UK’s new legal minimum wage gets a 9.8 percent rise, the highest boost since 2001. But with inflation, it’s not enough.
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Milei is struggling to overcome hostile lawmakers to enact his radical austerity agenda even as social tensions rise.
Russian president’s all but guaranteed fifth term in power comes as economy has outperformed expectations.
Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth.
New gov’t will have to deal with soaring inflation, increasing poverty, low forex reserves and weakening infrastructure.
Despite diverting supplies from the Suez Canal, tensions in the Red Sea have so far had a muted impact on energy prices.
US interest rates, oil prices and the Chinese economy will determine the global economy next year.
Lula also takes over at a time of bitter internal divisions in the group, legacy of outgoing president Narendra Modi.
Winner between Sérgio Massa and Javier Milei will have to deal with debt mountain, soaring inflation, worsening poverty.
Americans are feeling pinch of high interest rates, forcing them to hold off purchases of homes, cars, even groceries.
