Category: NEWS

Sanctions Against Budapest-Based Bank & Executives

Punitive measures targeting the bank and its senior officials came as a part of a new sanctions package imposed by the U.S. against more than 120 organizations and individuals in more than 20 countries.

Biden’s U.S. Goes on Diplomatic Offensive Against Hungary

Billboards in Budapest, sponsored by the U.S. Embassy, contradict the official position of the Hungarian government, which from the outset of the war has called for the West to pursue “a cease-fire and peace talks.”

Germany Greenlights Uniper Bailout

Germany Greenlights Uniper Bailout

According to multiple sources, the Uniper bailout will not prevent a rise in energy prices, specifically on natural gas.

July 26, 2022
Russian Oil Exports Keep Rising

Russian Oil Exports Keep Rising

While some media sources claim that Russian exports to Asian markets have fallen, others point in the opposite direction.

July 25, 2022
Laurent Wauquiez Declines the Presidency of Les Républicains

Laurent Wauquiez Declines the Presidency of Les Républicains

The political line that Laurent Wauquiez wants to promote is a conservative one that stands in opposition to wokism and the revival of the extreme Left with the NUPES.

July 25, 2022
Germany Dumps 3.9 Million Vaccines

Germany Dumps 3.9 Million Vaccines

The health ministry originally feared as many as 10 million doses would have to be thrown out, until it emerged that the BioNTech-Pfizer vaccine can be stored for longer than initially thought, downgrading the estimated waste to 3 million doses.

July 25, 2022
Director of Documenta Resigns Following Antisemitism Scandal

Director of Documenta Resigns Following Antisemitism Scandal

The resignation of the managing director of documenta may be seen as a sacrifice to calm the waters, but this requires the media to ignore the countless other scandals taking place at the art exhibition.

July 24, 2022
Fire Liars: Spain’s Climate-Change Laws and Industry to Blame

Fire Liars: Spain’s Climate-Change Laws and Industry to Blame

Despite clear evidence to the contrary, politicians continue to misrepresent the source of Spain’s fires as the consequence of climate change.

EU and Russia Play Cat and Mouse with Gas and Gold

EU and Russia Play Cat and Mouse with Gas and Gold

The flagship measure is a ban on Russian gold imports, to align EU sanctions with those of the G7, which decided to sanction Russian gold last month.

July 24, 2022
Ukraine’s Request for Payment Deferral Accepted

Ukraine’s Request for Payment Deferral Accepted

The debt relief comes as Ukraine is facing $1.2 billion of debt payments due at the beginning of September, and a serious shortfall in cash flow—due to the Russian invasion that began at the end of February.

July 24, 2022
EU Public Finances Improving

EU Public Finances Improving

For the EU as a whole, total government debt declined from the fourth quarter of last year to the first quarter of 2022. Three countries with large deficits saw significant improvements, and twelve experienced a reduction in their deficits.

July 23, 2022
Major Raise for EU Officials Expected

Major Raise for EU Officials Expected

The planned salary increase is likely to generate criticism from member states, which are busy preparing their citizens for the upcoming austerity phase.

July 23, 2022
Turkey Discovers World’s 2nd Largest Rare Earth Element Reserve

Turkey Discovers World’s 2nd Largest Rare Earth Element Reserve

With the discovery of the second largest rare earth element reserve in the world, Turkey is hoping to boost its own ‘Turkish Economy Model’ and develop a high-end product industry to compete on the international stage.

July 23, 2022
EU Commission to Propose 15% Gas Reduction

EU Commission to Propose 15% Gas Reduction

The Commission wants to make member states save gas and then be able to redistribute the block’s overall supply as a response to the possibility of Russia cutting off Europe’s gas supplies.

July 22, 2022