The cost of maintaining the Amadea - a US seized yacht linked to a Russian oligarch - is nearly $10 million a year. Part of this cost is borne by U.S. taxpayers, and Amadea is just one of the costly seized Russian assets, Bloomberg writes today.more
For the first time ever, British nurses will hold a nationwide wage strike, it was reported today. The nurses' organization is demanding wage increases of 5 percentage points above inflation.more
Food banks (Tafel) in Germany have never before supplied so many people. "Since the beginning of the year, we have seen a 50 percent increase in the number of customers," - relayed the head of Tafel Deutschland Jochen Bruehl to the Rheinische Post daily yesterday. This means that some 2 million people are benefiting.more
Dublin will submit a motion that Ireland's Finance Minister Paschal Donohoe will become Eurogroup president for a second term, even though he will no longer be head of ministry when his mandate in the Eurogroup ends in January, the Irish government said yesterday.more
Poverty campaigners have warned of a “prolonged period of pain” after the Bank of England said Britain is facing the longest recession since records began, stretching deep into 2024.
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I warn refugees who want to come to Ireland now that our country may not be able to provide them with decent conditions," Irish Ambassador to Kiev Therese Healy told the Ukrainian Truth website eurointegration.com in an article published yesterday.more
68 percent of Poles are concerned about the stability of their earnings, while 23 percent are afraid of losing their jobs, according to a survey by ARC Rynek i Opinia on the current economic situation released Thursday.more
Households will be offered discounts on their electricity bills if they cut peak-time use on a handful of days over the winter, as part of National Grid's efforts to avoid blackouts.
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An increasing number of Dutch companies are paying their employees one-time bonuses to cushion the effects of high inflation, the NOS portal reports. The amounts range from €150 to €2,000.more
According to data from the Ministry of Finance, in the first half of this year the number of initiated tax audits was more than 16% higher than in the corresponding period of the previous year.more
The Bank of England (BoE) today raised its main interest rate from 2.25 percent to 3 percent, putting it at its highest level since 2008, and warned that the recession the British economy is already in could be the longest since statistics have been kept.more
Poland has not yet implemented the EU's Omnibus Directive, so stretched promotions will continue to reign on the Internet. Especially on the occasion of Black Friday, which, although a month away, is already in full swing," we read in today's Rzeczpospolita.more
TfL is charging older Londoners £10 a year to keep their 60+ Oyster cards - in a move branded a “scam” by one user. Ghanashyam Master was told this month he had to pay a recently-introduced £10 a year fee to prove that he still lives a London Borough. more
Around 1,300 McColl’s workers are at risk of redundancy as part of proposals to shut 132 loss-making stores.
Morrisons, which rescued the convenience chain from administration earlier this year, confirmed the news this afternoon.more
Many customers with prepayment meters have not yet redeemed vouchers to help with energy bills, the BBC has learned.
From 1 October, households should have begun to receive the first £400 instalment of the government's Energy Bill Support Scheme.more
In the first half of 2022, the most expensive electricity prices were in Denmark, Belgium, Germany and Italy. The lowest prices were in the Netherlands, Hungary, Bulgaria and Malta, according to Eurostat data.more
Marks & Spencer is to begin hiring out capsule wardrobes of 10 different outfits for up to a month, promising a more environmentally friendly and economical way for shoppers to regularly change their look.more
The UK is now spending more of its aid budget at home than in poorer countries, development experts have said. That is because a large proportion of the pot - some £3bn - is being spent on housing refugees, mainly from Ukraine, according to the Centre for Global Development (CGD).more
"There are tougher years ahead of us, harsh years." - announced German President Frank-Walter Steinmeier in an address to the nation at Berlin's Bellevue Palace.more