SPOTLIGHT

    June 14, 2023

    Germany returns remnants of indigenous peoples to New Zealand

    Remains of 95 indigenous New Zealanders as well as artifacts and cultural treasures were brought back to New Zealand from…
    June 14, 2023

    Seventeen dead after a boat carrying migrants capsizes off Greece

    At least 17 people have died and more than 100 have been rescued after a fishing boat carrying migrants and…
    June 14, 2023

    China’s Qin Gang raises concerns in conversation with Antony Blinken from the USA

    China’s Foreign Minister Qin Gang, in a phone call with Antony Blinken, days before the US Secretary of State’s expected…
    June 14, 2023

    Two dead, one wounded in shooting on Japanese military compound

    Two soldiers were killed and one seriously injured in an attack by a co-recruit on a military training ground in…
    June 14, 2023

    How Emefiele, Nigeria’s powerful central bank chief, lost his seat

    Lagos, Nigeria — Last Friday, Nigeria’s new President Bola Tinubu suspended the governor of the country’s central bank, Godwin Emefiele.…

    IN THIS WEEK’S ISSUE

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    CNN BREAKING NEWS

    IMF Warning of Energy Crisis Caused Panic in Europe

    Breaking news from CNN! The energy problem in Europe continues to move forward in uncertainty. With the approach of the chilly winter months, the people, who look at the future with anxious eyes, turned to wood for heating, and with the increase in theft incidents, loggers started to put alarms in their precious stocks. The people, waiting for the government to take a step on the issue, requested the authorities to negotiate with Putin if necessary and bring a solution to this problem. Yet IMF Managing Director Kristalina Georgieva stated that 2023 will be much worse than 2022 and claimed that half of the countries in the Eurozone are at risk of recession. The energy crisis, triggered by Russia’s interruption of the natural gas flow to Europe after the invasion of Ukraine, increased its impact with the cooling of the weather.

    Cold Days Await Europe

    Natural gas and electricity prices, which skyrocketed in the summer months, fell due to the intense struggle of the EU countries, which filled the gas tanks on the one hand and implemented the savings measures on the other. However, due to information obtained from CNN reporters, experts are of the opinion that this short respite will not last long. Emphasizing that there is still no permanent solution to the dark days waiting for Europe, experts claim that factors such as the situation of the Ukraine-Russia war and the harsh weather conditions in the winter months that we will soon enter can raise energy prices sharply at any moment.
    For all these reasons, a number of other concerns are besieging Europe, with the public turning to low-cost heating methods such as wood. The skyrocketing wood prices as people start to stock up bring breaking news of theft and fraud. Also, deforestation processes, brought about by the increase in wood use, are also concerned the folk about the environmental effects of cutting trees with increasing air pollution today. It is also seen that the increasing demand for firewood is not only limited to the poor countries of Europe, but also rich countries such as Germany and England are suffering from rising prices.

    Energy Crisis Affects Every Field

    In addition to all these, the energy crisis not only hit Europe with the problem of heating, but also forces the continent’s hand in many other areas. The energy crisis, which creates problems in every field from glass to plastic production, causes many businesses in Europe to close their shutters. According to the news supplied from CNN, European countries, which even started to discuss the energy consumed by laundries, are burning with anxiety. On the other hand, IMF Managing Director Kristalina Georgieva told Euronews that the European economy would be severely affected by the energy crisis triggered by the war in Ukraine, and that at least half of the nineteen euro-using countries would be in danger of going into recession. Georgieva did not name the countries, but “Europe is severely affected by the rise in energy prices. We expect half of the countries in the eurozone to experience negative growth of at least two-quarters. So, a recession.” she said.

    Depending on the last breaking news from European press, “2023 will be more difficult than 2022. The next winter for Europe may be even tougher than this winter,” the IMF Managing Director said, adding that the main focus should remain on energy saving in order to rebalance the supply-demand mismatch.

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