The step is intended to cushion a growing energy crisis in Europe but could upend the country’s plans to become the first industrial power to shutter its program.
Tag: Economic Conditions and Trends
Rising Energy Prices and High Inflation: The Economic Issues Facing Liz Truss
Consumer prices in Britain are rising at their fastest pace in decades, as the inflation rate exceeds 10 percent and is expected to keep climbing.
Europe’s Leaders Vow Economic Relief, Fearing Unrest
Germany, Sweden and the Czech Republic announced measures to populations feeling the bite of rising inflation and energy costs tied to war in Ukraine.
Germany Announces $65 Billion Relief Package Amid Soaring Inflation
Berlin aims to ease the burden on citizens facing soaring inflation and surging energy costs that have worsened with Russia’s invasion of Ukraine.
Will a Renewed Iran Nuclear Deal Cut Energy Prices?
A successful deal to restrain Iran’s nuclear program would mean that Washington lifts tough sanctions on Iran’s oil and gas exports. But it may already be too late for that to help this winter.
Debt-Stricken Sri Lanka Reaches Initial Deal for I.M.F. Bailout
The package includes nearly $3 billion in loans for an island nation that ousted its president amid a devastating economic crisis.
U.K. Prime Minister Race Ends With Little Focus on Economy
The contest to succeed Boris Johnson as Conservative Party leader and prime minister has often seemed divorced from Britain’s fast-growing problems.
U.K. Energy Price Cap to Rise 80%, Regulator Says
A regulator detailed the latest increase in gas and electric charges, driven up by the war in Ukraine and expected to further stoke inflation.
Economic Neglect and Political Instability Unraveled Tunisia’s Democracy
Tensions across the religious-secular fault lines in the country could not be reconciled, and freely elected leaders failed to deliver on the 2011 uprising’s cry for bread, freedom and dignity.
Hungary’s Viktor Orban Faces a New Foe: Economics
The Hungarian leader is being confronted with soaring inflation and a depreciating currency linked to unsustainable spending by his government.