KEY POINTS —Egypt, the Arab world’s most populous country, alone imports 80% of its wheat from Ukraine and Russia. —Lebanon, already years into a crippling debt and inflation crisis, imports 60% of its wheat from the two warring countries, which … Read More
WASHINGTON/KYIV — Russia looms large in world energy markets. It supplies 40 per cent of the gas consumed in the European Union, and this is a particularly important economic issue for Germany, Italy, and Austria. But Russia’s global energy footprint … Read More
The coronavirus pandemic is slowing global commerce to a crawl, but many of the world’s largest economies are taking extraordinary actions to propel them through the crisis. A pedestrian wearing a protective face mask amid the the coronavirus (COVID-19) outbreak … Read More
Euroscepticism is running high as the EU abandons the beleaguered country to its pandemic fate. Europe is heading into its most severe economic crisis for decades. Its two biggest economies — Germany and France — are already in freefall. Germany … Read More
The value of Iran’s currency hit record lows as a result of the US sanctions – AFP The United States reinstated economic sanctions on Iran after President Donald Trump abandoned a landmark nuclear deal in May 2018. Mr. Trump says … Read More
The Church of Our Lady before Tyn, right, stands among residential and commercial property on the city skyline in Prague, Czech Republic, on Thursday, Jan. 4, 2017. The Czech Republic posted its biggest ever budget surplus last year after the … Read More
LAST year, 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967 – the year that the London Gold Pool collapsed. The gold repatriations by many European countries of the last few … Read More
Christine Lagarde has been proposed for the presidency of the European Central Bank ( AFP/Getty Images ) European Union leaders have agreed on who should next fill the bloc’s top positions following a marathon summit. European Council President Donald Tusk announced … Read More
The European Union’s leaders have thrown their weight behind German Defence Minister Ursula von der Leyen to become the new president of the European Commission, a development that came after a marathon of contentious talks that saw Europe’s political heavyweights abandon the … Read More
The three Northern Triangle nations have done little to provide for the poor. Central American refugees ride a cargo truck in Mexico. Photographer: Alejandro Cegarra/Bloomberg Honduras, Guatemala and El Salvador are, by all accounts, countries ravaged by gang violence, drug trafficking and … Read More