As protests in the oil-rich Central Asian country gain momentum, the events threaten to reverberate across the region.
Tag: Prices (Fares, Fees and Rates)
Kazakhstan Declares State of Emergency as Protests Over Fuel Prices Spread
Thousands took to the street as gas prices doubled. The government responded with curfews and tear gas. The president later announced the resignation of the government.
OPEC and Allies Agree to Raise Oil Output Amid Lagging Production
The group called OPEC Plus decided to increase oil output by 400,000 barrels a day, but its members have lately been falling short of production quotas.
For U.K. Companies Brexit Meant Higher Costs and Endless Forms
While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.
Germany Wants Its Russian Pipeline. German Allies Aren’t Sure It’s a Good Idea.
The Nord Stream 2 Russia-to-Germany pipeline could offer plentiful natural gas. But tensions with Vladimir Putin are keeping it out of reach.
Inflation Forces Parisian Vendors to Raise Prices on Staples
Soaring inflation in Europe is starting to squeeze shopkeepers and consumers. Many are preparing for more price increases in the new year.
Many Turks Can’t Afford Bread, and Bakers Can’t Afford to Make It
Squeezed by rising costs, price controls and plunging sales, bakers warn of ruin, while their impoverished former customers line up for government-supplied loaves.
Workers in Europe Are Demanding Higher Pay as Inflation Soars
Prices are rising at the fastest rate on record, and unions want to keep up. Policymakers worry that might make inflation worse.
Biden to Tap Into U.S. Oil Reserves to Combat Rising Gas Prices
In an attempt to reduce energy prices, the U.S. will release 50 million barrels of crude. Five other nations also will dip into stockpiles.
U.K. Inflation Hits a 10-Year High
Prices rose 4.2 percent last month from a year earlier, more than double the Bank of England’s target.