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US prices make biggest jump in decades

A 7% annual increase in consumer prices is the latest bad economic news for Americans Consumer prices in the US made the biggest year-to-year jump since 1982, the latest sign that rising inflation is negatively impacting working Americans. December’s price increase followed a 6.8% average rise the month before, according to Labor Department data released […]

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Hungary’s Orban blames Brussels & its climate change policies for soaring EU gas prices

The EU should withdraw its policies aimed at tackling climate change as they’re the reason for the record surge in energy prices on the continent in autumn, Viktor Orban, Hungarian Prime Minister, has said. Energy bills have been spiking for customers across Europe because of bad decisions made by “bureaucrats in Brussels,” who are fighting […]

english

EU Commission should buy gas on behalf of member states, Spanish PM suggests as solution to spiraling energy prices

Spain’s prime minister has proposed that the European Commission (EC) negotiate gas contracts on behalf of all EU member states in order to strengthen cooperation amid soaring gas prices on the global marketplace. Speaking on Wednesday, Prime Minister Pedro Sanchez proposed a novel solution to the spiraling cost of gas in Europe, suggesting the EU’s […]