Could attacks from the Red Sea drive up prices and inflation?
After central banks raised interest rates for more than eighteen months, inflation was predicted to decline in 2024. the strongest monetary tightening in many years. However, Houthi rebel attacks in the Red Sea threaten to drive up living expenses once more. Global trade has been hindered by geopolitical conflicts, driving increasing the cost of transportation and insurance. A prolonged conflict in the Middle East, which produces oil, can make people's financial situations even worse. Africa's progress is being severely hampered by its growing debt. We also examine how the sleep industry has grown to be a multimillion dollar industry.
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Claudia Sheinbaum was elected Mexico's first female president.
Claudia Sheinbaum is expected to win the poll by a wide margin. She is a former climate scientist and Mayor of Mexico City. She is likely to succeed her political mentor, outgoing President Andrés Manuel Lopez Obrador. Supporters of the president-elect gathered in large numbers in the capital to celebrate Sheinbaum's overwhelming victory. Claudia Sheinbaum is estimated to win Sunday's presidential election with 58.3 to 60.7 percent of the vote, according to the INE's official rapid count. It put her nearest challenger, Xochitl Galvez, who leads a coalition of primarily conservative parties, at 26.6-28.8 percent. The official result will be announced on June 8. Speaking to supporters, Sheinbaum said her competitors, Galvez and Maynez, had called her and acknowledged her victory.
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