Economy

Russia And The Gas Supply: Possible Scenarios

One of course wonders how Russia's possible invasion of Ukraine would implicate gas prices and the general gas supply. Everyone here depends on possible scenarios. Still, regardless of all of them, it is unlikely that Europe would cut itself completely off from Russian gas. To understand the likelihood of each scenario, one needs to assess ...

15:00 Et February 9, 2022

EU’s chip production plan aims to ease dependency on Asia

The European Union announced a $48 billion plan Tuesday to become a major microchip producer to try to curb its dependency on Asian markets for the component that ...

15:10 Et February 8, 2022

General Motors sees decline in fourth quarter profit, beats estimates

US carmaker General Motors fourth quarter profit decreased from the same period last year, but still beat estimates, with hopes for steady earnings ahead. The company's earnings came in ...

15:00 Et February 2, 2022

Oil Edges Higher Ahead Of OPEC+ Oil Producers Meeting

Oil prices posted limited gains on Wednesday over an estimated drop in US crude inventories and fading fears of the omicron impact on demand, while uncertainty over the ...

13:15 Et February 2, 2022

Euro Area Unemployment At 7% In December

Unemployment in the Euro area stood at 7% in December, down from 7.1% in November and from 8.2% in the same month last year, the bloc's statistical office ...

13:30 Et February 1, 2022

Bank Credit in Morocco Up by 3.4% in Dec. 2021

Bank credit to the non-financial sector in Morocco increased, year-on-year, by 3.4% in December 2021, after 4% a month earlier, according to Bank Al-Maghrib (BAM). This rise reflects ...

17:00 Et January 31, 2022

EU and US working to ensure European gas supplies amid conflict fears

The EU and US announced plans to ensure a stable supply of energy to Europe on Friday as fears grow that Russia might invade Ukraine, unleashing war in the ...

18:00 Et January 29, 2022

Toyota Becomes Top Auto Seller In 2021

Japan's Toyota retained its title as the top car seller of 2021, according to a press release on Friday. Toyota sold 10.5 million vehicles globally in 2021. The ...

15:00 Et January 28, 2022

Russia denies it will cut gas to Europe if sanctions imposed

The Kremlin has dismissed fears that Russia could turn off the gas tap to Europe in the event of sanctions over its troop build-up on the border with Ukraine. "Russia has impeccably fulfilled its treaty obligations in the most difficult moments of confrontation between East and West," Kremlin spokesman Dmitry Peskov said Monday in Moscow, ...

16:30 Et January 25, 2022

Turkey's inflation seen dropping to about 27% by end of 2022

Already rampant inflation in Turkey will rise further in the coming months before declining to around 27% by the end of the year, a Reuters poll showed on ...

11:35 Et January 17, 2022
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