By the end of March next year, the European Central Bank will have completed its asset purchase program as part of its anti-crisis quantitative easing initiative. At the same time, the authority will expand asset purchases under the baseline program to €40 billion per month in the second quarter and €30 billion in the third quarter of 2022. Experts refer to the ECB's shift in policy as "soft...

The EU summit in Germany will discuss rising energy prices; there is no evidence of market manipulation, a source in the German chancellor's office told reporters in Berlin. "The EU summit on Thursday will also discuss energy prices. This is a very acute and urgent problem. Rising energy prices have become a problem for many EU countries... From our point of view, the European Commission has done...

The omicron strain has been identified in 63 countries and is expected to surpass the delta strain in the rate of spread worldwide, indicates the World Health Organization's technical information related to the new variant of the coronavirus. "As of 9 December 2021, human cases of infection with this variant have been identified in 63 countries in all six WHO regions," the circulated document...

According to the National Institute of Statistics and Geography, yearly inflation in Mexico hit 7.37 percent in November. Local newspaper Milenio reports that this is the country's highest consumer price level since January 2001. In November, Mexico's inflation rate was nearly 2.5 times the central bank's target of 3%. Consumer prices increased by 1.14 percent in November compared to October....

During the coronavirus pandemic in 2020, inhabitants in 37 developed countries lost a total of 28 million years of life, states a research by an international team of demographers. The countries with the most such losses were Russia, Bulgaria, Latvia, the United States, and Poland. According to the report, increasing viral mortality among relatively young people contributed to these countries'...

The International Monetary Fund (IMF) has warned that the emergence of new COVID-19 strains could jeopardize the global recovery. This was revealed by IMF Chief Economist Gita Gopinath during an online conference hosted by the International Financial Forum last weekend. Ms. Gopinath stated that the IMF's previous predictions had downside risks. She believes that the proliferation of the Omicron...

The World Inequality Report 2022, produced by the French research organization World Disparity Lab, which examines global inequality, claims that the pandemic has greatly exacerbated wealth inequality. According to the report, 2,750 billionaires now control 3.5 percent of the world's wealth, up from 1% in 1995. Global wealth disparities increased at an unprecedented rate during the epidemic,...

China's economy will soon be two to three times the size of the US economy, said US entrepreneur and SpaceX founder Elon Musk. He noted that the US has the largest economy in the world "for a long time". "Now we are approaching a situation where China's economy could conceivably be two to three times the US economy. It's just a different world," Musk said in an interview on a video conference...

According to a research issued by the International Energy Agency (IEA), renewable energy output would grow by 288.9 GW by the end of this year. This will shatter the capacity growth record set in 2020. Solar panels, wind turbines, and other renewable energy sources are gradually being installed throughout the world, according to the agency. As a consequence, their total production this year will...