Daily Archives: February 29, 2024


Federal Reserve’s Preferred Inflation Gauge Picked Up Last Month in Sign of Still-Elevated Prices

WASHINGTON — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. The government reported Thursday that prices rose 0.3% from December to January, up from 0.1% in the previous month. But in a more encouraging sign, prices were up just 2.4% from a year earlier, down from a 2.6% annual pace in December and the smallest such increase in nearly three years. The year-over-year cooldown in inflation is sure to be …


Athletes’ Village Handed Over to Paris Olympics Organizers  

Paris — The organizers of the Paris Olympics took possession of the newly built athletes’ village on Thursday on schedule, reinforcing growing confidence that they will be ready for the Games. At an inauguration ceremony in northern Paris, chief organizer Tony Estanguet received a symbolic key for the complex in front of VIPs including President Emmanuel Macron. “It’s a demonstration that we have honored our commitments,” Macron told reporters, who told workers they should be “proud” of delivering the village “on time and in budget.” Organisers will spend the next four …


Cricket Tournaments in Indian-Administered Kashmir Boost Local Economy

Srinagar, Indian administered Kashmir — The blanket of snow covering one of the prominent cricket grounds at the Magam neighborhood of Budgam district on the Indian side of Kashmir has melted. The ground is set to host a monthlong local cricket tournament from March 3. Hundreds of youths from various parts of the valley will compete for a $3,000 cash prize. Cricket, originating in Britain, was historically enjoyed for fitness and leisure. It is the second most popular sport worldwide after soccer with approximately 2 billion fans and is the most …