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.
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Windfall tax on energy sector will make it harder to keep ageing reactors running, operator says Two nuclear power plants in the UK are at risk of being closed next year as a result of thewindfall tax approved by the British authorities, The Sunday Telegraph reported on Sunday, citing French grid operator Electricite de France…
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Croatia switched to the euro and entered the Schengen free-movement zone on Sunday, marking two major milestones for the Balkan nation, which joined the European Union nearly a decade ago. Zagreb’s bid to adopt the euro was approved by the EU Council in July, marking the first expansion of the currency bloc in almost a…
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