Hungary Hit By Worst Social Unrest Since Elections (Worthy News In-Depth)
Tense protests continued in Hungary’s capital till the early hours of Thursday after the government announced “an energy emergency” and effectively raised taxes for hundreds of thousands of small entrepreneurs as the nation’s currency plunged to record…
Biden Sold a Million Barrels From US Strategic Petroleum Reserve to China-Owned Gas Giant
The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would “support American consumers” and comb…
Hungary Hosts Religious Jews Fleeing Ukraine
Hungary will host hundreds of religious Jewish refugees from Ukraine who require kosher food, a rabbi says.
Hungary Blocks Biden’s Global Tax Plan In European Union
Hungary has blocked the introduction of U.S. President Joe Biden’s proposed global minimum corporate of 15 percent in the European Union. The EU member state says the Biden tax would undermine its competitive edge in the region as Hungary has the bloc’…
US producer prices soar 10.8% in May as energy costs spike
U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing.
Fed likely to boost interest rates by three-quarters of a point this week
Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well.
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