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Airlines to return to profit in 2023: IATA
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.
Union leader defends UK rail strikes over Christmas
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.
Oil prices fall on economic fears, dollar strength
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.
EU funding row deepens as Hungary blocks Ukraine aid
AFP – Hungary on Tuesday blocked a mammoth EU aid package for Ukraine, as Prime Minister Viktor Orban seeks to pressure Brussels into handing him billions of euros in frozen funds.
Global renewable capacity growth set to double over next five years: IEA
REUTERS – Global renewable power capacity growth is set to double over the next five years, driven by energy security concerns in the wake of Russia's military operation in Ukraine, the International Energy Agency (IEA) said on Tuesday.
EU's economy commissioner: We will have a recession this winter
REUTERS – Europe will fall into a recession this winter and growth will not return before spring, European Economy Commissioner Paolo Gentiloni said on Monday.
German, French central bankers say inflation will return to goal
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.
UK economy to shrink in 2023, risks 'lost decade': CBI
REUTERS - Britain's economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday.
Ghana offers local debt swap as part of IMF talks
AFP – Ghana asked investors to exchange around $9b in domestic debt for new bonds on Monday to ease a crunch in payments as the government negotiates an IMF bailout during its worse economic crisis in decades.
Brexit fuelled surge in UK food prices: BoE policymaker
Guardian - Brexit is contributing to a surge in food prices as the country heads into recession, a senior Bank of England policymaker warned.
EU should go to WTO over US subsidies: Lawmaker
The head of the European Parliament’s Trade Committee said he no longer expects a negotiated settlement to the dispute surrounding massive subsidies and tax breaks for US-made products.
More than half of France’s TGV trains cancelled because of strike
More disruptions could be ahead
EURO NEWS - Around 60% of France’s TGV and Intercity trains were cancelled this weekend because of a strike by SNCF workers, pushing the country's Minister of Transport to call for "collective responsibility".
Biden avoids rail strike with new deal, but not everyone is happy
President’s stance has come under fire from his labor allies
Economy Desk

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