Local governments starved for cash after enormous spending on costly “zero Covid” measures cannot afford to keep up adequate supplies of gas.
Tag: Prices (Fares, Fees and Rates)
Germany’s Inflation Rate Hit a High in 2022
The pace of consumer price increases began easing late in the year, but the country’s annual rate of inflation set a new, post-Cold War record.
How Russia’s War on Ukraine Is Worsening Global Starvation
Moscow blocks most shipments from Ukraine, one of the world’s largest wheat producers, and its attacks on the country’s energy grid also disrupt the flow of food.
Nets, Buoys, Salt, Ice. For West African Fishermen, ‘Everything’ Is Going Up.
Fishermen in Sierra Leone need large amounts of ice to store their catch on multiday journeys. Like many commodities, it has become pricey.
Qatar Extends Its Natural Gas Dominance at Russia’s Expense
As its influence grows, the country is poised to become a big energy supplier to Europe, which has turned away from Russia after its invasion of Ukraine.
Chinese Unrest Over Lockdown Upends Global Economic Outlook
Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation.
Meet the Man on a Mission to Expose Sneaky Price Increases
Edgar Dworsky has become the go-to expert on “shrinkflation,” when products or packaging are manipulated so people get less for their money.
G7 and Allies Hit Snag Over Setting Price Cap on Russian Oil
The effort to negotiate a cap on the price of Russian oil is expected to resume, but when and where is not clear.
Would You Pay $1,000 to See the World’s Biggest Lizards?
Indonesia wants to make it vastly more expensive to see the country’s famous Komodo dragons. The local tourism industry is up in arms.
Oil Prices Slide as Investors Worry Energy Demand Is Slowing
The U.S. benchmark oil price fell to about $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.