The elevated costs of flour, nuts, eggs and even electricity are forcing bakers to increase their prices and cut their production.
Tag: Eurozone
Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
Your Friday Briefing
A possible deal on Ukraine’s blocked grain.
France Will Renationalize EDF
The state already has a majority stake in France’s main electricity and nuclear company. The move reflected President Emmanuel Macron’s desire to champion economic and energy sovereignty.
Macron to Face Le Pen for President as French Gravitate Toward Extremes
President Emmanuel Macron and the hard-right leader Marine Le Pen will compete for a second time in a runoff on April 24.
Mario Draghi Saved the Euro. Can He Now Save Italy?
Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.
Angela Merkel Guides the E.U. to a Stimulus Deal, However Imperfect
With her long experience as German chancellor, she shapes a necessary compromise on virus aid for the battered European south. But it’s consensus at a cost.
Can Angela Merkel Seal Her Legacy With a Coronavirus Rescue Deal?
Angela Merkel has been the German chancellor for 15 years. Forging European consensus on a bitterly disputed recovery fund could burnish an uneven record.
E.U. Backs Half-Trillion Euro Stimulus, but Balks at Pooling Debt
While E.U. finance ministers approved a plan to spend 540 billion euros to lift their economies, they couldn’t agree to take the unprecedented step of issuing joint bonds.
As Europe Confronts the Coronavirus, What Shape Will Solidarity Take?
Contentious talks over how to help economies decimated by the virus have become a pivotal political moment for the world’s richest bloc of nations.