Britain’s trains disrupted in second widespread strike in a week

About 5,000 railway workers across almost a quarter of Britain’s network have gone on strike as part of a campaign for higher pay after the country’s inflation rate hit its highest in 40 years.

Sweden Hits Record Electricity Prices, Austria's Inflation to Exceed 7% for First Time Since 1970s | Farsnews Agency

Electricity prices throughout Sweden reached record levels, peaking in the Southern part of the country and Greater Stockholm. Austria's inflation rate this year will peak at 7.6%, hitting the record since the global oil crisis of 1970s, according to an inflation forecast published by the Austrian National Bank (OeNB) on Monday.

Euro Area Annual Inflation Hits New Record Of 8.1% In May - UrduPoint

Euro area annual inflation spiked to a new record high of 8.1% in May, according to a flash estimate from Eurostat on Tuesday. The figure jumped from the previous record of 7.4% recorded in April.

Biden says he ‘can’t do much’ on gas prices — RT World News

President Joe Biden has claimed that Moscow is entirely to blame for surging US gasoline prices, conceding he won’t be able to blunt runaway inflation at the pump. This comes after the US moved to ban imports of Russian oil and natural gas.

Turkey's inflation hits 36% amid financial turmoil - BBC News

Turkey's annual inflation rate has soared to a 19-year high, underlining the country's financial turmoil and alarm over its president's policies.

Venezuela's President Orders 60% Increase in Minimum Wages Amid Crisis

Venezuela's President Nicolas Maduro has ordered on Monday another 60-percent increase in minimum wages amid ongoing crisis, which would benefit government workers and the military, media reported.

Venezuelan leader unveils 50 pct minimum wage hike

Venezuelan President Nicolas Maduro on Sunday announced a 50-percent increase in the minimum wage to help public-sector workers cope with runaway inflation.

Brazil loses 1.5 million jobs in 2015

Brazil saw 1.5 million net dismissals in 2015, far worse than the previous year when it created 420,000 formal jobs amid economic difficulties.