The European Union agreed to gas rationing

Image Source: Pledge Times To avoid a significant supply shock, the European Union (EU) has decided to ration its natural gas in winter. However, the group has scaled back its goals by giving nations a sizable amount of flexibility. European Union energy ministers endorsed a voluntary goal on Tuesday to cut gas consumption by 15% […]

European Central Bank raises interest rates

Image Source: News Beezer The European Central Bank on Thursday stated that it would raise its benchmark interest rate by a half percentage point in a daring effort to rein in inflation. The ECB raises rates for the first time since 2011 as a result, bringing Europe’s main rate back to zero. Since 2014, rates […]