Italy pours in billions to combat rising energy prices

Published

2 years ago

May 3, 2022

Italy has announced a 14 billion euros aid package in a bid to curb rising energy prices

Unions met with the government to discuss the economic impact of the war in Ukraine.

This package accompanies the 15 billion euros already budgeted this year to lessen the blow of electricity, gas and petrol prices for firms and households.

Italy depends heavily on Russia for energy and has seen it’s growth forecast shrink since the war in Ukraine began at the end of February.

Rome intends to continue its fuel price cut until July 8, dropping prices by 25 cents per litre.

But the aid shouldn’t put Italy into too much debt with Rome aiming to fund the packages with its 6 billion euros of budget leeway, a product of higher tax revenues and lower costs.

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending