Alexander Kozul-Wright

UK’s new le­gal min­i­mum wage gets a 9.8 per­cent rise, the high­est boost since 2001. But with in­fla­tion, it’s not enough.

Milei is strug­gling to over­come hos­tile law­mak­ers to en­act his rad­i­cal aus­ter­i­ty agen­da even as so­cial ten­sions rise.

Russ­ian pres­i­dent’s all but guar­an­teed fifth term in pow­er comes as econ­o­my has out­per­formed ex­pec­ta­tions.

An­a­lysts say Bei­jing needs to roll out mea­sures to stim­u­late greater do­mes­tic con­sump­tion amid slow­ing growth.

New gov’t will have to deal with soar­ing in­fla­tion, in­creas­ing pover­ty, low forex re­serves and weak­en­ing in­fra­struc­ture.

De­spite di­vert­ing sup­plies from the Suez Canal, ten­sions in the Red Sea have so far had a mut­ed im­pact on en­er­gy prices.

US in­ter­est rates, oil prices and the Chi­nese econ­o­my will de­ter­mine the glob­al econ­o­my next year.

Lula also takes over at a time of bit­ter in­ter­nal di­vi­sions in the group, lega­cy of out­go­ing pres­i­dent Naren­dra Modi.

Win­ner be­tween Sér­gio Mas­sa and Javier Milei will have to deal with debt moun­tain, soar­ing in­fla­tion, wors­en­ing pover­ty.

Amer­i­cans are feel­ing pinch of high in­ter­est rates, forc­ing them to hold off pur­chas­es of homes, cars, even gro­ceries.