World economy
The No. 1 city in the world to travel and work remotely is in the US—and it isn’t New York or LA
Americans don’t need a passport to get to the No. 1 global city to take a working vacation. Kansas City, Missouri, was named the best city in the world to work during the day and explore after hours without having to use too much of your PTO time, according to a recent analysis from Icelandair. […]
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European stocks log best session in more than 3 months; tech shares gain 3.8%
LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all […]
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Jordan’s king says he would support a Middle East version of NATO
Jordan’s King Abdullah said he would support the formation of a Middle East military alliance similar to NATO, and that it can be done with countries that are like-minded. Thomas Kronsteiner | Getty Images News | Getty Images Jordan’s King Abdullah II said he would support the formation of a Middle East military alliance similar […]
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Canada inflation rate gallops to near 40-year high, calls for supersized rate hike mount
The Bank of Canada raised interest rates to 1.5% from 1.0% this month and said it was ready to act “more forcefully” if needed to tame inflation. David Kawai | Bloomberg via Getty Images Canadian consumer prices increased in May at rates not seen since January 1983, surging past analyst forecasts, largely driven by pricey […]
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Moscow and NATO could be heading for a confrontation over Russia’s European exclave of Kaliningrad
A sign reading ‘Kaliningrad’ stands atop the city’s south railway station. Harry Engels | Getty Images Sport | Getty Images A new front in tensions between Russia and NATO has opened up after one of the Western military alliance’s members, Lithuania, banned the transit of some goods coming from Russia to its exclave Kaliningrad on […]
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Emirates boss says travel demand unlikely to dissipate despite airport chaos
Emirates has said it doesn’t see travel demand dissipating any time soon, even as the industry battles a string of challenges that have already sparked airport chaos ahead of the busy summer holiday season. Tim Clark, president of the Dubai-based carrier and an airline veteran, said that he had “never seen anything” like the headwinds […]
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‘The system is rusty’: Executives defend industry as airlines cancel scores of flights
Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, luggage lost and wait times to board planes exceeding four hours. That’s partly the result of labor shortages from the pandemic, as layoffs have put […]
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European markets set for lower open as investors reflect on economic uncertainty
LONDON — European stocks are expected to open lower on Monday after a tumultuous trading week last week. The U.K.’s FTSE index is seen opening 15 points lower at 6,980, Germany’s DAX 28 points lower at 13,089, France’s CAC 40 down 37 points at 5,850, and Italy’s FTSE MIB down 73 points at 21,528, according to […]
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World Trade Organization strikes global trade deals deep into overtime
World Trade Organization Director-General Ngozi Okonjo-Iweala delivers her speech at the WTO headquarters in Geneva on June 17, 2022. The World Trade Organization’s 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five grueling days of negotiations. Fabrice […]
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Dubai’s famous boozy brunches get a reboot as Saturday becomes the new Friday
The UAE is tackling this issue of work-life balance and the government recently rolled out a 4.5-day working week for Emirati government employees. Laszlo Szirtesi | Getty Images News | Getty Images They say it’s risky playing with a winning formula — especially when that formula results in massive revenue for Covid-battered restaurants and is […]
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