Germans Skimp On Food Purchases Due To Inflation
New data from Deloitte’s Global Consumer Pulse Survey released this week showed that as prices have soared, a growing number of Germans have had no choice but to shift their…
In Britain, Shoplifting Surges As Cost Of Living Soars
A new report published on Thursday by the British Association of Convenience Stores (ACS) says the cost of living crisis in the UK is fueling a surge in shoplifting. Data…
Netherlands Central Bank Warns Inflation To Remain High
On Monday, De Nederlandsche Bank (DNB), the central bank of the Netherlands, warned that stagnating economic growth in the nation means inflation will remain high. Dutch inflation is expected to…
British Grocery Inflation Easing
On Tuesday, Bloomberg reported that in Britain, grocery inflation has begun to ease, with two separate surveys indicating that food price inflation may finally be on the downswing from its…
US Analyst Says Russian Sanctions Have Backfired
In an example of an opinion contravening the established consensus in the West, in an interview with Russian news outlet RT on the sidelines of the St. Petersburg Economic Forum…
Turkish Equities Soar Of Hopes Of Policy Shift
Turkish equities surged to record levels, as the lira maintained all-time lows, due to the appointment of two former bankers from Wall Street to a revamped economic team which will…
British Breweries Are Going Bust
Mazars Group has noted that as the cost of living crisis in Britain savaged the nation’s hospitality sector, British brewing companies suffered among the worst of it. The group’s analysis…
Russian McDonalds, Rebranded Under New Management, Outperforms Predecessor
Earlier this week Aleksander Govor, the owner of Russian fast food chain Vkusno i Tochka, announced that since his company took over from McDonalds in Russia following the US chain’s…
Honduras Seeks To Join BRICS Bank
Honduran President Xiomara Castro said Saturday that Honduras formally requested to be admitted to the New Development Bank (NDB) of the BRICS group of major emerging economies. During the official…
Eurozone Enters A Recession
On Thursday the statistics agency Eurostat revealed the Eurozone’s economy contracted in the first quarter of 2023. That would be the second consecutive quarter of economic contraction, meaning the Eurozone…
