Inflation in the eurozone climbs five tenths in June, up to 8.6%

Inflation in the eurozone climbs five tenths in June, up to 8.6%

Brussels, Jul 1 (EFE).- Eurozone inflation rose five tenths in June and stood at 8.6% in annual rate, according to preliminary data published this Friday by the Eurostat community statistics office. June becomes the month with the highest year-on-year inflation so far this year, after the increase in prices was 5.1% in January, 5.9% in … Read More

Germany bets on a return to austerity despite the war in Ukraine

Germany bets on a return to austerity despite the war in Ukraine

Berlin, Jul 1 (EFE) .- The German Council of Ministers approved this Friday a budget project for 2023 with which it will return to the path of austerity, despite the insecurity derived from the war in Ukraine and its economic repercussions. For the first time since 2019, Germany wants to comply with the so-called «debt … Read More

A vegan burger flavored with human flesh wins an award at the Cannes Lions International Festival of Creativity

Una hamburguesa vegana con sabor a carne humana gana un premio en el Festival Internacional de Creatividad Cannes Lions

Published: 1 Jul 2022 12:45 GMT The burger, made from soybeans, mushrooms, vegetable fats and spices, was first presented on the eve of Halloween last year and, according to its creators, tastes very realistic. An unusual human meat-flavored burger from Swedish plant-based food brand Oumph! won a Silver Lion on Wednesday at the Cannes Lions … Read More

Former boxer Vladimir Klichkó says that Joe Biden confused him with his brother Vitali, the mayor of kyiv: «It happens to me very often»

Exboxeador Vladímir Klichkó cuenta que Joe Biden lo confundió con su hermano Vitali, el alcalde de Kiev: "Me pasa muy a menudo"

Published: 1 Jul 2022 09:40 GMT The scene of confusion with the US president took place this week during the NATO summit in Madrid. Ukrainian former professional boxer Vladimir Klichko said he is often confused with his brother Vitali, also a former boxer and current mayor of kyiv, adding that it recently happened to US … Read More

Colombia raises rate by 150 basis points in defiance of Petro

Colombia raises rate by 150 basis points in defiance of Petro

(Bloomberg) — Colombia’s central bank delivered its biggest interest rate hike in more than two decades, potentially putting itself on a collision course with President-elect Gustavo Petro as policymakers step up their battle against above-target inflation. The council raised the interest rate by 150 basis points to 7.5%, manager Leonardo Villar told reporters after Thursday’s … Read More

South American currencies experienced a June to forget

South American currencies experienced a June to forget

(Bloomberg) — South American currencies weakened in June as interest rate differentials — which worked in their favor in the first five months of the year — began to lose their appeal among carry traders. The Chilean peso experienced its worst month in more than a decade, while the Colombian peso and the Brazilian real … Read More

Argentina grows above estimate at the beginning of the second quarter

Argentina grows above estimate at the beginning of the second quarter

(Bloomberg) — Argentina’s economy expanded more than expected in April, continuing a wobbly trend at the start of a difficult second quarter. Economic activity expanded 0.6% in April from March, above economists’ expectations for 0.4% growth. In the year-on-year comparison, the economy expanded 5.1%, according to government data published on Thursday. Inflation, currently at 61%, … Read More

Brutal first half of the S&P 500 has little bearing on the future

Brutal first half of the S&P 500 has little bearing on the future

(Bloomberg) — The S&P 500 suffered its worst first half since 1970. But its dismal performance isn’t a sign of things to come. That’s according to analysis by S&P Dow Jones Indices that indicates there has historically been little to no correlation between the index’s performance in the first and second half of a year. … Read More