Live Updates: Cryptocurrency Lender Celsius Says Market Stabilization “Will Take Time”

A train is located at North Acton station in London. The subway faces another staff strike © John Sibley / Reuters

What started with misery at the pumps due to rising fuel prices, then the disruption of air travel due to staff shortages this week will spread to problems on trains, in the country that provided you with this mode of transport. transport. A series of nationwide rail strikes and, in London, another underground strike threaten to paralyze the network.

The controversy centers on wage demands and the impact on jobs of efficiency savings made more urgent by falling incomes during pandemic closures. Government ministers, who as this article notes now effectively monitor all rail funding following the changes made during the pandemic, have refused to speak directly with the RMT, the main union calling for action.

Whether this will have a big impact on Thursday’s two UK by-elections – this week’s main election news – is a moot point as the poll already points to a double whammy for the Tories: a “red wall” and a “blue wall” constituency – between anger at their leader and the country’s prime minister, Boris Johnson.

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The aviation industry will also be in the spotlight this week when the annual general meeting of the International Air Transport Association (IATA) is held in Doha. The news here is unlikely to be very positive. Last October, Iata predicted that 2.3 billion people would fly in 2021 and 3.4 billion in 2022, compared to 4.5 billion people who traveled in 2019.

Another international meeting this week will be the delayed meeting of Commonwealth heads of state in Rwanda. The venue will raise uncomfortable questions for Prince Charles, who will attend on behalf of the queen, given the UK’s deal with the country to accommodate British asylum seekers, a policy the heir to the throne described as “appalling” according to one. report in the Times newspaper.

The week will conclude with German Chancellor Olaf Scholz hosting his counterparts from other G7 nations for a summit in the secluded Bavarian castle of Schloss Elmau, the same venue chosen by his predecessor Angela Merkel in 2015. The most noteworthy point here, however, is the special guest, India Narendra Modi, and if she helps Western powers – Australia will do something similar during a state visit to India earlier in the week – in the battle for allies to counter the growing closeness between Russia and China.

Economic data

Polls are the theme this week with a series of Purchasing Managers’ Index reports, Fed regional announcements in the US and Ifo business confidence data in Germany.

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

Companies

A Carrefour in Saint-Herblain, on the outskirts of Nantes

Among the speakers at the Consumer Goods Forum, Alexandre Bompard, CEO of Carrefour © Loïc Venance / AFP / Getty Images

Cost of living and shopping trends will be at the center of discussions among global retail groups gathering in Dublin this week for the Consumer Goods Forum. Business leaders of Unilever, Coca-Cola, Carrefour, Tesco And walmart I’m on the speaker list.

Not many results announcements this week. FedEx will release its fourth quarter numbers on Thursday, but that was teased last week when the US delivery company shrugged off concerns about the economy when it announced a dividend hike and two new board members.

Read the full program for next week here

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