Tag Archives: Ukraine crisis

Rome, Italy | Xinhua | Purchasing power in Italy fell by 54 percent over the last year, as high inflation, reduced trade and slower economic growth caused in part by the Russia-Ukraine crisis took their toll on the daily life of Italians, according to a new report published by Italian think-tank …

Natural gas prices in Europe have tumbled to levels last seen before Russia sparked a global energy crisis by invading Ukraine Rome, Italy | Xinhua | Helped by mild winter weather and high storage, prices for natural gas in the European Union (EU) have now settled back to levels seen before …

Beijing, China | Xinhua | The year of 2022 saw a world in turmoil: the United States fueled one conflict after another, the Ukraine crisis dragged on, the COVID-19 pandemic lingered on with Omicron emerging as the new strain. Inflation, food crisis, energy security, a sluggish world economic recovery, a worrisome …

Madrid, Spain | Xinhua | The European Union’s foreign policy chief Josep Borrell admitted recently that the EU has applied double standards on the Ukraine crisis, as opposed to the situation in Gaza. “We are very often criticized for double standards. But international politics is largely about applying double standards. We …

Rome, Italy | Xinhua | As the crisis in Ukraine sends global fuel prices spiraling higher, governments in European Union (EU) member states are scrambling for ways to reduce the economic impact their citizens are feeling at the gasoline pumps. Prices for gasoline surpassed 2 euros (2.1 U.S. dollars) per liter …

United Nations | Xinhua | The global economy is predicted to expand by only 3.1 percent this year, down from the 4.0 percent projected in January, largely due to Russia’s special military operation in Ukraine, according to UN’s latest World Economic Situation and Prospects (WESP) report, launched on Wednesday. As the …

United Nations | Xinhua | China is firmly opposed to NATO provocating bloc confrontations around the world, a Chinese envoy to the United Nations said Thursday during the Security Council briefing on Ukraine. “Clinging to the anachronistic doctrine of security and keen to provoke bloc confrontations and create tensions in Europe …

Overlapping food crisis risks in the region come at a time when most countries are facing increased fiscal imbalances and rising public debt pressure Addis Ababa, Ethiopia | Xinhua | The ongoing Ukraine crisis is negatively affecting East Africa’s food security through reduced food supplies, accessibility and high prices of food, …

The euro is within reach of five-year lows and seems increasingly will approach dollar-euro parity Rome, Italy | Xinhua | The euro has continued to weaken against the U.S. dollar, approaching its lowest level in five years, due mainly to the crisis in Ukraine and the sluggish economic growth in Europe. …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection, according to its newly released World Economic Outlook report. The Ukraine crisis unfolds while the global economy is …