Effective industrial prices grew 2.5 percent Y/Y

The European Commission imposed a ban on the use of TikTok on devices of the government organization on Thursday morning, Politico reports. That measure has been taken because of growing concerns about espionage by China. TikTok is a social network owned by the Chinese tech company Bytedance. In Western countries, there are increasing concerns about Chinese tech companies helping intelligence...

Gas was cheaper on Friday. As a result, the price of fossil fuels has come closer to the price at the beginning of this year. The warm weather this winter means that European gas supplies are still full. As a result, European countries and energy companies want to pay less to buy more gas. The price of a megawatt hour of gas on the leading Stock Exchange in Amsterdam was still above 80 euros at...

The UK economy contracted by 0.3 percent in the third quarter of this year. The United Kingdom is expected to be officially in recession by the end of this year. The economic downturn is the result of rising prices that hit businesses and households hard. A country is officially in recession when the economy shrinks for two consecutive quarters. Over the past quarter, economic activity in the UK...

The Dutch economy is unlikely to grow next year. The price ceiling for energy cannot prevent life from becoming more expensive across the board in 2023 as well. The International Monetary Fund (IMF) has conducted research into the Netherlands in recent days and presented the first results on Friday. The researchers believe that the Dutch economy is still growing by 4.2 percent this year, but by...