Economy
Gold Hits $4,000 as AI Stocks Surge
Gold’s surge above $4,000 per ounce marks a historic milestone and one of its strongest annual performances in decades, with year-to-date gains of roughly 50 to 55 percent, according to…
Category: Economy
Economy
Gold Surges Past $4,000 as Political Instability Rattles Global Markets
Gold prices soared to an all-time high above $4,000 per ounce on Tuesday, as political instability in France and Japan and a prolonged U.S. government shutdown sent shockwaves through global…
Asia
EU to Impose 50 % Steel Tariffs in Bid to Shield Industry from China
The European Commission has unveiled a plan to halve tariff-free steel imports and double duties on excess volumes to 50 %, in one of its toughest trade defence moves in…
Economy
Bulgaria admitted over 27,000 foreign workers from 77 non-EU countries to its labor market
In the first half of the year, the Employment Agency admitted 27,109 citizens from 77 non-EU countries to the Bulgarian labor market under all procedures related to the employment of…
Economy
Porsche drops from elite DAX stock index
Legendary sports and luxury car maker Porsche AG will drop from Germany’s leading DAX stock index on September 22, Deutsche Börse said, quoted by Reuters. The company, which entered the…
Economy
Bailiff sent to Czech Orthodox Church in Prague
The Orthodox Church in the Czech Republic is facing serious financial problems. Czech Television has initiated enforcement proceedings against it over unpaid fees, and its headquarters in the Prague district…
Economy
Romania begins large-scale cuts in state administration and police
Romania's Development Minister Ceke Atila announced the closure of tens of thousands of positions in local and state administration. In an interview with Antena3 TV, he announced that about 57…
Economy
Greece introduces 10-hour working day and four-day work week
The Ministry of Labor has presented a major new bill that provides for a 10-hour working day four days a week throughout the year, individual contracts with reduced working hours,…
Economy
Over 1,700 GW of renewable energy blocked in Europe due to grid congestion
€7.2 billion of renewable energy generation lost by 2024 due to lack of transmission capacity European transmission operators are not prepared to respond to the energy transformation needed to meet…
Economy
Russia Raises Taxes
Russia is preparing to raise taxes and cut spending in an attempt to maintain high defense spending as its economy buckles under the weight of financing the more than three-year…