Spain plans temporary wealth tax amid high inflation
24 September 2022 | 7:44 am
A government plan calls for a tax on Spain's "big fortunes" would help offset inflation relief measures to assist low and middle-income Spaniards.
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The euro is performing better than expected with annual inflation dropping to 10% in November this year, partly due to energy prices. But experts are not overly optimistic.
Moroccan fans in Casablanca celebrate as their team makes history with their win over Spain to reach the quarter final stage of the World Cup in Qatar for the first time.
Two trains collided near Barcelona in the northeastern Spanish region of Catalonia, injuring 155 people but none seriously.
The head of Germany's central bank has said it will take until 2024 for inflation to decline sharply. Joachim Nagel said it would take time for the effect of higher interest rates to kick in.
Prosecutors investigating the tragic death of at least 23 people say there was no evidence of misconduct by Spanish guards.
Consumers can expect more price rises in 2023 and 2024 as energy costs remain elevated, the head of a group of experts advising the German government said.
France's cost of living crisis shows signs of stabilizing, as inflation dropped from 7.1% to 6.7% in December. It's among the lowest levels in the Eurozone, but many households and businesses are still struggling. French bakers are asking for more financial aid, with the cost of flour up a staggering 45%.
France's cost-of-living crisis shows signs of stabilising, as inflation dropped from 7.1 percent to 6.7 percent in December. It's among the lowest levels in the eurozone, but many households and businesses are still struggling.
Inflation in the 19 countries using the euro stood at 9.2% year-on-year in December. Having peaked in October at 10.6%, a slight reduction in the pace of inflation is prompting hopes of the peak having passed.
Inflation in Germany stood at an aggregate of 7.9% for 2022, official figures show. That's the highest it's ever been in Germany's post-war history. Food and fuel prices in particular drove consumer prices skyward.
In September of 2022, Spain announced that it would no longer fully honour the Albufeira Convention, a treaty on water transfers to neighbouring Portugal. Extreme drought has left Spanish reservoirs at a third of their average capacity this year, a situation not seen since 1995. Portuguese farmers are finding the decision difficult to accept, while environmentalists say it creates a major ecological risk.
A building-price explosion has ruined Germany's apartment-building plans. The rental market is becoming nightmarish, and experts say the government hasn't even begun to grasp the scale of the crisis.
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