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Economics News

A collection of 554 issues

Germany says it has been "saved" from gas shortages this winter

The head of the German Federal Network Agency (Bundesnetzagentur) said that Germany's natural gas storage facilities were more than 90 percent full and that due to the savings regime, gas consumption in 2022 was 14 percent lower than in 2021

Coinbase to pay $50 million to New York regulator

Coinbase Exchange received a $50 million fine from the New York State Department of Financial Services (NYDFS) for violating customer identification procedures. The dispute with NYDFS relates to violations discovered in 2020 and 2021. At the time, the platform failed to properly verify customer identities and monitor transactions. The company

"DCG and FTX conspired to bring Terra down" - 3AC founder

Three Arrows Capital founder Zhu Su posted a series of tweets in which he shared his perspective on the collapse of Terra and DCG's role in it. According to him, DCG was in bad shape because of its close relationship with FTX. And the two companies worked together

Binance has integrated payments through Google Pay and Apple Pay

Cryptocurrency exchange Binance has added the ability to buy cryptocurrencies through Google Pay and Apple Pay services. Thanks to this, iOS and Android owners will be able to top up their fiat deposits using these tools.

A decade of sluggish growth predicted for the world economy

Tressis Gestion expert Lacalle predicted a decade of sluggish economic growth for the world A decade of sluggish growth awaits the world economy, and developed countries will be lucky if they can achieve even a one percent annual rise in their economies, Tressis Gestion chief economist Daniel Lacalle predicted on

Will there be a real recession after all?

According to the Center for Economic and Business Research, there will be a global recession in 2023. And while U.S. officials convince investors otherwise, expensive credit and still-high inflation will continue to squeeze major economies. The world economy surpassed $100 trillion for the first time in 2022, but there

In January, gas prices in Germany will rise by 112% on average

The forecast for an increase in the price of electricity is - +44% compared to the fall of 2021, the experts predict. For a family with annual consumption of 4,000 kWh, the electricity bill in 2023 will be €1,764. Handelsblatt notes that without the support of the authorities,

Fuel imports to Ukraine in December compared to November increased by 30%,

"Fuel (gasoline and diesel) imports to Ukraine increased significantly in December. About 30% more than it was in previous months," Zheleznyak wrote in his Telegram channel. Earlier, Ivan Plachkov, chairman of the All-Ukrainian Energy Assembly and former fuel and energy minister, called the situation in the country'

Germany has completed the nationalization of the gas holding company Uniper SE

The German authorities have completed the nationalization of the German energy concern Uniper SE, the government will receive 99% of shares, the European Commission has approved the move, according to a joint statement of the German Ministry of Economy and Ministry of Finance. "The entry of the federal government

Currencies of Armenia and Georgia became world leaders in growth

According to the agency, the Armenian dram has gained 22 percent against the dollar since the beginning of the year, becoming the leader among world currencies. The Georgian lari gained 16 percent and the Tajik Somoni gained 10 percent. Bloomberg notes that remittances coming from Russia to Georgia have increased