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Año: 2024

The Fed’s preferred inflation measure shows signs of cooling

The Fed’s preferred inflation measure shows signs of cooling

The Federal Reserve's preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending - good news for central banks aiming to control rising prices and curb demand. In May, the personal consumption expenditure (PCE) index rose 2.6% from a year earlier, meeting economists' expectations and down slightly from April's 2.7% increase. Excluding more volatile food and fuel prices, core inflation also rose 2.6% year-on-year, down from 2.8% in April. On a monthly basis, inflation remained particularly subdued, with overall prices showing no significant increases. The Federal Reserve is likely to be looking closely at…
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Shahjahan Bhuiya, executioner who became famous on TikTok, dies in Bangladesh

Shahjahan Bhuiya, executioner who became famous on TikTok, dies in Bangladesh

Shahjahan Bhuiya, who rose to fame by executing some of Bangladesh’s most notorious criminals in exchange for reduced sentences for his crimes and later gained brief fame on TikTok, died on Monday in Bangladesh’s capital Dhaka. The National Police announced on Tuesday that the cause of his death, which occurred in hospital, had not yet been confirmed. Abul Kashem, Bhuiya's owner, said he took Bhuiya to the hospital on Sunday after Bhuiya felt chest pains. Bhuiya told local media last year that he was 74, but his national identity card, provided by Kashem, indicated that he was 66 at the…
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Restaurant Challenges Venezuelan President by Selling Empanadas

Restaurant Challenges Venezuelan President by Selling Empanadas

Representatives for the IRS did not respond to an email seeking comment. The Hernández sisters were initially shocked. But they had filmed their interaction with regulators and sent it to one of their daughters. The young woman decided that she could share the family's experience with some friends. The video quickly spread online, and soon outraged supporters were visiting the restaurant as if on a pilgrimage. Donations appeared at the door: spices to season the empanada filling, a 33-pound bag of cornmeal. Then funds began pouring in from Colombia, Brazil, Mexico, and even Germany. Many people sent in orders of…
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How Taylor Swift’s Eras Tour Could Affect the European Economy

How Taylor Swift’s Eras Tour Could Affect the European Economy

It's not just Taylor Swift fans who are keeping an eye on the dates of her Eras Tour. A leading European economist is well aware that the singer will be spending the summer touring Europe's stadiums. Philip Lane, chief economist at the European Central Bank, had the pop star in mind when he spoke at an event on Monday. The interviewer had asked him about the risk that persistent inflation in the services sector could intensify, especially as Europe heads into a particularly busy summer with the Paris Olympics and the Euro 2024 football championship in Germany. “Well, it's very…
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A paradise for birdwatchers was born from Colombia’s peace agreement

A paradise for birdwatchers was born from Colombia’s peace agreement

The 2016 peace treaty, which ended decades of civil conflict in Colombia, has transformed the country into a birdwatcher's paradise. This agreement has liberated vast swathes of forests previously dominated by armed groups, making them accessible to both wildlife enthusiasts and researchers. For years, Colombia’s rich biodiversity was hidden behind the barriers of a long-running civil war. The nation’s forests, home to an astonishing array of bird species, were largely off-limits due to the presence of guerrillas and the associated dangers. However, the peace agreement has opened up these once-inaccessible areas, revealing a treasure trove of avian diversity. Birdwatchers from…
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