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Global Economy |
In the US, policymakers left the short-term interest rates unchanged after the scheduled Federal Reserve policy meeting in January 2024. In the euro area, the annual consumer price inflation rate slowed down to 2.8% in January 2024 from 2.9% in December 2023. The core rate, which excludes volatile food, energy, alcohol, and tobacco prices, also slowed to 3.3%. |
Status of a labour dispute at Lufthansa subsidiary Discover Airlines remains unclear after the carrier agreed to raise wages, but circumvented the striking trade union to do so.
The airline, which caters to German holidaymakers, agreed to a new pay scale that exactly matches demands from the pilots' union Vereinigung Cockpit (VC).
The festivities began at the traditional start time of 11:11 am, as a group of women known as the Möhnen stormed Dusseldorf's town hall, while a traditional triumvirate of prince, farmer and maiden let partiers loose in Cologne. The Thursday leading up to Shrove Tuesday is known as Old Women's Carnival (Altweiberfasching) in Germany's Rhineland region.