European Central Bank President Christine Lagarde reiterated that borrowing costs will remain high as long as necessary to curb consumer prices – despite the suffering economy. “Our future decisions will ensure that the ECB’s key interest rates are set at sufficiently restrictive levels for as long as necessary,” Lagarde told lawmakers in the European Parliament. … Read more
Katia Roumieh (50 years old) was fighting breast cancer with all her might, and was determined to win, before she found herself facing a greater obstacle preventing her from continuing her battle. Her husband, Elie, tells Al-Nahar her story, which ended with a sad conclusion. He says: “She fought for two years, and her condition … Read more
Sep 17, 2023 at 5:04 am People with an average income are increasingly in trouble. Due to high energy prices and more expensive groceries, they can hardly make ends meet. Meanwhile, wages are lagging behind. Many middle-income earners are therefore forced to adjust their spending patterns. The NVVK, the trade association for debt assistance, helps … Read more
While MPs are in Parliament for the first regular session after the summer break, a human chain is formed outside. Enough is enough: “Prices down, wages up,” demands the Austrian Trade Union Confederation once again. But because too little is still happening, employee representatives are now resorting to unconventional means that caused a stir 23 … Read more
After about thirteen years, the Czech Republic will experience an almost unexpected, but prayed-for phenomenon. In an optimistic scenario, the rate of inflation in the country will fall below the level of the Czech National Bank’s rates this month, i.e. below seven percent. At least for domestic banks, this will mean the de facto end … Read more
For up to three billion crowns, the financial group J&T, among other things, also goes after small investors. Through its subsidiary JTSEC CZ Financing 1, it offered investors a package of bonds, the sale of which the group intends to partially pay off the older debts of companies from the “family”. The Czech National Bank … Read more
Feeding Our Families 5 mins ago Food banks say high prices have not only increased demand for their services, but are also making it harder for them to supply at the level they would like. Telemundo 47 spoke with officials from the New York City Food Bank to understand the problem they are facing and … Read more
[InTime News] Over one in five small and medium-sized enterprises plans to raise their prices of goods or services in the second half of 2023, showing that inflationary pressures will continue for some time to come. Despite the increase, however, in production and operating costs, SMEs seem to have seen better days in 2022, with … Read more
NOS NOS Nieuws•vandaag, 06:27 Ruben Eg editor Economics Ruben Eg editor Economics The trend of ever-increasing prices in the supermarket has come to an end, concludes data agency Hiiper. At the request of the NOS, the agency made a new analysis of supermarket prices and receipts. Compared to March, consumers pay less at the checkout … Read more
As a business location, Germany is currently weakening enormously. The ongoing economic downturn is also being discussed accordingly. There is a risk of job losses In the chemical industry, for example, it is clear that many companies in the sector are reducing their investments in Germany. This, in turn, means that active deindustrialization is underway, … Read more