Eurozone inflation is running at a record high and has not yet peaked, European Central Bank President Christine Lagarde said Monday, signalling further interest rate hikes to come.. "I would like to see inflation having peaked in October but I'm afraid that I would not go as far as that," Lagarde told European lawmakers in Brussels.
Ireland's data regulator on Monday slapped Facebook owner Meta with a 265-million-euro ($275-million) fine after details of more than half a billion users were leaked on a hacking website.. The fine follows a landmark decision by the Irish watchdog to fine Meta a record 405 million euros in September after its Instagram platform was found to have breached regulations on the handling of children's data.
Ireland's data regulator on Monday slapped Facebook owner Meta with a 265-million-euro ($275-million) fine after details of more than half a billion users were leaked on a hacking website.. The fine follows a landmark decision by the Irish watchdog to fine Meta a record 405 million euros in September after its Instagram platform was found to have breached regulations on the handling of children's data.
Saudi Arabia on Monday announced plans for a new airport in Riyadh intended to spur rapid growth in the capital while advancing the kingdom's ambitious aviation goals. . "The airport project is in line with Saudi Arabia's vision to transform Riyadh to be among the top ten city economies in the world and to support the growth of Riyadh's population to 15–20 million people by 2030," SPA said.
Environmental organisations in Finland on Monday filed a legal challenge accusing the government of breaking its own commitments to protect the climate, the first challenge of its kind in the country.. More than 600 activists in neighbouring Sweden, including Greta Thunberg, filed a lawsuit on Friday accusing the state of climate inaction, also a first in the country. ehu/jll/gil
On his bougainvillaea-covered farm on the Greek island of Naxos, Yannis Karganis milks his sheep, wondering anxiously how he will cope with soaring costs and keep his cheesemaking business afloat.. The cost of transporting goods from the Greek mainland is also becoming prohibitive -- it takes more than five hours by boat to get from the main Greek port of Piraeus to Naxos.
A British start-up founded by two ex-students from France and Spain, crafting biodegradable packaging from marine plants, is aiming to seal royal approval this week when Prince William unveils his latest Earthshot prizes.. The co-creator of Notpla, which rather than using environmentally damaging plastics makes various naturally degrading -- and even edible -- packaging from seaweed and other marine plants, says they have already felt the competition's benefits.
Overworked, underpaid and thoroughly fed up, Wang's troubles deepened even further when authorities abruptly locked down the delivery driver's Beijing apartment block earlier this month.. "Lots of delivery guys don't have anywhere to live at the moment," he told AFP outside a deserted office block on a cold winter afternoon last week.
Stocks and oil prices sank Monday on concerns about protests across China at the government's hardline zero-Covid policy, fuelling uncertainty in the world's number two economy.. The prospect of a hit to demand in the world's biggest crude importer hammered oil prices, with both main contracts down more than two percent.
Rail workers in Belgium are to strike over several days in the coming week as part of a union-led campaign for greater government investment in the network.. Rail workers in Belgium have regularly denounced their worsening working conditions and called for greater government investment. aro/jj/imm
