ECB's Makhlouf Says Inflation Expectations Are Well Anchored
Commenting in a blog post on Friday, the Irish central bank chief also said:
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Ryanair to change free cabin bag size after major EU ruling
Ryanair is set to make significant changes to its free cabin bag allowance, marking a win for British travellers. The budget airline, notorious for its cheeky online persona and hefty fines for passengers who breach its stringent luggage rules, currently allows a free 'personal bag' that does not exceed 40 X 25 X 20cm - a mere 20 litres in volume. It's become standard procedure for staff armed with card machines to verify during boarding that customers' bags meet these diminutive dimensions. Those caught trying to sneak a larger bag on board can face a £75 penalty. Read more: Popular city centre restaurant closes suddenly However, thanks to a new European Union standard, this is all about to change. On June 24, Members of the European Parliament (MEPs) voted to introduce uniform dimensions for hand luggage. They agreed that all passengers should be allowed to carry on board one personal item, such as a handbag, backpack or laptop, with maximum dimensions of 40x30x15 cm without incurring an additional fee. In response, Ryanair has gone above and beyond the ruling, confirming it will permit passengers to bring a personal bag up to 40 X 30 X 20cm in the coming weeks. Despite this increase, Ryanair's allowance still falls short of competitor easyJet, which allows passengers to bring a free under-seat bag measuring 45 x 36 x 20cm (including wheels and handles), reports the Mirror. British Airways (BA) may indeed have a snugger under-seat bag allowance, adhered to the EU's minimum dimensions of 40 x 30 x 15 cm, but there's a silver lining. BA flyers also get the perk of carrying on a heftier cabin bag at no extra cost, provided it's under 23 kg and fits in the overhead locker. In response to a recent landmark vote, Matteo Ricci, vice-chair of the EU Committee on Transport and Tourism (TRAN), expressed his enthusiasm in a press release, stating: "Today's vote marks an important step toward fairer and more transparent travel," adding that "[It introduces] concrete measures such as the clear definition of free hand luggage ... a fundamental right to avoid unjustified extra costs." For those yearning for the latest globetrotting insights and purse-friendly holiday steals, make sure to subscribe to our Travel Newsletter. Past month's developments saw the European parliament's transport committee propose an endearing passenger right – to tote along an extra piece of hand luggage weighing up to 7 kg without costing a penny. As reported by the BBC, this suggested change won't be set in stone until it sails through the full European parliament and is enshrined into law. Even with progress on the horizon, UK travellers are still encouraged to check up directly with airlines on luggage policies this summer - best stay on the safe side. After all, turning up with a bag that flouts your carrier's rules could hit your wallet hard with a hefty fee, or you might find your belongings relegated to the plane's cargo hold.
Bloomberg
an hour ago
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Charting the Global Economy: US Jobs Data Eases Pressure on Fed
Fresh US jobs figures took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall. While employers added more jobs in June than forecast and the unemployment rate ticked lower, growth in private payrolls weakened.
Bloomberg
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Octopus Energy Eyes Demerger of Tech Arm Kraken, Sky Says
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