Live news updates: Petrobras chief resigns after backlash over fuel price hike

A train stands at North Acton Station in London.

A train stands at North Acton Station in London. Subway faces another employee pullout © John Sibley / Reuters

What started with pump misery due to high fuel prices, then air travel was disrupted due to lack of staff Are you going this week in trouble with the trains – in the country that provided you with this mode of transport. A series of national rail strikes, and in London another exit on the underground system, likely to happen Bring the network to a standstill.

The dispute centers on wage demands and the impact of efficiency savings on jobs made more pressing by lower revenue during pandemic lockdowns. Cabinet ministers, which As you note this piece It now effectively controls all rail finances following the changes that occurred during the pandemic, and has refused to speak directly with RMT, the main union that called for the measure.

Whether this will significantly affect Thursday’s two British by-elections – this week’s major election news – is a moot point given that the poll already signals a double whammy for the Conservatives – one”red wall“and one”blue wall“Constituency – Amid the wrath of their leader and Prime Minister of the country, Boris Johnson.

The spotlight will also be on the aviation industry this week with the annual general meeting of the International Air Transport Association (Iata) taking place in Doha. The news here is unlikely to be very positive. Last October, Iata forecast that 2.3 billion people will travel in 2021 and 3.4 billion in 2022, down from the 4.5 billion people who traveled in 2019.

Another international meeting this week is the postponed meeting of Commonwealth Heads of State in Rwanda. The venue will raise some uncomfortable questions for Prince Charles, who will attend on behalf of the Queen, given the UK’s agreement with the country. Take British asylum seekersa policy described by the heir to the throne as “appalling,” according to A A report in The Times.

The week will end with German Chancellor Olaf Scholz welcoming his counterparts from other G7 nations to a summit in the secluded Bavaria castle Schloss Elmau, the same venue chosen by his predecessor Angela Merkel in 2015. However, the highlight here is special guestNarendra Modi on India, and whether this will help Western powers — Australia would do something similar on a state visit to India earlier in the week — in the allies’ battle to counter the growing rapprochement between Russia and China.

economic data

Opinion polls are the topic this week with a batch of PMI reports, US regional Federal Reserve announcements and German Ifo business confidence figures.

The highlight of the central bank governor’s speeches – and there are a few this week – will be Jay Powell’s semi-annual appearance before the Senate Banking, Housing and Urban Affairs Committee to give the monetary policy report. And in case we don’t have enough data on the cost of living, we’ll also get more inflation updates from Germany, Canada, the UK and Japan.


Carrefour in Saint-Herblain, outside Nantes

Among the speakers at the Consumer Goods Forum is Alexandre Bombard, CEO of Carrefour © Loïc Veaning/AFP/Getty Images

Cost of living and shopping trends will be a talking point among global retail groups gathering in Dublin this week for the Consumer Goods Forum. CEOs of Unilever, Coca-Cola, Carrefour, Tesco And the Walmart They are among those on the list of speakers.

Not many daily earnings announcements this week. FedEx will release fourth-quarter numbers on Thursday but that was preempted last week with the US delivery company ignoring fears About the economy when she announced a dividend increase and two new board members.

Read the full calendar for the next week over here