The price of nickel, an essential ingredient in most batteries, has soared because of fear that Russian supplies could be cut off.
Inflation and “large-scale structural transformation” are ahead, as the bank held interest rates at 20 percent.
For some, the Covid-19 crisis presented an opportunity to change course. For each, it was a big risk on a new future.
The president is targeting shipping companies that have jacked up prices during the pandemic, but critics say bigger economic forces are at work.
Jerome H. Powell, the chair of the Federal Reserve, voiced worry about inflation expectations and declared the central bank ready to do what it takes to control rapid price increases.
A wind turbine factory in Denmark and a coal mine in Poland illustrate the painful policy choices after Russia’s aggression in Ukraine added urgency to the transition to greener energy.
21.4 ° C