European gas prices once again rose to record highs on fears over Russian supply peak. The gas prices have spiked in recent days because of the three-day halt in Russian deliveries to Germany via the Nord Stream 1 continues to approach. The biggest fear is that Moscow will now turn the taps back on afterwards […]
Tag: Ukraine
Despite The Russian Invasion Mcdonald’s Plans To Reopen Some Branches In Ukraine
The world’s biggest burger chain McDonalds’s had shut all its outlets in Russia and Ukraine following the Russia’s invasion of Ukraine. In a recent development, the company has announced its plans on reopening its restaurants in Ukraine over the next few months. This could be an early indication of western businesses returning to the country […]
IMF slashes global growth forecasts amid Russia-Ukraine war and high inflation
In a major new update, the international monetary fund (IMF) has cut its global growth forecasts for the year 2022 and 2023 further warning of a possible worldwide recession. According to the IMF, the two factors that have contributed to a slow economic growth are the Ukraine war and the downside risks of high inflation. […]