Category Financial News

Finance is a term for the management, creation, and study of money and investments. Specifically, it deals with the questions of how an individual, company or government acquires money

Russia extends restrictions on money transfers

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Photo by IGORN on Pixabay Reading time: < 1 minute The Central Bank of Russia announced on Thursday that it has extended the restrictions on money transfers abroad until March 31, 2023, Reuters reports. Russian citizens as well as those…

David Malpass, head of the World Bank warns of

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Reading time: 2 minutes The President of the World Bank, David Malpass, has warned that it could take several years for global energy production to diversify, prolonging the risk of stagflation, or a period of low growth and high inflation,…

Enel Italia agrees to increase gas prices

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Photo by KWON JUNHO on Unsplash Reading time: < 1 minute Enel SpA has concluded an agreement with the Algerian state firm Sonatrach, according to which the Italian utility company will pay more for natural gas, following the increase in…

For the second day in a row, oil prices increase by

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Reading time: 2 minutes Oil prices rose more than $3 a barrel for a second straight day on Wednesday, recovering from recent losses as the U.S. dollar pared gains while U.S. fuel stockpile figures showed bigger-than-expected declines and a recovery…

The Austrian model | You want state aid for energy

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Reading time: < 1 minute Austrian companies applying for state aid to cover energy costs will have to avoid certain resource-wasting activities, such as keeping shop lights on after 10pm, heating terraces or letting chairlifts heat passengers’ backs, the Austrian…

London, the biggest tax cut in the last 50 years

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Reading time: 2 minutes The British government presented on Friday the most radical package of tax cuts since 1972, reducing the tax burden on both employees and companies, and at the same time announced a significant increase in borrowing, all…

Volkswagen warns that it will transfer production from

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Photo by Daniel Andraski from Pexels Reading time: 2 minutes German auto group Volkswagen could transfer production activities from Germany and Eastern Europe if problems with natural gas supplies continue, the latest sign that the energy crisis triggered by Russia’s…

Greece’s only LNG terminal boosts imports

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Reading time: 3 minutes Greece has halved its Russian gas imports this year thanks to increased deliveries from other gas producers at its only liquefied gas terminal on the island of Revithoussa near Athens, the pipeline operator’s chief executive said…