The dry summer has reduced hydropower in Norway, threatened nuclear reactors in France and crimped coal transport in Germany. And that’s on top of Russian gas cuts.
Tag: Prices (Fares, Fees and Rates)
Leadership Vacuum Heightens Worries as Crises Loom in U.K.
As energy prices and inflation soar under a caretaker prime minister, critics say transition at the top is leaving Britons in limbo at a tumultuous moment.
Germany’s €9 Monthly Train Pass Has Proved Popular (and a Pleasant Surprise)
To help offset inflation, Germany’s government has subsidized cheap train passes this summer. While many feared chaos and overcrowding on an overburdened system, it has been a relatively smooth ride.
Oil Prices Fall After Signs of Chinese Economic Slowdown
A set of weak economic data and unexpected interest rate cuts in China led to a sharp sell-off, driven by concerns over sluggish demand in the world’s biggest oil importer.
Travel Troubles
Two Times reporters answered your travel questions to help you navigate this hectic vacation season.
How Argentines Cope With Inflation That’s 64% and Rising
With the world grappling with rising prices, a tour through Argentina reveals that years of inflation can give rise to a truly bizarre economy.
Biden Administration’s Bid to Cap Russia Oil Prices Faces Resistance
The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyers’ cartel.
Your Friday Briefing
A potential U.S. climate bill.
Bangladesh Seeks I.M.F. Loan as Inflation Rocks South Asia
As trade deficits widen, governments in the region struggle to import increasingly expensive diesel, gasoline and cooking gas.
A Global Inflation Crisis
Big price increases are not exclusive to the U.S.