Global steel production growth is nearly stalled

The European Central Bank (ECB) will still have to raise interest rates in the Eurozone in June and July to get high inflation under control. Indeed, inflation is proving more persistent than expected, stressed President Klaas Knot of De Nederlandsche Bank (DNB) in an interview with four major European newspapers. If a peak is reached after the increases, interest rates will have to remain at...

The supervision of the hundred largest European banks is not good enough. The European Central Bank does not take decisions quickly enough, is not consistent and is too flexible for banks that take too much risk, according to the European Court of auditors. The Court of auditors is the financial controller of the EU and looked at how things stand with the supervision of credit risks that banks...

In less than 24 hours, at least 1.6 million people visited the ’Check your hack’ Web page on the police website to see if their digital data was traded on Genesis Market. The illegal website was taken down by police on Wednesday. More than 4,200 people got some bad news. “Normally the police site has about 50,000 visitors a day, now more than 1.6 million people have already visited the...

China is outraged by the export restrictions that the Netherlands is going to impose on chip machine manufacturer ASML. That company will no longer be allowed to sell certain machines to Chinese companies from the summer. Western countries are afraid that the Chinese will use the chips that can be made with them for the production of military equipment, such as drones. A spokesman for the Chinese...