Early in 2023, recession hit the German economy as consumer spending in Europe's economic engine finally buckled under the weight of soaring inflation.   According to a second estimate released by the statistics office on Thursday, the gross domestic product decreased by 0.3% in the first...

According to sources of El Confidencial newspaper, Repsol plans to sell 49% of its stakes in a portfolio of operating or upcoming wind and photovoltaic projects in Spain. The deal is just getting started, notes El Confidencial, and will likely be finished by the end of the year. The estimated cost...

The International Monetary Fund stated on Monday that it no longer anticipates that the British economy will enter a recession this year. However, it warned that the prognosis remained dim.   According to the IMF, the UK's GDP would likely increase by 0.4% in 2023. The poorest projection of...

Despite having only 10 days before a potential default that might destroy the US economy, US President Joe Biden and House Speaker Kevin McCarthy promised to continue their discussions. The US government's $31.4 trillion debt ceiling must be raised.   The president of the United States, a...

According to figures by Bloomberg, the daily average amount of Russian oil shipments by sea climbed close to 4 million barrels. The average daily volume of Russian oil shipments by sea came to roughly 4 million barrels over a period of four weeks, according to Bloomberg, which used its own...

Beijing's decision to exclude US business Micron Technology Inc from supplying memory chips to critical domestic industries has heightened friction in a simmering trade war with Washington and boosted shares of companies that stand to benefit from the move.   China's cyberspace...

Wall Street banks and asset managers have been bracing for the consequences of a potential default as negotiations over raising the $31.4 trillion debt ceiling for the United States government are nearing their conclusion.   A recent preparation for such a disaster was made by the financial...

Ursula von der Leyen, the head of the European Commission, revealed a new EU economic security policy at the G7 summit in Japan. The EC plans to debate this approach with the Union's member states in June. "The possibility of interdependencies turning into weapons must be understood. The European...

The New York Times writes that the oil and gas business in Canada is being impacted by the wildfires presently raging through western Canada, prompting corporations to halt operations. The newspaper stated that "the widespread fires in western Canada are also striking at the heart of Canada's oil...