The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
Tag: Prices (Fares, Fees and Rates)
Nationwide Union Strike Tests Milei’s Policies for Argentina
Argentine unions are striking to protest President Javier Milei’s economic policies, which have accelerated inflation. He says they are needed to fix the country.
Barricaded Highways and a Deadly Incident as French Farmers Rise Up
The far right is intent on exploiting the spread of anger across Europe in an agricultural sector that feels alienated.
Eurozone Price Pressures Edged Higher to End the Year
Inflation in the countries that use the euro rose to 2.9 percent in December, but the underlying rate continued a downward trend.
Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Javier Milei warned that things would get worse before they got better. Now Argentines are living it.
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars
Airbnb admitted in Australian court that it had made “false or misleading representations,” charging customers in U.S. currency instead of Australian dollars.
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.
The Louvre Is Raising Ticket Prices Ahead of the Summer Olympics in Paris
The increase, going into effect in January, comes amid broader concerns about rising costs for lodging and transportation ahead of the Summer Olympics in Paris.