Photo by Stock Birken on Unsplash The Organisation for Economic Co-operation and Development (OECD) has just reported that the UK is the only G7 country where inflation has been rising, and one of the three worst amongst the 38-country OECD membership. The question is: why? The UK Office for National Statistics blames three factors: Russia’s invasion of…
Photo by Lucas Marcomini on Unsplash For the past ten years, the Sustainable Development Solutions Network has published an annual list of the happiest countries in the world. People in 149 countries were asked to rate their own happiness: criteria included social support, personal freedom, gross domestic product and levels of corruption. Sponsored by the UN it is…
Photo by Markus Spiske on Unsplash On 22 June the Commission paid €1.5 billion under the “Macro financial Assistance” package for Ukraine, worth up to €18 billion in total. With this instrument, the EU says it seeks to help Ukraine cover its immediate funding needs, with stable, predictable and sizeable financial support in 2023. This support will help Ukraine to continue paying wages and pensions, and keep essential…
Photo by Christian Lue on Unsplash The EU’s economic system needs structural change and must be adjusted to become more resistant to future external shocks, says the European Economic and Social Committee (EESC). The Brussels based organisation is now recommending establishing a “Green triple-T” criterion to assess future interventions in the EU’s economic system, so that adopted measures are…
Photo by Jan Kopřiva on Unsplash Member states have given the green light for a “massive expansion” of renewable energies.After months of blocking, the Council decided to tighten the EU Renewable Energy Directive. Campaigners have greeted the news saying “an investment boom across the EU will be the result.” German Greens MEP Sven Giegold says the revised EU…
Photo by Dmitriy Efimov on Unsplash According to the updated Constitution, “Uzbekistan is a sovereign, democratic, rule-of-law, social and secular state with a republican form of government.” For the first time in the history of our country, it is fixed in the Constitution that Uzbekistan is a social state, writes Obid Khakimov. A social state is a model…
Photo by Imad Alassiry on Unsplash Sanctions against the Russian military-industrial complex and a ban on imports of Russian raw materials will weaken Putin’s war machine Russian defence companies not hit by sanctions are importing goods from EU countries for the war against Ukraine. Among these purchases are rifles and body armour for soldiers, machine tools for missiles, and microchips…
Photo by Pommelien da Silva Cosme on Unsplash The Financial Action Task Force (FATF) recommended back in February 2023 to remove the Kingdom of Morocco from the enhanced monitoring process, known as the ‘grey list’. The European Commission has accordingly accepted this recommendation, making the decision after assessing the compliance of the national system with international standards relating…
Photo by Roger Bradshaw on Unsplash The next General Election in the UK is likely to be at least a year away, but already the two major political parties are moving into overdrive with national conferences and pronouncements from senior party figures. After their successful local Council election results in early May Labour is increasingly occupying the centre…
Photo by Mika Baumeister on Unsplash The EU admits there is “persistent uncertainty” stemming from Russia’s ongoing invasion of Ukraine. But it also says that the European economy “continues to show resilience in a challenging global context.” Lower energy prices, abating supply constraints and a strong labour market supported moderate growth in the first quarter of 2023, it…
