Radiosat24web🌍📻🎤

#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #wednesday #morningpressreview #europegas Gas prices in Europe rose by more than 12% NICOSIA (Radiosat24web) - Gas prices in Europe rose, today, Wednesday, by more than 12%, in light of the decline in natural gas supplies from Russia through the "North Stream-1" due to the obstruction of equipment maintenance work, in light of Western sanctions. According to trading data, gas prices in Europe rose by more than 12% and approached the level of $2,350 per thousand cubic meters of blue fuel, for the first time since last March. The rise comes in light of fears of a decline in natural gas supplies from Russia, and the Russian "Gazprom" company will start from today, Wednesday, to reduce natural gas supplies to Europe through the "North Stream-1" route, after another turbine stopped working due to maintenance work. Western sanctions imposed on Russia are obstructing the maintenance work of the Siemens turbines installed on the "North Stream-1" pipeline (a gas pipeline from Russia to Germany across the bottom of the Baltic Sea), which leads to a decrease in the volume of supplies. #radiosat24web https://www.instagram.com/p/CggxPpLNUnc/?igshid=NGJjMDIxMWI=

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#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #thursday #morningpressreview #worldgoldprice Gold loses its luster ahead of the ECB rate hike NICOSIA (Radiosat24web) - Gold prices fell on Thursday to their lowest levels in nearly a year, as prospects for an interest rate increase by major central banks to curb spiraling inflation weighed on the precious metal's allure. Although gold is considered a hedge in the face of inflation, the rise in interest increases the opportunity cost of holding the yellow metal, which does not yield a return. And gold fell in spot transactions 0.3 percent to $ 1691.84 an ounce, by 0313 GMT, after falling to its lowest level since early August 2021, recording $ 1689.40 earlier in the session. US gold futures fell 0.6 percent to $1,690.40 an ounce. The European Central Bank is set to raise interest rates for the first time in 11 years on Thursday, with a larger-than-reported move increasingly likely, as policymakers fear losing control of unbridled consumer price growth. The Federal Reserve is also widely expected to raise interest rates by 75 basis points at its policy meeting next week. In Britain, inflation rose in June to a 40-year high, boosting the chances of the Bank of England raising interest rates by half a percentage point next month. "Gold fell below $1,700 an ounce as investors continue to limit their exposure to the sector ahead of central bank meetings," ANZ analysts said in a note. The dollar's decline limited gold's losses, as it fell 0.3 percent against rival currencies. A weak dollar makes gold cheaper for holders of other currencies. Market participants are also anticipating the resumption of gas flows through the largest pipeline from Russia to Germany. Among other precious metals, silver fell in spot transactions 0.6 percent to $ 18.54 an ounce, and platinum lost 0.5 percent to $ 854.03, while palladium increased 0.3 percent to $ 1867.20. #radiosat24web https://www.instagram.com/p/CgQ9ULItc74/?igshid=NGJjMDIxMWI=

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#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #monday #afternoonpressreview #worldoilprice Brent exceeds $ 102 due to the weakness of the US currency and the scarcity of supplies NICOSIA (Radiosat24web) - Oil prices extended gains on Monday, boosted by a weak dollar and tight supplies, which offset fears about a recession and the possibility that widespread shutdowns in China to combat Covid-19 will again reduce demand for fuel. Brent crude futures for September delivery rose $1.56, or 1.5 percent, to $102.67 a barrel by 0736 GMT, after a 2.1 percent increase on Friday. US West Texas Intermediate crude futures for August delivery also rose $1.25, or 1.3 percent, to $98.84 a barrel, after rising by 1.9 percent in the previous session. The US dollar retreated from multi-year highs on Monday, supporting the prices of commodities ranging from gold to oil. A weak dollar makes dollar-denominated commodities more accessible to holders of other currencies. Last week, Brent and West Texas Intermediate posted their biggest weekly declines in about a month amid fears of a recession hurting oil demand. Mass testing for COVID-19 continued in parts of China this week, raising concerns about oil demand in the world's second-largest oil consumer. However, oil supplies remain tight, which supports prices. #radiosat24web https://www.instagram.com/p/CgJ5MAptNtq/?igshid=NGJjMDIxMWI=

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"If that's the case, it could boost the dollar even more," they added. "By the end of the year, prospects for lower inflation and more balanced messaging from central banks should support a return to risk appetite and easing demand for the US dollar as official rates approach their cyclical peak," Unicredit said. Its experts indicated that if this is done, the euro will be able to break the parity stage in the last months of 2022. #radiosat24web🛰️📡 https://www.instagram.com/p/CgJIZRdtnWA/?igshid=NGJjMDIxMWI=

- European Central Bank alert - "The recession will certainly mean that markets will become more concerned about retail risks in the Eurozone," said Jane Foley, foreign exchange expert at Rabobank. Like other central banks, the European Central Bank seeks to avoid stifling the economy by raising interest rates too dramatically. But he should also consider a possible fragmentation of the debt market, given the wide variations in borrowing rates across the Eurozone. The European Central Bank has so far maintained a loose monetary policy to a large extent to support the economy, at a time when the US Federal Reserve chose to raise interest rates and pledged to continue to do so to counter inflation. He is due to announce his monetary policy decision on Thursday, and indicated that he will raise interest rates for the first time in 11 years. "If the ECB aims to give a boost to the euro, it will have to raise (interest rate) by 50 basis points in July and/or indicate that moves (to raise it) 75 basis points," Standard & Poor's analysts said in a note. Offered for September. "Faster adjustments in (monetary) policy now will help stabilize inflation expectations and reduce the need for a restrictive policy stance at a later time," they added. - Cross parity - Economists at Berenberg Bank believe that the decline of the euro is more due to the improvement of the dollar, which "has risen strongly in value against a wide basket of currencies since mid-2021." The dollar benefited from the Federal Reserve's tightening of monetary policy at a time when it is trying to rein in inflation, which reached record levels in June. Bernberg experts stated that "markets expect the Federal Reserve to raise rates by 100 basis points instead of 75 basis points at its next meeting on July 27." This #article continues https://www.instagram.com/p/CgJIEooNbvJ/?igshid=NGJjMDIxMWI=

#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #monday #morningpressreview #eurovalue Is the euro out of its crisis? NICOSIA (Radiosat24web) -The euro's fall against the dollar on the backdrop of the Ukraine war and the rising risks facing the European Union's economy has brought the two currencies into parity for the first time in two decades. The single European currency fell to $0.9952 on Thursday, an unprecedented level since late 2002, when the euro was officially introduced. However, investors expect that the Euro can recover if several obstacles remain in its path over the coming months. The first obstacle is the risk of interruption of Russian gas supplies to Europe, which would lead to higher electricity bills and force eurozone countries to reduce some industrial activities. "If gas flows from Russia return to normal or at least stop declining after the shutdown that led to maintenance work at Nord Stream 1 ends next week, this will ease market fears somewhat of the crisis," Commerzbank analyst Esther Rechlet told Radiosat24web imminent gas in Europe". While the Russian gas giant "Gazprom" has warned that it cannot guarantee the normal operation of the pipeline, European countries fear that Moscow may seek to use technical justifications to permanently stop and put pressure on gas shipments. French President Emmanuel Macron said Thursday that Russia was using energy as a "weapon of war". In turn, Stephen Innes, an analyst at SBI Asset Management, warned that "if (Nord Stream 1) is not restarted, the euro will decline and the whole world will feel the economic tremors, while the European energy crisis could cause a recession." This #article continues https://www.instagram.com/p/CgJHmTJN_uI/?igshid=NGJjMDIxMWI=

#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #sunday #morningpressreview #morningbreakfast🌊🌊☀️☀️☀️⛵ https://www.instagram.com/p/CgGkzt7NAfX/?igshid=NGJjMDIxMWI=

b #radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #friday #morningpressreview #natousarussiaukraineeuropeanunioninternationalrelations #italyinternalpolitical Italian president rejects prime minister's resignation NICOSIA (Radiosat24web) - Italian President Sergio Mattarella rejected the resignation Thursday submitted by Prime Minister Mario Draghi, amid a political crisis that experts warn could push the euro zone's third-largest economy into an early general election. The Italian presidency announced that Mattarella "did not accept the resignation, and called on the prime minister to appear before Parliament (...) in order to conduct an assessment of the situation" resulting from the boycott of the "Five Star" movement affiliated with the ruling coalition, a vote of confidence in the government in the Senate. And earlier on Thursday, Mario Draghi said during a government session: “I would like to announce that this evening I will submit my resignation to the president,” adding that the conditions necessary for the continuation of the government coalition “no longer exist.” The Italian Prime Minister also considered that "the charter of confidence on which the government is based no longer exists," according to Radiosat24web. The leader of the "Five Star" movement, Giuseppe Conte, announced Wednesday that senators from his party will not participate in the vote of confidence initially requested by the executive branch. The government won confidence in Thursday's vote, but Draghi had previously warned repeatedly that he would not remain in the prime minister's office without the movement's support. This #article continues https://www.instagram.com/p/CgBiaakNSzv/?igshid=NGJjMDIxMWI=

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#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #wednesday #afternoonpressreview #sunset2022 https://www.instagram.com/p/Cf9MHjjtvZG/?igshid=NGJjMDIxMWI=

#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #wednesday #morningpressreview #europeanunionrussiaukraineinternationalrelations Asking Paris and Rome to take difficult decisions to confront the gas crisis NICOSIA (Radiosat24web) - The head of the Confederation of Italian Businessmen "Confindustria" and the head of the French employers' movement "Medif" called on French President Emmanuel Macron and Italian Prime Minister Mario Draghi to "declare unpopular measures" to prepare public opinion for the possibility of the Russian gas outage and the resulting rise in prices. "It is clear that we will not have Russian gas by the end of the year, either by our will or by the will of the Russians," MEDEF chief Geoffroy Rue de Pizzo said during a press conference in Paris with his Italian counterpart in the framework of the fourth Franco-Italian economic conference. "We will have to increase" energy prices for consumers, he said, calling on the French government to "announce unpopular measures" as soon as possible. He pointed out the need for (Macron) to "tell the truth" to the French and "to choose the producer before the consumer." His Italian counterpart, Confindustria President Carlo Bonomi, also urged political leaders to "make difficult choices" with the aim of "finding concrete solutions to the problems we must face." "We can envision a complete cut off" of Russian gas supplies, he said, so "we must respond quickly," acknowledging that "the responses are not easy because the problems are not easy." Bonomi indicated that one of the possible solutions lies in "achieving additional efforts in the industrialized world" and the European Union's aspiration "towards the Mediterranean" to obtain gas supplies, despite the "competition from Turkey" in the region and the "presence of China". "Nuclear will also play an essential role," he added. #radiosat24web https://www.instagram.com/p/Cf8Oxj0tvwG/?igshid=NGJjMDIxMWI=

#radiosat24web #easternmediterraneanarea #middleeast #gulfcountries #gulfcooperationcouncil #easternmediterraneaneurope #mediterraneanregion #states #communities #localgovernment #economydevelopingcountries #socialopportunities #sportsandfreetime #dailypressreview #wednesday #morningpressreview⌨️🎤☕☕ https://www.instagram.com/p/Cf8OmX-tzCy/?igshid=NGJjMDIxMWI=