IEA: Higher oil prices will have major impact on global economy The International Energy Agency (IEA) released its October Oil Market report on Thursday. The report said continued deteriorati…
The world's coal bosses and oil barons are among the biggest winners in 2022, as the fortunes of many tech giants have tumbled in the U.S. stock market. India's most powerful coal boss, Gautam Adani, has a net worth of $146.8 billion, pushing him pas…
Global inflation is running at its fastest pace in decades this year as high and persistently volatile commodity prices, coupled with the impact of the Russia-Ukraine conflict on slowing global growth, have significantly slowed economic growth and th…
France's annual inflation rate hit 6.1 percent in July 2022, rising further from 5.8 percent in June, the highest since July 1985, the National Institute for Statistics and Economics (Insee) said.…
The Nordic electricity market (Nord Pool) is reported as saying that electricity prices in Denmark are now three times higher than they were this time last year. Martin Hansen, deputy hea…
The COVID-19 pandemic has wreaked havoc on the youth Labour market, the ILO said. The ILO's just-released Global Employment Trends 2022 report found that the job prospects of young people aged 15 to 24 lag behind other age groups.…
In a recent live interview with Radio Kosut, Hungarian Prime Minister Viktor Orban said the EU was wrong to impose sanctions on Russia because of the serious negative impact on the European economy. "At first I thought we were shooting ourselves in t…
A 20 percent decrease in hydropower production in Europe has also affected the inkjet printing machine market High temperatures across Europe have severely affected the operation of nuclear p…
China's trade in goods totaled 23.6 trillion yuan in the first seven months of this year, up 10.4 percent year on year, according to the General Administration of Customs. Foreign trade has overcome many adverse effects and achieved rapid growth. Dol…
In the past two months, on the background of weaker demand expectations, international crude oil prices have fallen by more than 20%. Analysts said that the poor macro data of major overseas economies, under the expectation of economic recession, cru…
The UN Secretary-General's Global Food, Energy and Financial Crisis Response Group (GCRG) issued its third report on Tuesday, warning that soaring energy prices are exacerbating the cost-of-living crisis for hundreds of millions of people as the conf…
Health care workers who received the fourth dose of the Pfizer coronavirus vaccine had a significantly lower risk of contracting arcanocron than their counterparts who received only three shots, according to a study released Tuesday.…