The nation also intends to lower the unemployment rate to 8%, according to Prime Minister Kyriakos Mitsotakis. Greece wants to cut the unemployment rate from the current 11.4% to 8% by 2027 and to lower the national debt from 171.3% of GDP in 2022 to less than 140% of GDP. In his presentation of the new government's policy pronouncements to MPs on Thursday, Prime Minister Kyriakos Mitsotakis said...

The US Federal Reserve (Fed) plans to increase the benchmark interest rate at a slower rate than it has in the past few months. This is demonstrated by the report on Wednesday regarding the steering committee meeting of the Federal Open Market Committee that took place on June 13–14. As a result of its findings, the Fed kept the prime rate at 5.00–5.25% as anticipated. According to the...

In order to lessen price volatility, G20 nations should work toward easing export restrictions, particularly for goods like food, feed, and fertilizer, Ngozi Okonjo-Iweala, Director General of the World Trade Organization (WTO), commented on the release of a WTO report on current trade restrictions on Tuesday. "It is encouraging that G20 nations have taken extra measures to make imports easier,...

Geoffroy Roux de Bezieu, the leader of the Movement of the Enterprises of France, said that over €1 billion in losses were incurred by French businesses and banks as a result of the riots. It's too early to identify the precise figure, he said. According to the Movement's assessment, 200 stores were totally looted, 300 bank branches were damaged, roughly 250 tobacco shops were robbed, and some...

The international consulting firm BCG released its yearly study on the dynamics of world wealth. The quantity of financial wealth declined by 4%, to $255 trillion at the end of 2022 due to rising global inflation and the armed crisis in Ukraine, while the overall increase in wealth was only 1%. Analysts, however, believe that positive dynamics will resume this year and that growth will increase...

Tokyo sees hydrogen as a possible alternative energy source, and the nation needs minerals to make batteries for electric automobiles. Japanese authorities have created a plan to improve relationships with nations that export minerals and hydrogen for the benefit of the decarbonization process and economic growth, reported NHK Channel. While Tokyo needs minerals for the manufacture of batteries...

The US was aware of Prigozhin's plans to start a mutiny, but kept quiet so that Russian authorities would not suspect the West of being engaged in the coup attempt, CNN writes. CNN’s sources told that American intelligence was aware of Russian mercenaries’ leader Yevgeny Prigozhin's ambitions to arrange an attempted coup in Russia well in advance. Prigozhin is the founder of the private military...

German Federal Minister of Finance Christian Lindner told Die Welt that it is impossible for Germany to make additional payments to the EU budget due to Germany's extensive assistance to Ukraine. He also asked that Berlin not be bothered any longer by requests for payments to the EU, calling instead for Berlin to look for alternative sources of funding. The minister claims that because of the...

According to the news agency Europapress, which cited anonymous officials in the Spanish government, a project to build a hydrogen pipeline between Barcelona and Marseille (H2Med) has achieved the first favorable technical certification from the European Commission and can now apply for finance from the EU. French President Emmanuel Macron announced the extension of the hydrogen pipeline (H2Med)...