That started with suffering at the pump due to rising fuel prices, then disruption of air travel due to lack of staff this week will spread the problem on trains – in countries that give you this mode of transportation. A series of national rail strikes, and another London walkout on the Underground system, are likely to making the network stop.
The dispute focused on wage demands and the impact on efficiency savings that were made faster due to reduced revenue during the key pandemic. Minister of government, which as a note of this piece now effectively controlling all rail financing after changes made during the pandemic, it has refused to talk directly with RMT, the main trade union that called for the action.
Whether this will have a big impact on the two UK elections on Thursday – this week’s major election news – is an undeniable point as the poll has shown a second strike for Conservatives – one ”red wall“and one”blue wall”Constituency – in the midst of anger against its leader, and the country’s prime minister, Boris Johnson.
The aviation industry will also be in the spotlight this week as the annual general meeting of the International Air Transport Association (IATA) is held in Doha. The news here is not necessarily very positive. Last October, Iata predicted 2.3 billion people would fly in 2021 and 3.4 billion in 2022, down from 4.5 billion people traveling in 2019.
Another international meeting this week will be a meeting of Commonwealth heads of state in Rwanda. The board will raise some unpleasant questions for Prince Charles, who will be coming on behalf of the Queen, due to the British agreement with the country. taking British asylum seekersthe policies of the heir to the throne have been described as “horrible” under a report in the Times newspaper.
The week will end with German Chancellor Olaf Scholz welcoming partners from other G7 countries to a summit at the remote Schloss Elmau castle in Bavaria, the venue chosen by Angela Merkel’s ancestors in 2015. However, the most important point here is. special guestNarendra Modi India, and whether this will help western powers – Australia will do something similar on a state visit to India earlier this week – in the fight for allies to counter the growing closeness between Russia and China.
The survey is the theme this week with a purchasing managers index report, regional Fed announcements in the U.S. and German Ifo business confidence figures.
The spotlight on the terms of the central bank’s speech – and there are a few this week – will be Jay Powell’s semi -annual appearance in front of the banking Senate, housing and city affairs committees to give a monetary policy report. And if you don’t have enough data on the cost of living, we’ll also get more inflation updates from Germany, Canada, the UK and Japan.
The cost of living and trends in shopping will be the point of discussion among a global retail group gathered in Dublin this week for the Consumer Goods Forum. Chief executive of Unilever, Coca-Cola, Carrefour, Tesco and Walmart are among those on the list of speakers.
Not many income announcements were diaried this week. FedEx will report fourth -quarter figures on Thursday, but this was done last week with U.S. shipping companies. shrugging off concerns about the economy when announcing increased dividends and two new board members.
Read the full next week’s calendar here