Germany’s manufacturers jacked prices for their products 45.8 percent in September, year over year, continuing the string of increases made in recent months.
Tag: Europe
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FRANCE CONTINUES TO FACE LARGE-SCALE PROTESTS OVER COST OF LIVING
About 100,000 people in France took to the streets on Tuesday to lash out at the rising costs of living and called for higher wages to make up for soaring inflation and energy bills.
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GIVE US THIS DAY OUR DAILY BREAD: FRENCH CAN’T SWALLOW SURGING PRICES
As Europeans face soaring energy prices and inflation, the French are also dealing with a surge in costs for a dietary staple that has—at least partially—already been blamed for starting a revolution: bread.
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EU’S BORRELL SAYS RUSSIAN ARMY WOULD BE ‘ANNIHILATED’ IF PUTIN USES NUKES IN UKRAINE
Josep Borrell, the European Union’s foreign policy head, said at an event in Belgium on Thursday that Russia’s military would be annihilated by overwhelming force if Moscow used nuclear weapons during its war with Ukraine.
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MASSIVE PROTESTS BREAK OUT IN PARIS OVER SOARING PRICES
Thousands took to the streets of Paris on Sunday to express outrage over soaring prices—adding new pressure to Paris after earlier strikes at oil refineries and nuclear power plants.
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MASSIVE PROTESTS IN PRAGUE: THE WORST IS YET TO COME
Tens of thousands of people again took to the streets in the Czech Republic’s capital Prague last week to voice outrage over the country’s energy crisis due to sanctions against Russia in what could be an early indicator of what other capitals may face as winter takes hold.
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NEW U.K. STIMULUS PLAN POUNDS DOWN POUND
To revive the British economy and snatch it from the brink of recession, newly appointed Prime Minister Liz Truss’s new government proposed the sharpest tax cuts in 50 years and pledged to cap household utility bills. In August, inflation in the U.K. ran at almost 9.9 percent. The Bank of England has raised its key...