Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere… … on Monday, Germany will take one step... 

The global supply chain is broken. Experts point out to a perfect storm of issues that have combined to break a system that used to run relatively smoothly. The Covid-19 pandemic has impacted trade around the world, causing product shortages and pushing up prices. The ongoing disruptions are hitting global growth. What are global supply chains? Global supply chains are networks that span all continents... 

Russian President Vladimir Putin has signed a decree imposing a package of economic sanctions against Turkey following its downing of a Russian Su-24 bomber in Syria. The measures include banning several Turkish organizations and the import of certain goods. A decree on “measures providing the national security of the Russian Federation and the protection of its citizens against criminal and... 

The French government has taken steps to minimize food waste, banning large supermarkets from destroying unsold products. They will instead be forced to donate the goods to charities or farms. The National Assembly unanimously voted in favor of the ban on Thursday as part of a larger environmental bill. It explicitly prohibits the practice of intentionally spoiling food so it cannot be eaten. “It’s... 

Prices of goods in Greece, from milk and bread to medicine have fallen by 2.0 percent in October, and are now at their lowest since 1962. Only the price of alcohol and tobacco increased in the last year. Consumer prices in Greece plummeted 2.0 percent year-on-year in October 2013, according to a report by Greece’s Hellenic Statistical Authority on Friday. In its sixth year of deep recession, unemployment... 

Iran bans imports of goods from 100 European firms Iran reportedly plans to ban imports from European companies as part of its countersanctions against the European Union (EU). Deputy President of Iran Trade Promotion Organization Sasan Khodaei confirmed that Iran has banned imports from 100 European countries. In an interview with Press TV on Wednesday, Khodaei said Tehran has imposed sanctions against...