Germany to invest more than 50 billion euros into climate fund

Source: Dukascopy Bank SA
The next German government is formulating a 2021 budget to pump over $ 56 billion euros into the climate fund, which could be spent in the coming years to accelerate the transition to a green economy. These plans mean that the government will use up the $240 billion debt ceiling in 2021.
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Fri, 26 Nov 2021 12:40:07 GMT

Brent crude oil plummets 5%

On Friday oil fell sharply below $77 a barrel after news of a new possibly vaccine-resistant coronavirus strain raised fears over the outlook for demand, causing global markets to sell off heavily. Meanwhile, traders fled to save haven assets - bonds, the yen and the Swiss franc.

Thu, 25 Nov 2021 16:45:08 GMT

Inflation in Brazil approaches 11% despite aggressive rate hikes

Annual inflation in Brazil rose to 10.73% while consumer prices accelerated 1.17% from the previous month. This is the biggest price rise in nearly two decades and is said to be driven by high fuel prices.

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