ENERGY PRICES
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ECONOMIC DIVIDE
Energy prices drowning the US, EU
The worldwide energy shortages are not solely a result of the US war of aggression against Iran, but this illegal war has certainly exacerbated the shortages being felt around the world, including in the US.
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GERMANY
German unions warn of large-scale job losses due to high electricity prices
Several trade unions in Germany warn of the severe consequences of soaring energy costs in the country, saying hundreds of thousands of jobs are at risk due to high electricity prices exceeding international standards.
EU
Thousands of Italians protest high cost of living, weapons sale to Ukraine
Thousands of Italians hold protests against high cost of living and energy prices, calling for the suspension of the shipment of weapons and money to Ukraine.
EU
Eurozone to fall into recession this winter amid soaring energy prices
The European Union has warned that the eurozone is set to slide into recession over the winter with Brussels hiking inflation forecasts for 2022 and 2023 amid soaring energy prices.
POLITICS
Biden’s energy policy ‘costly’ and ‘dangerous’; meant to win election: Expert
US President Joe Biden has heightened efforts to reduce gasoline prices, taking a series of actions that industry experts say are “costly and dangerous” and a “desperate political" move to win the midterms.
GERMANY
Massive rallies held in EU against Russia sanctions, soaring energy prices
Protests are held in some of the EU’s major capital cities against soaring inflation and the rising costs of living caused by sanctions imposed on Russia.
REPORTS
Germany fears soaring energy prices could trigger deeper crisis
As Germany's energy crisis deepens, a think tank has warned that the country will fall into recession next year.
FRANCE
Macron warns French public of difficult time amid soaring energy prices
President Emmanuel Macron of France says tough months are ahead as his administration braces for energy price hikes due to the war in Ukraine.
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