Lost days at a record high: High sickness rates apparently a cause of the recession
spiegel.de/wirtschaft/soziales/konjunktur-in-deutschland-hoher-krankenstand-offenbar-ursache-der-rezession-a-2f55be4e-5e69-4737-9202-974ca1b4d4f4
Quick Glance: Record Sick Leave Leads to Economic Recession
- Germany's recession is attributed to high sick leave, not global crises.
- A pharmaceutical industry study reveals that the economy would have grown in 2023 without sick leave.
- The record sick leave in 2023 pushed the German economy into recession, with a 0.3% decline.
- Sick leave led to billion-euro losses for health insurance and reduced tax revenues.
Russian inflation touches one-year high in February on service prices: Russian inflation in February was mostly boosted by increases in services and non-food ...
euronews.com/business/2024/03/14/russian-inflation-touches-one-year-high-in-february-on-service-prices
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Venezuela Eyes 8% Growth Despite U.S. Sanctions: Venezuelan President Nicolás Maduro declared on Monday that the country expects to reach an 8% economic growth ...
riotimesonline.com/venezuela-eyes-8-growth-despite-u-s-sanctions/
Rosatom chief calls on West to stop speculating about sanctions against Russia's nuclear sector
yenisafak.com/en/news/rosatom-chief-calls-on-west-to-stop-speculating-about-sanctions-against-russias-nuclear-sector-3678226
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Economy: Russia is growing faster than Germany: Despite all the sanctions, Russia's economy is still robust. But the problems are getting worse, due to inflation ...
handelsblatt.com/politik/international/konjunktur-russland-waechst-schneller-als-deutschland/100002798.html
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Sanctions on Russian oil have failed. Were they ever meant to succeed?: Western sanctions imposed a year ago have hardly dented Russia’s ability to wage war.
aljazeera.com/features/2023/12/20/sanctions-on-russian-oil-have-failed-were-they-ever-meant-to-succeed
Citizen's income: Labour market researcher Enzo Weber calls for the "right measure"
focus.de/finanzen/buergergeld-arbeitsmarktforscher-enzo-weber-fordert-das-richtige-mass_id_259522118.html
The inflationary fire in Venezuela is slowly extinguished: The increase in prices is losing steam after a harsh adjustment that has further impoverished wage ...
english.elpais.com/economy-and-business/2023-12-19/the-inflationary-fire-in-venezuela-is-slowly-extinguished.html
Worry in Russia as egg prices soar ahead of festive season: Some Moscow residents claim egg prices have doubled, as Russia continues to battle persistent ...
euronews.com/business/2023/12/12/worry-in-russia-as-egg-prices-soar-ahead-of-festive-season
Price controls worsen America’s drug shortage : Drug shortages are reaching near-record levels in the United States. There were 309 active drug shortages in the ...
thehill.com/opinion/congress-blog/4208341-price-controls-worsen-americas-drug-shortage/
Oil jumps 4% after week-long selloff: Oil prices jumped more than 4% on Friday, rebounding from a four-month low hit in the previous session ...
thestar.com.my/business/2023/11/18/oil-jumps-4-after-week-long-selloff
Russian economy grows despite sanctions | World Business Watch: High inflation, weakening Rouble and western sanctions have not prevented Russia's economy from ...
wionews.com/videos/russian-economy-grows-despite-sanctions-world-business-watch-659164
Russian Economy Expands for Second Quarter Running: Russia's economy grew for a second consecutive quarter despite high inflation and Western sanctions that have ...
themoscowtimes.com/2023/11/15/russian-economy-expands-for-second-quarter-running-a83124
Long Lines At Gas Pump Unlikely, But Middle East Crisis Could Disrupt Supply, Raise Prices
huffpost.com/entry/israel-palestinians-oil_n_65323f3fe4b00cb3c696f291
Quick Glance: Potential Disruption of Oil Supplies Due to Middle East Crisis
- The current crisis in the Middle East has the potential to disrupt global oil supplies and increase prices.
- The US should not retreat from its strategic position in energy leadership.
- Let's learn from the lessons of 1973 and avoid another energy crisis.
- There are several uncertainties in the energy market.
The Unexpected Resilience Of Russia's War Economy — Sanctions Be Damned: As fall begins and business resumes, many Russian company leaders are facing a headache ...
worldcrunch.com/focus/russia-economy-growth
Countries repatriating gold in wake of sanctions against Russia, study finds: An increasing number of countries are repatriating gold reserves as protection ...
reuters.com/business/finance/countries-repatriating-gold-wake-sanctions-against-russia-study-2023-07-10/
There are good reasons for the age of hyper-globalisation coming to an end, writes Wolfgang Münchau.
“But we should be under no illusion about the economic ... Show more
Robust despite war and sanctions?: The deceptive strength of the Russian economy: For the first time in a long time, the Russian central bank is likely to raise ...
manager-magazin.de/politik/weltwirtschaft/russland-die-truegerische-staerke-der-russischen-wirtschaft-a-4463a2b4-1654-4df2-a304-451d9785c2d9
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Five Things You Need to Know to Start Your Day: Central bankers declare need for more rate hikes. China to hit green power target five years early ...
bloomberg.com/news/newsletters/2023-06-28/five-things-you-need-to-know-to-start-your-day-ljgcz02c
Rishi Sunak borrows from George Osborne’s playbook at PMQs: Rishi Sunak seemed keen to go back to the regime he was first elected under at PMQs today
spectator.co.uk/article/rishi-sunak-borrows-from-george-osbornes-playbook-at-pmqs/
Asia to drive oil demand growth in second half, says Vitol: Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the ...
reuters.com/business/energy/opec-sec-general-says-underinvestment-could-trigger-oil-market-volatility-2023-05-22/
De-dollarization: Central banks will keep buying gold amid reserve shift: "We think this trend of central bank buying is likely to continue amid heightened ...
markets.businessinsider.com/news/commodities/dedollarization-central-banks-gold-price-currency-reserves-russia-dollar-sanctions-2023-5
Energy efficiency law is likely to fail due to the SPÖ blockade: Current hours on inflation and Russia sanctions as well as on EU integration are also scheduled.
wienerzeitung.at/nachrichten/politik/oesterreich/2189933-Energieeffizienzgesetz-duerfte-an-SPOe-Blockade-scheitern.html
Five things that will get more expensive in Austria in May: With Austria still facing high inflation, many prices are set to rise in May. Here's what you ...
thelocal.at/20230503/five-things-that-will-get-more-expensive-in-austria-in-may
Here's the best time to redeem Series I bonds to maximize your interest : If you want to sell your Series I bonds, it's important to consider the timing of the ...
cnbc.com/2023/05/10/when-to-redeem-series-i-bonds-to-maximize-interest.html
Sebi crackdown on fake Telegram channels; Rs 5.7 crore penalty on 3 entities for ‘pump & dump’ stock tips
financialexpress.com/market/sebi-cracks-down-on-pump-amp-dump-schemes-slaps-rs-5-7-crore-penalty-on-3-entities/3064531/
Oil producers’ cuts could boost gasoline prices, help Russia: Combined with a cut of two million barrels per day announced in October, producers have axed about ...
english.elpais.com/international/2023-04-03/oil-producers-cuts-could-boost-gasoline-prices-help-russia.html
Quick Glance: OPEC+ output cuts are unwise, according to the US
- 2 April (Reuters) - The Biden administration said the unexpected oil output cuts announced by Saudi Arabia and other OPEC+ countries on Sunday were unwise.
- Producers had already agreed to cut 2 million barrels per day until the end of the year.
- "We're focused on prices for American consumers, not barrels," the NSC spokesperson said. "Prices have come down significantly since last year, more than $1.50 per gallon from their peak last summer."
- According to AAA, the national average price of gasoline in the United States on Sunday was around $3.50 per gallon.
Yellen says sanctions may risk hegemony of US dollar: WASHINGTON: Economic sanctions imposed on Russia and other countries by the United States put the ...
channelnewsasia.com/business/yellen-says-sanctions-may-risk-hegemony-us-dollar-3421826
Sebi crackdown on fake Telegram channels; Rs 5.7 crore penalty on 3 entities for ‘pump & dump’ stock tips
financialexpress.com/market/sebi-cracks-down-on-pump-amp-dump-schemes-slaps-rs-5-7-crore-penalty-on-3-entities/3064531/
Iran's currency slides to record low as savers buy dollars: Iran's rial currency sank to a record low against the U.S. dollar on Saturday despite central bank ...
reuters.com/markets/currencies/irans-currency-slides-record-low-savers-buy-dollars-2023-02-25/
Best No-Fee High-Yield Savings Rates April 2023: Consider opening a no-fee high-yield savings account if you want a competitive yield on your cash but want to ...
kiplinger.com/personal-finance/savings-accounts/best-no-fee-high-yield-savings-rates
#MintInFocus | Inflation in Russia dips below 4%, Putin’s winning on the economic front
As the U.S. struggles to tame #inflation , put a check on bank run ... Show more
Blamed for Putinflation Abroad, Russia Is Now Seeing Prices Dive: A war launched by the Kremlin against Ukraine took the blame for driving up the global cost of ...
bloomberg.com/news/articles/2023-04-12/blamed-for-putinflation-abroad-russia-is-now-seeing-prices-dive
California lawmakers approve Newsom's oil bill: The California Legislature sent Gov. Gavin Newsom a bill to increase transparency in the oil industry and require ...
latimes.com/california/story/2023-03-27/california-lawmakers-approve-legislature-passes-newsom-oil-bill
Quick Glance: Texas Senate Plans to Ban Transition-Related Care for Youth
- The Texas Senate has approved a bill that would prohibit the use of puberty blockers and hormone therapy for gender transition in trans youth who are not already receiving such treatment.
- Important medical groups endorse such treatments, citing their ability to reduce higher rates of depression and suicide among trans youth.
- The bill would also ban transition-related surgeries, although such procedures are extremely rare among trans youth.
- Studies show that trans youth who take puberty blockers are significantly less likely to experience lifelong suicidal ideation than those who desire the treatment but do not receive it.
‘Shockingly harsh’: Green Party councillors criticise sanction imposed on Neasa Hourigan
irishtimes.com/politics/2023/03/23/shockingly-harsh-green-party-councillors-criticise-sanction-imposed-on-neasa-hourigan/
OECD raises the forecast for Germany sharply - but two countries do even better: Russia and China
businessinsider.de/wirtschaft/oecd-hebt-prognose-fuer-konjunktur-in-deutschland-russland-und-china-deutlich-an/
Bankruptcies, inflation, fear of war: the mood in Russia is gloomy: Russians are used to crises - but after almost ten months of war, the situation is desperate ...
n-tv.de/politik/In-Russland-ist-die-Stimmung-truebe-article23788137.html
Oil exports notwithstanding: Venezuela despairs of poverty: For the first time in 15 years, Venezuela is welcoming a cruise ship. It is also a symbol of the ...
n-tv.de/mediathek/videos/panorama/Olexporten-zum-Trotz-Venezuela-verzweifelt-an-Armut-article23844695.html
How effective are the sanctions against Russia?: From inflation to the ruble, from the Moscow Stock Exchange Index to gas revenues, how hard Russia has been hit ...
derstandard.at/story/2000143357612/wie-wirksam-sind-die-sanktionen-gegen-russland
Sanctions on Russian oil are having the 'intended effect,' IEA says: Bans and price caps targeting Russian oil are having the "intended effect" despite ...
cnbc.com/2023/02/16/sanctions-on-russian-oil-are-having-the-intended-effect-iea-says.html
Virgin Media’s 13.8% broadband price increase lets customers walk: Inflation-busting increase means millions of customers can switch without penalty ...
standard.co.uk/tech/virgin-media-broadband-price-increase-b1061073.html
Capital 03/23: Germany's Big Bang: Today is Capital Day, the new edition is out. Our cover story: After a year of war and energy crisis: How independent is our ...
capital.de/wirtschaft-politik/capital-03-23--deutschlands-urknall-33199562.html
UK only major economy to shrink in 2023, says IMF: Remarkably, the IMF predicts that the UK economy will fare even worse this year than sanction-hit Russia ...
brusselstimes.com/economics/362107/uk-only-major-economy-to-shrink-in-2023-imf
Quick Glance: The IMF predicts that the UK economy will contract by 0.6% in 2023.
- According to the IMF, the UK economy will contract by 0.6% in 2023 rather than grow slightly.
- It will underperform other advanced economies.
Bank of England Signals Worst Years for Growth Since Great Depression: The assessment delivered by the Bank of England this week made for dismal reading.
bloomberg.com/news/articles/2023-02-04/boe-signals-worst-years-for-uk-growth-since-great-depression
Russia's Economy: Strong Ruble, Low Inflation, Solid Economy? | Nordkurier.de: The Russian economy is doing great. That's the conclusion one has to come to just ...
nordkurier.de/politik-und-wirtschaft/starker-rubel-niedrige-inflation-solide-wirtschaft-0351248502.html
Hungary posts record inflation despite Russia sanctions waivers - Tageblatt.lu: Tageblatt.lu: Current News
tageblatt.lu/non-classe/rekordinflation-trotz-ausnahmeregelungen-bei-russland-sanktionen/
25% inflation in Hungary, Orban: blame the EU: Hungary is facing a recession, and in this difficult situation, of all things, the EU has cut billions in funding ...
de.euronews.com/2023/01/25/25-inflation-in-ungarn-orban-schuld-ist-die-eu
Gravitas: IMF downgrades UK growth forecast: The IMF has downgraded its UK growth forecast. It predicts the UK economy will perform worse than sanctions-hit ...
wionews.com/videos/gravitas-imf-downgrades-uk-growth-forecast-557689
Venezuela sees oil exports financing almost two-thirds of 2023 budget: Venezuela's government expects oil exports to finance 63% of its national budget in 2023 ...
reuters.com/world/americas/venezuela-sees-oil-exports-financing-almost-two-thirds-2023-budget-2022-12-05/
UK telecoms firms urged to let customers leave before record price rise: Which? calls on firms to let customers break contracts penalty-free ahead of expected ...
theguardian.com/business/2023/jan/26/uk-telecoms-firms-urged-to-let-customers-leave-before-record-price-rise
Martin Lewis' 1-week 'price letters' warning to broadband and mobile customers: Prices are going to go up a lot very soon
examinerlive.co.uk/news/uk-world-news/martin-lewis-issues-one-week-26011407
Why central banks are stockpiling gold: The metal offers a hedge against inflation—and a way to circumvent sanctions
economist.com/finance-and-economics/2022/12/01/why-central-banks-are-stockpiling-gold
In 2022 Russia kept the economic show on the road: The world’s ninth-largest economy did a lot better than expected
economist.com/finance-and-economics/2022/12/29/in-2022-russia-kept-the-economic-show-on-the-road
How the new sanctions on Russia will affect what you pay at the pump: It's probably not going to do too much—as long as the price of oil remains depressed
qz.com/how-the-new-sanctions-on-russia-will-affect-what-you-pa-1849975544
Life insurer Cigna cops $3.5m penalty for misleading customers: Life insurer Cigna has been told to pay a $3.5 million penalty for misleading people about its ...
odt.co.nz/business/life-insurer-cigna-cops-35m-penalty-misleading-customers
Biggest-ever penalty for Cigna over false and misleading claims about customers’ insurance premiums
nzherald.co.nz/business/biggest-ever-penalty-for-cigna-over-false-and-misleading-claims-about-customers-insurance-premiums/YCKRB5Q62ZDKTPFKMR65DOFPPQ/
Treasury Secretary Janet Yellen believes inflation will be lower in 2023 | 60 Minutes
cbsnews.com/video/treasury-secretary-janet-yellen-believes-inflation-will-be-lower-in-2023-60-minutes/
EU Members Unanimously Agree to Punish Russian Sanctions Busters: The European Union has granted itself legal authority to take action against anyone who helps ...
themoscowtimes.com/2022/11/28/eu-members-unanimously-agree-to-punish-russian-sanctions-busters-a79523
Iran’s Crippled Economy Sustains Protests After Religious Police Lit Flame: The country’s middle class is shrinking for the first time in decades amid U.S ...
wsj.com/articles/iran-protests-economy-sanctions-religious-police-11664891763
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Gold recovers its shine in times of volatility and high inflation. But shadier motives are also at play
Why central banks are stockpiling gold: The metal offers a hedge against inflation—and a way to circumvent sanctions
economist.com/finance-and-economics/2022/12/01/why-central-banks-are-stockpiling-gold
Gold recovers its shine in times of volatility and high inflation. But shadier motives are also at play
Why central banks are stockpiling gold: The metal offers a hedge against inflation—and a way to circumvent sanctions
economist.com/finance-and-economics/2022/12/01/why-central-banks-are-stockpiling-gold
Savers watch out for signs of higher CD rates in 2023: Savers complained for years about super low interest rates, but they might get a break in 2023 after the ...
freep.com/story/money/personal-finance/susan-tompor/2022/12/22/cd-interest-rates-higher-2023-inflation/69715869007/
Survey: Russia sanctions: Majority of Germans willing to do without | Augsburger Allgemeine
augsburger-allgemeine.de/special/bayern-monitor/umfrage-sanktionen-gegen-russland-deutsche-noch-immer-mehrheitlich-bereit-verzicht-zu-ueben-id63882536.html
Survey by the Forsa Institute: Sanctions against Russia: Germans no longer want financial disadvantages
noz.de/deutschland-welt/ukraine-konflikt/artikel/russland-sanktionen-deutsche-wollen-keine-finanziellen-nachteile-43163619
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Russia’s central bank improves key economic forecasts: The Central Bank of Russia (BCR) has improved its GDP forecasts for the Russian economy this year ...
euronews.com/2022/10/28/russias-central-bank-improves-key-economic-forecasts
Hanover: Hope citizen money - This is how a family with Hartz IV lives: The Meier family from Hanover has five children and lives on Hartz IV ...
haz.de/lokales/hannover/hannover-hoffnung-buergergeld-so-lebt-eine-familie-mit-hartz-iv-YQA3ONVIWDCALDLNIELGDZBO6M.html
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Protest because of high prices: Craftsman from Halle demands: Stop sanctions against Russia
mz.de/mitteldeutschland/sachsen-anhalt/handwerker-aus-halle-fordert-stoppt-sanktionen-gegen-russland-3428435
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Demonstration in Dessau: District master craftsman Karl Krökel: " The government has to be there for the people and not the other way around."
mz.de/lokal/dessau-rosslau/kreishandwerksmeister-karl-krokel-die-regierung-hat-fur-das-volk-da-zu-sein-und-nicht-umgekehrt-3433912
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Hanover: Hoping for the new citizen money - This is how a family with Hartz IV lives
neuepresse.de/lokales/hannover/hannover-hoffen-aufs-neue-buergergeld-so-lebt-eine-familie-mit-hartz-iv-YQA3ONVIWDCALDLNIELGDZBO6M.html
IRS refunding $1.2B in late-filing penalties, here's how to collect the money: The IRS is paying out $1.2 billion in late-filing refunds and credits to more than ...
foxbusiness.com/money/irs-refunding-late-filing-penalties-heres-how-collect-money
Inflation continues to rise in Iran: Inflation may be higher than the government is letting on due to US sanctions and government fiscal policy.
al-monitor.com/originals/2022/11/inflation-continues-rise-iran
Economic ethicist on justice in the crisis: "Those with high incomes do not suffer from ten percent inflation"
spiegel.de/wirtschaft/wirtschaftsethiker-wer-ein-hohes-einkommen-hat-leidet-nicht-unter-zehn-prozent-inflation-a-f71146e6-9075-4187-a58d-9ac9812d2665
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Inflation, exports, oligarchs: are the sanctions against Putin working at all?: Inflation in Russia is rising, companies are retreating, the Russian arms ...
plus.tagesspiegel.de/politik/strafmassnahmen-wegen-krieg-gegen-ukraine-wie-wirken-die-sanktionen-gegen-russland-8559739.html
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Russia Cuts Interest Rates Again, Citing Weak Consumer Demand: The bank reduced its key rate by half of a percentage point, to 7.5 percent. Last spring ...
nytimes.com/2022/09/16/business/russias-interest-rates.html
Russia seeks sanctions exemption amid Black Sea grain deal talks: "Russia is using food as a weapon of war and this is yet another manipulation of the facts and ...
markets.businessinsider.com/news/commodities/russia-ukraine-black-sea-grain-export-deal-food-inflation-europe-2022-11
Teacher salaries have barely budged over the last 25 years: Teachers have made less than their non-teacher peers over the last few decades ...
axios.com/2022/08/25/teacher-pay-college-graduates-inflation-report
The rouble is soaring and Putin is stronger than ever - our sanctions have backfired
theguardian.com/commentisfree/2022/jul/29/putin-ruble-west-sanctions-russia-europe
Anger letter to Scholz: "Do you really want to sacrifice your country for Ukraine?"
focus.de/politik/deutschland/handwerker-fordern-ende-der-sanktionen-wut-brief-an-scholz-wollen-sie-wirklich-fuer-die-ukraine-ihr-land-opfern_id_136711040.html
Quick Glance: Scholz condemns Russian tyranny on the 2nd anniversary of the Navalny poisoning
- Russian opposition leader Alexei Navalny speaks during a rally in Moscow to demand the release of jailed protesters detained during opposition marches for fair elections, Sept.
- BERLIN (AP) — On the second anniversary of his attempted poisoning, German Chancellor Olaf Scholz lauded imprisoned Russian opposition figure Alexei Navalny and condemned Russia's crackdown on free expression.
- "Freedom and democracy were already endangered before."
- On September 27, 2021 in Berlin, Germany, Olaf Scholz, chancellor candidate of the German Social Democrats (SPD), addresses to the media in the Federal Chancellery following the SPD's narrow victory in yesterday's federal elections.
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