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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ECB pressuring banks to leave Russia 

Doing business in the sanctioned country poses a reputational risk, the European Central Bank has warned The European Central Bank (ECB) has urged lenders to speed up their withdrawal from Russia due to increased risks of doing business in the sanctioned country, the Financial Times reported on Tuesday, citing top banking supervisor Claudia Buch.

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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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