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News & Articles By Ramon Tomey
12/05/2022
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By Ramon Tomey
Unemployment in Germany continues to increase, government data show
The unemployment rate in Germany continues to increase, according to data from the German Federal Employment Agency (BA). Figures from the BA showed that the number of unemployed Germans increased to 2.54 million in November after 17,000 people lost their jobs. The figures released on Nov. 30 also showed the country’s unemployment rate increased to […]
11/30/2022
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By Ramon Tomey
11 Countries have already adopted central bank digital currencies and 105 others are considering it
Central bank digital currencies (CBDCs) are already in use in 11 countries, and 105 other nations are considering adopting the technology. Washington, D.C.-based think tank The Atlantic Council (TAC) defined a CBDC as “virtual money backed and issued by a central bank.” It named 10 countries in the Caribbean, alongside the West African country of Nigeria, as early adopters of […]
11/17/2022
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By Ramon Tomey
Bitcoin’s drop in value triggered by FTX fiasco a “deadly blow” to El Salvador’s financial solvency
Bitcoin’s sudden drop in value, triggered by the collapse of cryptocurrency exchange company FTX, dealt a “deadly blow” to the Central American nation of El Salvador. The most popular crypto token saw a 21 percent drop in its value, with its price hitting the lowest in two years. While the ongoing global economic recession seriously […]
11/15/2022
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By Ramon Tomey
Texas judge strikes down Biden’s student loan forgiveness plan
A federal judge struck down the student loan forgiveness plan put forward by President Joe Biden. Had the plan pushed through, hundreds of billions of dollars in student loans would be canceled – setting a disastrous precedent. District Judge Mark Pittman, a magistrate for the U.S. Northern District of Texas, nixed the plan in his Nov. 10 […]
10/14/2022
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By Ramon Tomey
Taipei to comply with US chip export rules directed at Beijing
Taiwan will comply with new rules on semiconductor chip exports put in place by the U.S., even though the rules from Washington were originally aimed at Beijing. The Department of Commerce (DOC) announced the sweeping new export controls on Oct. 7, that will cut China off from certain semiconductor chips that are made with U.S. […]
10/07/2022
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By Ramon Tomey
Saudi Arabia fortifies relations with Russia, thumbing its nose to the West
As major Western powers are cutting ties with Russia amid its invasion of Ukraine, Saudi Arabia appears to be doing the opposite by strengthening relations with Russia. According to the Guardian, Russian President Vladimir Putin and Prince Mohammed bin Salman – the Saudi prime minister – have a lot in common. It mentioned that both […]
09/29/2022
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By Ramon Tomey
Tech and hardware stores now LOCKING UP goods to prevent losses due to thefts
Stores are locking up items that they are selling in a bid to prevent inventory losses from thefts. Big-box stores Best Buy and Home Depot are now following the practice. One Best Buy store in Houston is now securing high-value electronics, such as speakers and activity trackers. The products were displayed in full view of […]
09/19/2022
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By Ramon Tomey
More Americans unable to pay on time as “buy now, pay later” loan scheme becomes popular
As the “buy now, pay later” (BNPL) loan scheme gains popularity, the number of Americans unable to pay on time has also risen. BNPL loans allow customers to pay for items in installments instead of shelling out the full amount. These financial services, considered short-term loans, are popular with younger Americans that fear never-ending credit […]
09/09/2022
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By Ramon Tomey
German gas giant asks Berlin for BAILOUT as country faces energy crisis
A major importer of natural gas in Germany asked the federal government in Berlin for financial aid amid the country’s ongoing energy crisis. Natural gas company Uniper was struggling to replace gas supplies following the shutdown of the Nord Stream 1 (NS1) pipeline – at serious loss to the firm. Uniper CEO Klaus-Dieter Maubach made this […]
09/08/2022
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By Ramon Tomey
Vegan restaurant in the UK adds MEAT to its menu in a bid to stay afloat
Citing the “prohibitively high” costs of operating as a vegan establishment, one restaurant in the United Kingdom added meat to its menu in a bid to attract more customers. Vegan eatery The Mango Tree in Taunton, located in the southwestern English county of Somerset, announced that it will offer a “meat-inclusive menu.” It made the […]
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