Stocks fell on growth fears, and the US dollar rose

Stocks fall as fear of inflation drives uncertainty Inflation in the UK is up to 9% and in Canada it is up to 6.8% Germany’s two-year yield hit its highest level in 2011 on the back of the European Central Bank’s interest rate hike bets NEW YORK (Reuters) – Global stocks fell and the dollar … Read more

The European Union is rushing to develop a $300 billion roadmap to get rid of Russian energy

Brussels (AFP) – The European Union’s executive arm moved on Wednesday to move the 27-nation bloc’s plans to ditch Russian energy amid the Kremlin’s war in Ukraine.By proposing a package worth about 300 billion euros ($315 billion) that would include more efficient use of fuels and a faster roll out of renewable energy. The European … Read more

Facts: How the EU plans to abandon Russia’s fossil fuels

Pictures of solar panels are taken at a solar park in Saelices, Spain, May 11, 2022. The image was taken with a drone. Photograph: Guillermo Martinez/Reuters Register now to get free unlimited access to Reuters.com Register (Reuters) – The European Union published plans on Wednesday to end its dependence on Russian gas, oil and coal … Read more