Evidence continues to mount that France and the Eurozone are facing a long period of recession. French economic output just contracted for the first time in 18 months, with Germany’s business activity plunging even deeper. The decline in output and demand has almost too many causes to list.
At six months into the unrest in Ukraine Europe’s energy import costs have now quadrupled. The costly conflict shows no sign of easing, as Brussels has abandoned diplomatic efforts with Moscow.
The current drought across the continent appears to be the worst in the last 500 years, hurting crop yields, sparking wildfires and increasing pessimism. That’s helped push the euro to its lowest level in 20 years - the euro is now worth less than the United States dollar.
Despite the increasing gloom last month the European Central Bank decided to raise interest rates for the first time in 11 years. That makes borrowing even more costly for businesses and individuals, and could spark mass layoffs, bankruptcies and home foreclosures.
Ghana is interested in purchasing a floating nuclear power plant from Russia, Ghanaian Ambassador to Russian Koma Steem Jehu-Appiah told Sputnik.
"I know that our minister of energy was here last year and signed a corresponding agreement. I think this is innovative, and in a conversation with the minister of energy, he said that the country is interested.
So, Ghana could purchase such a nuclear power plant," the diplomat said when asked about the possibility of Ghana purchasing a floating nuclear power plant.
Russia and Ghana began cooperation in the field of nuclear energy after signing an intergovernmental agreement in 2015.
The agreement outlined plans for joint work in the areas of training specialists, building nuclear power plants and related infrastructure, and providing maintenance services. In October 2023, representatives of Rosatom met with the Ghanaian Ministry of Energy in Cape Town. At the meeting, Russia proposed using floating nuclear power plants to supply power to ...
