0601 GMT December 10, 2022
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Economy Desk
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President’s stance has come under fire from his labor allies
Economy Desk
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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.
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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.
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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.
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Guardian - Brexit is contributing to a surge in food prices as the country heads into recession, a senior Bank of England policymaker warned.
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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.
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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.
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