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German Chancellor Scholz Expects Gas Extraction Near Borkum to Begin Soon Despite Criticism

German Chancellor Olaf Scholz anticipates that natural gas extraction near Borkum Island in the North Sea will commence soon, despite opposition from environmental groups. The...

Dollar Faces Widespread Selling Pressure Amid Hedge Fund Adjustments

The U.S. dollar is experiencing significant selling pressure, driven by hedge funds and corporations adjusting their positions, according to a report from Bank of...

UK Citizens to Face €7 Visa-Waiver Fee for EU Travel from Next Summer

Starting in May 2025, UK citizens traveling to the EU will need to pay a €7 visa-waiver fee as part of the new European...

Chinese Chamber of Commerce Criticizes EU Tariffs on Electric Vehicle Imports

The Chinese Chamber of Commerce to the EU (CCCEU) has sharply criticized the European Union's plan to impose five-year tariffs of up to 36%...

Turkey’s Central Bank Keeps Key Interest Rate Unchanged

The Central Bank of Turkey has decided to maintain its key interest rate at 50%, marking the fifth consecutive meeting where the rate remains...

Austria Plans Nationwide Payment Card System for Asylum Seekers

Austria's Ministry of the Interior is planning to introduce a nationwide payment card system for asylum seekers after a successful pilot program in Upper...

Polish Central Bank Governor Suggests Rate Cuts Could Happen Before 2026

Polish Central Bank Governor Adam Glapiński has hinted that monetary policy easing might occur before 2026, revising his earlier statements. Glapiński indicated that a discussion...

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