Economy
Economy
Taliban plan Turning Ex-Military Bases Into Special Economic Zones
The Taliban government in Afghanistan has announced plans to convert some of the former foreign military bases in the country into economic zones for businesses.
The move is aimed at reviving the country's struggling economy, which has been hit hard...
Economy
IMF Predicts Inflation to Peak Amid Low Growth
The International Monetary Fund (IMF) released the latest World Economic Outlook report this week. The report tracks important global economic trends.
The forecast for growth remains low but has improved since the most recent projections. At the same time, the...
Economy
Egg Shortage Drives Up Prices for Consumers
An egg shortage is driving up the price of eggs for consumers across the US and other countries. The main cause appears to be a strain of bird flu which is threatening commercial flocks of chickens. Economists have also...
Business
Amazon to Fire 18,000 Staff to Cut Costs
Amazon is planning to lay off more than 18,000 employees to cut back on costs. It will be the largest dismissal of workers in the firm's 28-year history.
It has not yet been announced where the job losses will occur,...
Economy
Bitcoin Mining is Environmentally Unsustainable, New Research Shows
The world's most controversial cryptocurrency, Bitcoin, has a climate impact greater than the production of beef and results in nearly as much environmental damage as crude oil, researchers in the United States have calculated.
Research from the University of New...
Economy
Greece Sixth for Most Cryptocurrency ATMs in European Union
Even with little awareness of cryptocurrency and blockchain technology, Greece ranks sixth in terms of the number of cryptocurrency ATMs. This is out of twenty-seven European member states.
There are currently sixty-four active ATMs for usage, mostly concentrated in the...
Diplomacy
Greece, China Celebrate 50th Anniversary of Diplomatic Ties
The 50th anniversary of Greece-China diplomatic relations was celebrated with a special event, attended by hundreds on Thursday evening, at the Zappeion Hall in central Athens.
The event was also held in celebration of the 73rd anniversary of the founding...
Economy
July Becomes a Record-Breaking Tourism Month in Greece
Despite the waning COVID-19 pandemic and the political turmoil the EU is currently facing with the Russian invasion in Ukraine, July was a record-breaking month for tourism in Greece. July saw a high flux of tourists arriving in the...
Greek News
More Than 40% of Greeks Can’t Afford to Take Vacation; Among Highest in EU
This summer has brought throngs of tourists to Greece but a new report found that more than 43 percent of all employed Greek citizens cannot afford to go on vacation.
They totaled more than 1.6 million of the 38 million...
Economy
Euro Equal to the US Dollar for First Time in 20 Years
The exchange rate between the euro and the US dollar is the same on Tuesday for the first time in 20 years.
As of Tuesday morning Greek time, one euro is equal to exactly one dollar, meaning that the value...