Europe
The country's unemployment rate currently stands at 3.6 percent, a figure that was expected to be 3.8 percent. The situation is similar to the U.S. model, where the labor market looks strong at the risk of recession. However, the U.K. situation is much closer
Europe
The new EU bill to combat the energy crisis does not include measures to cap the price of gas. The document only includes an innovation in the form of a tax on excess profits of energy companies. The EU cannot agree on a price ceiling because some EU countries are
Europe
Portuguese "golden visa" - a program for immigrants who invest in real estate worth 500 thousand euros or create 10 jobs in Portugal. The Service for Foreigners has received 10 requests for a "golden visa" from Russian citizens since the beginning of the EAS. All applications
Europe
Nigeria will triple its gas production from 206bn cubic meters to 600bn. In addition, Nigeria will build a pipeline through Algeria, which will deliver gas directly to Europe.
Finance
The business activity index rose to 49.2 compared to 48.9 last month and 48.1 was expected. The U.K. economy has been stronger than European countries. Developers in the UK were not much affected by the energy crisis. At the same time, they are optimistic about the
Europe
At the moment, Germany's natural gas storage facilities are 86 percent full. Germany's dependence on Russian gas has a strong negative impact on the economy. Today the business activity data came out, which confirms these arguments. Gas prices will potentially rise throughout the fall and winter
Europe
The composite business activity index declined to 46.9 from 48.1 a month earlier. The main reason for the slowdown was a sharp rise in energy prices. On top of that, supplies via the Server Stream have been halted due to equipment malfunctions. And gas prices may exceed $4,
Europe
An Iraqi delegation plans to travel to Germany for talks on oil exports. Iraq recently received requests from India and China to increase its oil supply.
Europe
23% of Britons have decided not to turn on the heating this winter, 69% plan to turn it down, and 11% are thinking about taking out a loan to pay their energy bills. The NYT analysts estimate that household energy bills in Great Britain will rise by 80%. Because of
Europe
"Gas supplies in Germany are currently stable, but the situation is tense and further deterioration cannot be ruled out," the agency said. However, the storage situation in the EU is developing more positively than a year ago. The level of gas storages in Europe has now reached the
Europe
The reason is the rising cost of electricity and food. Electricity accounts for about 12 percent of household spending in Britain. And food prices have jumped because of higher fertilizer and energy costs. At the same time, business and manufacturing activity indices are falling sharply in Britain.
Europe
Gazprom's analysts had previously forecast $4,000 per thousand cubic meters. Gas prices in Europe have already increased fivefold since the beginning of the year. Such gas prices will accelerate inflation in the EU, as well as lead to higher prices of other energy carriers. In this case,