The Australian government on Tuesday introduced plans to create a national anti-corruption watchdog. The country has debated the need for an independent commission to investigate politicians for years. In a statement, Australian Prime Minister Anthony Albanese and Attorney General Mark Dreyfus say they want to “restore confidence in and integrity […]
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Brent Oil Barrel Drops Below $85 for the First Time Since January
The price of Brent oil has fallen below $85 a barrel for the first time since January. Ongoing concerns about slowing global economic growth have been driving prices down for some time now. Brent oil is the benchmark for oil from, for example, the North Sea and the Middle East. […]
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Occupied Parts of Mykolaiv are Included in Kherson Region
Occupied parts of Ukraine’s Mykolaiv region will be incorporated into the neighbouring Kherson region. The Russian-installed administration has announced this in Kherson, the Russian state news agency TASS reported. The decision would mean that residents of Mykolaiv will also vote in a referendum on joining Russia next week. The plebiscite […]
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Allianz: Chip Shortage Costs European Car Industry 100 Billion Euros
The shortage of chips will cost the European car industry around 100 billion euros in 2021 and this year, credit insurer Allianz Trade has calculated. The chip shortage has resulted in approximately 18 million fewer vehicles being produced worldwide. According to Allianz, the European automakers were particularly hard hit. The […]
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Von der Leyen Praises Wife Zelenski for Courage and Hope
The Ukrainian people stand strong because people like President Volodimir Zelensky, his wife and their children stayed in Kyiv after the Russian invasion “to resist the ruthless face of evil”. “You have given the people courage and hope,” European Commission President Ursula von der Leyen told Olena Zelenska at the […]
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EU Ministers Meet Again in 2 Weeks to Discuss Energy Price Plans
The EU countries will discuss new plans this month to do something about the sky-high energy bills. On September 30, the energy ministers will consider the proposals they have asked the European Commission for. The ministers “will finish on September 30 what we started last week”, tweets the energy minister […]
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Prime Minister Truss Bets on British Energy in First Question Hour
British Prime Minister Liz Truss plans to extract more oil and gas from the North Sea and invest more in nuclear energy. “I want us to generate and use more of our energy,” she said during her first question time in parliament on Wednesday. Truss said he was against imposing […]
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Liz Truss Allocates £130 Billion to Freeze Energy Bills
The upcoming British Prime Minister Liz Truss wants to allocate up to 130 billion pounds in the coming year and a half to protect households from significantly higher energy bills. The Bloomberg news agency documents say she wants to block a previously announced price hike for electricity and gas and […]
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Wall Street Remains Closed for Labor Day
Stock exchanges in New York will remain closed on Monday for Labor Day. Workers’ Day is always celebrated in the United States after the first weekend in September. Trading will resume on Wall Street on Tuesday. US President Joe Biden is taking a holiday to visit unions in Pennsylvania and […]