Category: world
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Emerging Market Economies Face Challenges from a Stronger US Dollar
Emerging market economies are grappling with the impact of a stronger US dollar, according to the latest External Sector Report by the International Monetary Fund (IMF). The study highlights the disproportionate negative spillovers experienced by these economies compared to smaller advanced economies when the US dollar appreciates. The report finds that a 10 percent appreciation…
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NATO allies and partners to showcase strength in biennial ‘Formidable Shield’ exercise
The NATO alliance is preparing to kick off its biennial Exercise Formidable Shield 2023 on May 8, which is expected to involve 13 NATO allied and partner nations, more than 20 ships, and 35 aircraft, including the F-35. The exercise will showcase the alliance’s strength and commitment to the defense of Europe and involve live-fire…
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New Residential Building Prices in Germany Show Significant Year-on-Year Increase, Says Federal Statistical Office
New residential building prices in Germany increased by 15.1% in February 2023 compared to the same time last year, according to a report from the Federal Statistical Office. In November 2022, prices had gone up by 16.9% compared to the previous year. From November 2022 to February 2023, construction prices increased by 2.7%. These prices…
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German Federal Government Prioritizes Infrastructure Development and Climate Transition
The German Federal Government aims to modernize the country and continue its reform program, with a focus on infrastructure development, energy networks, and the climate transition. Federal Chancellor Olaf Scholz recently announced several measures to speed up infrastructure development in Germany, including rail, traffic, and energy networks. Scholz emphasized that Germany would become more efficient…
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Weekly figures for exports of farmed salmon in Norway.
It includes data for the 13th week of 2023 and shows the change in percentage for both the previous week (week 12) and the same week in the previous year (week 13 of 2022). The data is presented in two categories: price per kilo and quantity in tonnes, and is further divided into fresh or…
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ECB’s Philip Lane Says Euro Area Banking System Strong and Stable, Unaffected by US Regional Bank Failures and Credit Suisse Turmoil
In an interview with Philip R. Lane, a member of the Executive Board of the ECB, he stated that the euro area banking system is strong, stable, and less vulnerable compared to banks in the US, due to the strict supervision by the European Central Bank and high capital and liquidity ratios of the banks.…
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Norway to Host Informal NATO Foreign Affairs Meeting in Oslo, Media Registration Open
The North Atlantic Council (NAC) is scheduled to hold an informal meeting of Ministers of Foreign Affairs in Oslo, Norway from May 31 to June 1, 2023. The meeting will be led by NATO Secretary General, Jens Stoltenberg, with online registration now open for journalists seeking accreditation. The meeting will take place at Oslo City…
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Sweden Proposes Investments for Military Defense and NATO Membership Prep
The Swedish Government has proposed investment measures to strengthen the country’s military defense and prepare for NATO membership. The proposals include increased appropriations of SEK 660 million and an increased authorization of SEK 16.78 billion for the Swedish Armed Forces. The government aims to increase joint operational capability nationally and internationally by strengthening command and…
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Finland Joins NATO: A New Chapter in European Security
Finland officially joined the North Atlantic Treaty Organization (NATO), becoming the 31st member of the organization. The move marks a new chapter in European security and has been praised by many as a positive step forward. While some have expressed concerns over the potential for increased tensions with Russia, Finnish leaders have emphasized that the…