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German living standards in ‘unprecedented post-WW2 slump’ – report

Skyrocketing energy prices sent real wages plummeting in 2022 more than in any year since 1950, new research has shown. Germany’s 2022 living standards took the biggest downturn since World War II, a report released by the Forum for a New Economy on Monday has suggested. The decline is attributed to the energy shocks that sent prices for…

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Revenues double at Russian McDonald’s replacement

Russian fast-food chain Vkusno i Tochka, which replaced McDonald’s after the US company left the country due to sanctions, more than doubled its revenues last year, according to an earnings report cited by Interfax.

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Sweden accuses ex-Iraqi defense chief of welfare fraud

Najah al-Shammari has been arrested in Stockholm for allegedly claiming Swedish public benefits while living in Baghdad Former Iraqi Defense Minister Najah al-Shammari has been arrested in Stockholm for allegedly receiving taxpayer-funded benefits in Sweden while living and working in his native country.

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