Asian stocks fell again on Tuesday after the continued sell-off on Wall Street. Fears that the US Federal Reserve will intervene harder than expected to combat high inflation have gripped markets. The Fed will make an interest rate decision on Wednesday and may then raise interest rates by 0.75 […]
Read Time : 1 Minutes
UK Economy Contracted for Second Month in a Row in April
Fears that the British economy will end up in recession have increased again. The economy shrank for the second month in a row in April under the pressure of sky-high inflation. In addition to rising prices, supply chain problems are also hampering business activity in the country. According to […]
Read Time : 1 Minutes
NASA to Investigate UFOs
The American space agency NASA will start a major study into UFOs in the fall. The organization announced Thursday that knowledge of “unidentified aerial phenomena”, as it officially calls UFOs, is important for aviation safety and national security. According to NASA, there is no evidence that these phenomena have […]
Read Time : 1 Minutes
Volkswagen Offers Russian Employees A Severance Package
The German automaker Volkswagen would offer workers at one of its Russian factories compensation if they left the factory voluntarily. That writes the Russian newspaper Kommersant. According to the newspaper, the offer would in some cases amount to six months’ salary for the approximately 200 employees at the factory […]
Read Time : 1 Minutes
Governor: Chance of Ukrainian Army Withdrawing in Severodonetsk
Ukrainian forces in Severodonetsk may have to withdraw to more defensible positions in the eastern city. The governor of Luhansk, Sergei Gaidai, said this on television on Wednesday. He added that Ukraine does not intend to give up Severodonetsk. The governor said Russia is already conducting 24-hour air strikes […]
Read Time : 1 Minutes
Australia Raises Interest Rates Again to Fight Inflation
The Australian central bank has again raised its key interest rate in the country. It was the second interest rate hike in a row. With the increase, the central bank wants to combat high inflation in the country. Like many other countries, Australia is struggling with rising food and […]
Read Time : 1 Minutes
President Biden Hosts Summit of the Americas
US President Joe Biden will host the Ninth Summit of ‘the Americas’ or the North, Central and South America Summit in Los Angeles. The last summit was in 2018. Biden has not invited the left-wing leaders of Cuba, Nicaragua and Venezuela because of human rights violations and that is […]
Read Time : 2 Minutes
Asian Investors Fear Central Banks Inflation Approach
Stock markets in Asia were mostly down on Thursday. Investors were cautious after new signals that central banks like the US Federal Reserve are looking to step up their efforts to tackle high inflation. There are fears that this could affect economic growth. Furthermore, the financial markets reacted to […]
Read Time : 1 Minutes
Switzerland Blocks Delivery of Armoured Vehicles to Ukraine
The Swiss government has again blocked the delivery of war equipment to Ukraine. Bern vetoed a Danish request to supply armoured vehicles produced in Switzerland to the Eastern European country. Denmark had wanted to send about twenty armoured cars of the type Piranha III, according to the Swiss public […]
Read Time : 2 Minutes
Australian Labor Party Gains Majority in Parliament
Australia’s Labor Party has secured enough seats to secure a majority in parliament, new Prime Minister Anthony Albanian said on Tuesday. According to his party, it looks like Labor will get 76 seats, just enough for a majority. This number may increase to 77 seats. As a result, the […]