President’s stance has come under fire from his labor allies
Economy Desk
Biden avoids rail strike with new deal, but not everyone is happy
REUTERS – Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and the prospects of a demand boost in China.
Oil prices fall on economic fears, dollar strength
BLOOMBERG - European Central Bank officials from the region’s two biggest economies said they’re determined to bring record inflation back to their 2% target.
German, French central bankers say inflation will return to goal
Guardian – The RMT general secretary defended rail strikes across the UK over Christmas and said unions have a “duty to coordinate what they do”, saying the government is sending a message that pay rises will only come with worse terms for workers.
Union leader defends UK rail strikes over Christmas
Guardian - Brexit is contributing to a surge in food prices as the country heads into recession, a senior Bank of England policymaker warned.
Brexit fuelled surge in UK food prices: BoE policymaker
REUTERS - Venezuela's Oil Minister and top representatives of state-run company PDVSA on Friday signed contracts with U.S. oil firm Chevron Corp intended to help revive the nation's oil output and expand operations.
Venezuela, Chevron formally sign oil contracts in Caracas
AFP – Airlines are expected to return to profit next year for the first time since 2019 despite slowing global growth as they recover from a COVOD-induced crisis, an industry group said Tuesday.
Airlines to return to profit in 2023: IATA

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