After a flood of ministerial resignations in the U.K., Prime Minister Boris Johnson has resigned as leader of the Conservative Party, and will step down as prime minister when a new leader is found. Speaking outside 10 Downing Street, Johnson said he was “immensely proud of the achievements of this government,” but he acknowledged that “in politics, no one is remotely indispensable”
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POLITICS -President Klaus Iohannis told a press conference on Tuesday that the government has no intention to implement an “austerity plan” in response to the expected dire economic situation in the coming quarters. -Seven months after taking office, Romanian government ministers were validated in office by premier Nicolae Ciuca. -The Ministry of Finance has put on public debate on its website the
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Mohammad Barkindo, a Nigerian politician and the secretary general of oil producer group OPEC, died suddenly aged 63 just a month before he was scheduled to be replaced by Kuwait’s Haitham Al-Ghais. The reason for his death which occured late Tuesday was not immediately known. “We lost our esteemed Dr (Mohammad) Sanusi Barkindo. He died at about 11:00 pm yesterday 5th July
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Norwegian oil and gas workers went on strike on strike Tuesday (July 5) due to a dispute over wages, shutting three fields in the North Sea and causing a spike in natural gas prices. The disruption comes at a critical moment for the region as Norway’s oil and gas supplies have become more crucial than ever amid Russia’s ongoing war in Ukraine. Norway’s state-owned energy
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The euro, which has lost over 9% of its value against the dollar since the start of the year, continued its downfall on Tuesday (July 5), falling to its lowest level in two decades. The joint European currency shed around 1.3% for the session to hit $1.029 by mid-afternoon in Europe, having earlier been as low as $1.028. The decline came amid soaring gas prices
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Almost two years after the Warsaw Stock Exchange (GPW) Management Board signed an agreement with the Central Bank of Armenia (CBoA) to negotiate the acquisition of a majority stake representing 65% of the shares in the Armenia Securities Exchange (AMX), the deal was finally inked. On 28 June 2022, during a ceremony in Yerevan, Marek Dietl, President of the Management Board of the GPW, signed
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Annual inflation rate in the eurozone accelerated further to a new record high of 8.6% in June from 8.1% in May, Eurostat data showed Friday (July 1). Figures topped market expectations of 8.4%. Energy had the highest impact on the annual rate, soaring 41.9% compared to June last year followed by the price increases of food, alcohol & tobacco of 8.9%, non-energy
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Annual inflation rate in Germany eased to 7.6% in June from 7.9% in May which was the highest reading since German reunification, preliminary data from the Federal Statistical Office (Destatis) showed on Wednesday (June 29). The rate was expected to rise to a new record of 8.0%.Energy prices rose by 38.0% year on year. Food prices, too, increased above average (+12.7%). Destatis
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Bucharest-listed Bittnet Systems, an IT&C solutions integrator and provider of training services in the IT sector, sold 11.9% of Dendrio Solutions to Agista Investments, part of Impetum Group for a total amount of 7.5 million lei. Dendrio Solutions represents the reunion of three companies well-known on the Romanian market: Bittnet, Gecad Net, and Crescendo. The company is the only multi-cloud integrator in
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Porsche CEO Oliver Blume told Frankfurter Allgemeine Zeitung (FAZ) on Friday (June 24)the German automotive company is still planning to go ahead with its initial public offering (IPO) despite the challenging economic conditions and uncertainties over the conflict in Ukraine. “In the past, we were robust and financially strong in every crisis,” Blume was quoted as saying. In February, Porsche and its
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