Europe
According to the media, this initiative was put forward by the leftists led by Jean-Luc Melanchon, who came in third place in the voting for the French presidency in the last election. However, for a successful motion of censure the votes of 289 deputies are needed, while Melanchon's
Finance
* Boris Johnson's former government health minister spoke out against his former leader. Javid Sajid called on the Conservatives to change their minds and vote against Boris Johnson. * However, the prime minister himself is not going to announce his resignation and is confident that a vote of no confidence
Europe
This month, Switzerland held the first talks with Germany on a planned cooperation agreement on gas supplies. "We cannot rule out gas shortages this winter, we can resort to rationing if necessary," the government said.
Europe
According to Citigroup, industrial gas use in the UK alone fell by about 49% in June compared to May. The drop in consumption is due to reduced exports from Russia via the Nord Stream pipeline. Europe has already seen a 15-20% drop in gas demand due to high prices, and
Europe
Powell believes that the current economic situation creates barriers for real estate developers. Powell: Current wage growth is incompatible with 2% inflation. However, we don't want to slow the rate of wage growth. We need more "sustainable" measures. Lower inflation will get the economy back on
Europe
Action is expected to combat "fragmentation" in the currency bloc, trading data show. As of 1 p.m., the euro to dollar exchange rate is rising to $1.0533.
Bank
The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising
Bank
The U.K. has unveiled a bill canceling part of the Brexit agreement it signed with the European Union. There are risks of a trade war between the parties, as well as additional threats to Johnson's political position. Under the provisions of the bill, Britain no longer plans
Europe
The chancellor noted that Germany cannot currently afford lengthy planning and permitting processes for renewables. Scholz added that energy policy is now equivalent to the country's security policy.
Finance
The Hungarian authorities have adopted prohibitive measures for foreigners wishing to fill up their cars at gas stations in the country. The Hungarian authorities explained this measure by the fact that "gasoline tourism has flourished in the country, which has jeopardized the uninterrupted supply. Gasoline prices are now frozen
Europe
* A rate hike in the EU could threaten a recession. However, a tighter ECB policy would allow the euro to recoup losses against the dollar, which could reduce imported inflation from the U.S.
Manufactures
"Gazprom writes that the provisions of the new presidential decree of May 4 clarify the scheme for settlements in rubles proposed in late March. It follows from the new decree that foreign currency will be translated into rubles through the National Clearing Center. "Gazprom argues that the procedure