Interest rate hikes came too late to stop a price surge in the short term, German industry groups say German consumers should not expect price spikes to subside in the coming months, the Federation of German Industries (BDI) said in a survey of major industry groups, published by Reuters on December 30.

The 118th United States Congress will be inaugurated on January 3, 2023, ushering in a number of changes, including Republican control of the House of Representatives and an attendant flip of the office of the speaker. That means that long-time Democratic Party leader Nancy Pelosi will have to give up her gavel and hand it…

The arrival of a huge walrus in the British port town of Scarborough on the North Sea thwarted the local authorities’ New Year celebration plans. The huge mammal, nicknamed Thor, was seen resting in the harbor area on Friday and had previously been spotted on the beaches of Hampshire in early December, as well as…