Greece will leave the European Union's so-called enhanced monitoring framework on August 20, its finance minister announced on Wednesday, giving the country more leeway in economic policymaking.   The framework has been monitoring Greek economic developments and policy since 2018, after...

The so-called "chip law" was signed by US President Joe Biden. In order to boost the nation's competitiveness against Chinese technical advancements, it offers $52.7 billion in subsidies for semiconductor and chip manufacture and research in the U.S. A $52.7 billion subsidy to support semiconductor...

According to TVE news, farmers in Spain worry that one of the worst droughts the nation has experienced in a decade will raise food prices to a point where many people won't be able to afford even basic foods. "The drought is one of the worst to hit farmers and ranchers in a decade. Despite the...

According to four industry sources, Russian airlines, including state-controlled Aeroflot, are dismantling jetliners to get spare components that they can no longer buy outside due to Western sanctions.   The efforts are consistent with the Russian government's advice to airlines in June to...

According to Saxo Bank, the United Kingdom is a "emerging market country" due to political insecurity, trade interruptions, an energy crisis, and surging inflation.   The Bank of England warned last week that the United Kingdom's economy will enter its longest recession since the Great...

Official data showed that Indonesia's economic growth surged in the April-June quarter due to an export boom fueled by higher commodity prices, but monetary tightening, rising inflation, and the prospect of a global recession all threaten the outlook.   According to Statistics Indonesia, the...

Lufthansa released the second quarter's earnings. Its sales, which came to €8.5 billion, more than tripled from the same time in 2021. Compared to a deficit of €756 million a year earlier, Lufthansa had a net profit of €259 million at the conclusion of the third quarter. The airline's successful...

A new program worth approximately €14.3 billion ($14.5 billion) has been approved by Italy on Thursday in order to shield businesses and individuals from rising energy and consumer goods prices. Prior to the scheduled national elections in September, the program was the most recent action taken by...

The three-month interbank lending rate LIBOR jumped by 2.5 basis points, to 2.83 percent, reaching a record high since 2008, the height of the global financial crisis. According to experts, the reason for this traders’ readiness for a gradual increase in the Federal Reserve System's (FRS) key rate...