Apocalypse 2050: World on course for 15% GDP fall

Richard Lockhart in Edinburgh December 15, 2022

The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.

Ukraine second most deadly country for journalists in 2022

Martin Armstrong for Statista December 15, 2022

Reporters Without Borders (RWB) counts a total of 57 journalists and media workers that have been killed this year because of their job, including eight killed in Ukraine, the second most deadly location in the world.

Start of a new super cycle – fat and flat for 2023?

Ben Aris in Berlin December 15, 2022

The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.

"I am proud of you" – Zelenskiy congratulates air defence for preventing latest attack on energy facilities

Dominic Culverwell in London December 14, 2022

Explosions thundered in Kyiv on the morning of December 14 as Russia launched another wave of drone strikes.

IMF: Global food prices to remain elevated amid war, costly energy, La Niña.

Ervin Prifti . December 14, 2022

Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,

Eastern Europeans issue demarche to France over Ukraine

bne IntelliNews December 14, 2022

Eastern European critics argue that Paris’ ambiguous stance threatens to fracture the West’s unity against Russia, and emboldens Putin to continue prosecuting the war until he wins concessions.

Ukraine tops the 2022 Google searches list

bne IntelliNews December 13, 2022

2022 has been eventful, to say the least, and a look at the biggest trending Google searches this year can serve as a reminder for some of the events and situations that have shaped our world over the last 12 months, Statista reports.

Is Belarus laying a trap with grain transit offer?

bne IntelliNews December 13, 2022

Belarus has offered to let Ukrainian grain go through its territory to Lithuania without preconditions. However Lithuania is wary of this sudden offer.

EU ambassadors reach megadeal on global minimum tax, Ukraine aid and Hungary’s RRF funds

Tamas Csonka in Budapest December 13, 2022

The deal will help Hungary fill its yawning budget deficit and should steady the forint, the EU's worst performing currency this year.

IMF: Riding the global debt rollercoaster

Vitor Gaspar Paulo Medas and Roberto Perrelli for the IMF December 13, 2022

Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.

NEMETHY: The case for gold today – again

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors December 12, 2022

In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.

EU Council adopts €18bn aid for Ukraine despite veto by Hungary

bne IntelliNews December 12, 2022

The EC agreed that each member state will take on financial responsibility individually and the money will not be lent at EU level, to avoid the Hungarian veto.

Bulgaria’s parliament votes to send weapons for Ukraine after months of wrangling

Denitsa Koseva in Sofia December 11, 2022

Weapons for Ukraine approved at emotional parliament session despite efforts by pro-Russian Bulgarian Socialist Party and far-right Vazrazhdane to block military aid.

Three fires in Moscow raise suspicions of Ukrainian arson attacks

bne IntelliNews December 11, 2022

Three major fires broke out in Moscow on December 10, raising suspicions of arson attacks by Ukrainian saboteurs.

Russian opposition leader Yashin sentenced to 8.5 years in prison for discussing Russian atrocities in the Bucha massacre

bne IntelliNews December 11, 2022

A Moscow court has sentenced Russian opposition politician Ilya Yashin to eight and a half years in prison on charges of spreading “disinformation” about the Russian army.

bneGREEN: Renewables finally achieve turbocharged growth

Richard Lockhart in Edinburgh December 9, 2022

Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said

Ukrainian central bank keeps key policy rate at 25% and warns blackouts are increasing inflation

Dominic Culverwell in London December 9, 2022

The National Bank of Ukraine will keep the key policy rate unchanged at 25% per annum, the bank stated in a report on December 8.

MEDUZA: Ukrainian strikes on targets inside Russia could mark a new phase in the war

Meduza in Riga December 8, 2022

Two days in a row this week, the Ukrainian Armed Forces used drones to strike targets deep within Russia. Satellite images from December 5 show that Ukraine hit the Engels air base near Saratov and the Dyagilevo air base near Ryazan.

bneGREEN: War in Ukraine speeds up global transition to renewable energy

Dominic Culverwell in London December 7, 2022

The global energy crisis caused by Russia’s full-scale invasion of Ukraine has sped up the green transition, Ukraine Business news reported on December 7.

CESEE banks expect credit conditions to tighten and NPLs to rise

bne IntelliNews December 7, 2022

With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.