Economy

Fed raises rates for first time in three years! Policy rate reaches 4% ceiling

The Federal Reserve has announced the rate decision that global markets had been awaiting for weeks. With inflation remaining above…

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Greece Cost of Living: A Real Monthly Budget in Euros

What does it really cost to live in Greece in 2026? A practical monthly budget breakdown in euros, covering rent,…

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After years of the crisis: Lufthansa flies again profit

Lufthansa has made a clear profit again after two years of loss during the Corona crisis. The net profit was…

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BASF plans to cut 2,600 jobs

There are also cuts at the Ludwigshafen site. According to its own statements, the world’s largest chemical company BASF wants…

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PayPal is lay off seven percent of its employees

In view of the difficult economic environment, the online payment service PayPal wants to get rid of around seven percent…

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Bankruptcies: Biden Demands Stricter Rules

US President Joe Biden has called for tightening rules for US banks following the collapse of California’s Silicon Valley Bank…

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How dangerous is the SVB collapse?

It is the biggest bank collapse since the financial crisis of 2008: The Silicon Valley Bank (SVB) collapsed in the…

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Joe Biden wants to raise taxes on the rich

But he has little chance of surviving in the Republican-dominated Congress. The US government under President Joe Biden has presented…

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Germany: Coal share in electricity rises to one third

Coal was the most important source of energy for electricity production in Germany last year – and it has become…

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Fear of recession and interest rates: oil prices plummet

Oil prices started the new trading week on Monday with significant discounts. In the morning, a barrel (159 liters) of…

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50 Billion Francs to Credit Suisse!

The Swiss bank Credit Suisse, which has come under pressure, has borrowed CHF 50 billion from the country’s national bank.…

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Credit Suisse triggers new earthquake

The papers of the crisis-plagued Credit Suisse have collapsed by almost 24 percent today. They fell to a record low…

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