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ANALYSIS-ECB faces bumpy road to low inflation as wages rise

ANALYSIS-ECB faces bumpy road to low inflation as wages rise
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Analysis-ECB Faces Bumpy Road to Low Inflation as Wages Rise

Analysis-ECB Faces Bumpy Road to Low Inflation as Wages Rise
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Analysis-ECB faces bumpy road to low inflation as wages rise

Workers in Europe are hoping this year's pay round will help restore incomes eroded by higher prices, but the expected boost to their purchasing power could hamper the European Central Bank's efforts to bring inflation back to target. The ECB has singled out wages as the single biggest risk to its 1-1/2 year crusade against inflation. It expects salary growth across the euro zone of 4.6% this year, far more than the 3% pace it considers consistent with inflation at its 2% target.

TotalEnergies initiates force majeure on Russia s Arctic LNG 2

TotalEnergies said on Tuesday it had initiated a force majeure process on the Arctic LNG 2 project in Russia due to U.S. sanctions..

France seeks to settle its hydroelectric dispute with the EU

The law would allow the government to bring the hydroelectric units into compliance with European law, but must first go through a public consultation and a parliamentary vote. -January 08, 2024 at 07:15 am EST - MarketScreener

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