall Street Journal survey, predicting a 0.4% decline in new […]
Tag: International financial news
Kremlin: Gazprom is supplying Europe with as much gas as it can
Russia’s Gazprom is supplying Europe with as much gas as possible, Kremlin spokesman Dmitry Peskov told reporters today, adding that technical issues with pipeline equipment due to sanctions are preventing Gazprom from exporting more. Russia delivered less gas to Europe today in a further escalation of an energy standoff between Moscow and the European Union […]
Germany is planning a 30 billion euro fund to finance startups, with an emphasis on technology
Germany is planning the creation of a 30 billion euro fund to support startups, with an emphasis on those in technology, as reported by the Bloomberg agency. The creation of the Fund was approved by Germany’s federal cabinet as part of a broader strategy to make the country friendlier to startups and innovation. The government […]
At 20% the flow of Russian natural gas through Nord Stream
The flow of natural gas through the Nord Stream pipeline fell to 20% of its maximum capacity this morning, as announced, according to data from the German operator, raising the risk of shortages next winter. As of this morning, Nord Stream is transporting… 1.28 million cubic meters per hour, i.e. about 20% of its maximum […]
Turkish official: Probably within a week the first exports of Ukrainian grain
The center to oversee Ukrainian grain exports is expected to officially open today in Istanbul following a landmark deal reached last week, and a senior Turkish official said the first ship was likely to leave Black Sea ports in a few days. Russia and Ukraine signed the deal on Friday, brokered by Ankara and the […]
Political instability costs Italy – After the bond, worries about the money of the Recovery Fund
The European Commission has sent a clear message to Italy’s political world that the country will not receive funds allocated to it from the European Union’s Recovery Fund if it does not adhere to the reform and investment program agreed last year between the European Union and the Draghi government. “You know the Latin saying […]
Germany: ‘We can avoid gas shortages’
A gas shortage can still be avoided in Germany, even though Russian supplies via the Nord Stream 1 pipeline are expected to be halved, the country’s gas regulator said today, warning industry and consumers to work harder hard to save gas. Gazprom, Russia’s state-controlled natural gas company, has announced that flows will be reduced to […]
Germany: The Ifo employment index fell
The willingness of German businesses to hire new staff has been hit again, the Ifo institute said. The German institute’s employment barometer fell to 101.1 in July from 103.3 in June. Businesses are still planning to hire new staff, although they have become more cautious in their staffing planning due to the current high level […]
Biden – Xi to discuss tariffs via video conference
Joe Biden intends to discuss with his Chinese counterpart Xi Jinping the punitive tariffs on many Chinese products, a White House spokesman said on Tuesday, noting that the US president has not yet made a final decision on their possible removal. According to an unnamed source cited by Reuters, the meeting is expected to take […]
IMF: Russia’s economy is withstanding sanctions more than expected
The Russian economy is now expected to suffer a less severe impact from international sanctions this year than previously estimated, the International Monetary Fund said yesterday, adding that, on the other hand, European economies are being hit harder than expected. Russia’s GDP is expected to contract by 6.0% in 2022, the IMF now predicts, significantly […]